ADVERTISEMENT

Aptus Value Housing Finance IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

Aptus Value Housing Finance IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

<div class="paragraphs"><p>The sun sets behind residential buildings in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)</p></div>
The sun sets behind residential buildings in Noida, Uttar Pradesh, India. (Photographer: Anindito Mukherjee/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct's IPO Report

Aptus Value Housing Finance India Ltd. is a retail focused housing finance company that targets low and middle self-employed customers in rural and semi-urban areas.

The company targets first time home buyers where collateral is self occupied residential property.

Aptus Value Housing Finance offers home loans for purchase and self-construction of residential property, home improvement and extension loans; loans against property; and business loans.

The company’s assets under management has grown at 34.5% compound annual growth rate in FY19-21 to Rs 4,068 crore.

Of total AUM, 99.46% belonged to low and middle-income groups earning less than Rs 50,000 per month.

Loans to self-employed were at 72% of AUM.

Click on the attachment to read the full IPO report:

ICICI Direct Aptus Value HF IPO Review.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.