Since its inception, the company has not restructured any loans or written off any loan's receivable and as of December 31, 2020, the companyвЂ™s gross NPAs expressed as a percentage of gross loan assets was 0.77 per cent, which is much lower than other financial institutions. The company does not provide any loans with a ticket size above Rs 25 lakh while the average ticket size of loans is around Rs 7 lakh thus, lowering its concentration risk to a larger extent. It offers loans only to retail customers and does not provide any loans to builders or for commercial real estate and targets first-time homebuyers, where the collateral is a self-occupied residential property. Due to domain expertise in the business model,В it is difficult to replicate others in their geographies.В The company has an established track record of financial performance with industry-leading profitability. It has robust risk management architecture from origination to collections, leading to superior asset quality. The company is present in large, underpenetrated markets with strong growth potential. The net profit has been growing at a CAGR of 30.55 per cent for the past two years. The assets under management of the company grew by 28 per cent YoY for the period ended FY21.

Robust credit risk management from origination to collections leading to assure strong asset quality.Д®stablished financial performance track record. Presence in the large, underpenetrated market with strong growth potential. One of the largest housing finance companies in South India in terms of AUM.ДЄ strong network of 181 branches across 75 districts and union territory of Puducherry. As of December 31, 2020, 99.42 per cent of the AUM was from customers belonging to the lower and middle-income group with a monthly income of less than Rs 50,000. It undertakes all types of lending activities such as sourcing, underwriting, valuation along with a legal assessment of collateral, the credit assessment, and collection.ДЄs of December 31, 2020, the total home loans accounted for 51.76 per cent of AUM. The company offers home loans to retail customers for purchasing homes, construct residential property, house improvement & extension, loans against property, and business loans. As per CRISIL report, it is one of the largest housing finance companies in South India in terms of AUM of 37,909.31 million as of December 31, 2020. It is a retail-focussed housing finance company that primarily serves the low and middle-income self-employed customers in the rural & semi-urban markets of India.

A retail-individual investor can apply up toВ a maximum of 13В lots (546В shares orВ RsВ 1,92,738).В The net proceeds generated from theВ IPOВ will be utilised to augment the company's capital base to meet future capital requirements, meeting issue-related expenditures and also, to achieve share listing benefits on the stock exchanges.ДЄptus Value HousingВ was incorporated in the year 2009. ItВ willВ beВ listedВ onВ the Exchanges on August 24, 2021.В TheВ IPOВ market lot size isВ 42В shares. Promoters of Aptus Value Housing Finance вЂ“ M Anandan, Padma Anandan and Westbridge Crossover Fund LLC Aptus IPO detailsД¦4,590,695 shares (INR2,234.84 вЂ“ 2,280.Aptus Value Housing is a retail-focussed housing finance company.В The company is coming out with its initial public offering (IPO) of equity shares with a face value ofВ Rs 2В per equity share.В The issue size of the company isВ Rs 2,780.05 crore, with a fresh issue comprising RsВ 500В crore while the remaining include the sale of shares worth Rs 2,280.05 crore by existing investors, according to its red herring prospectus.В The price band of the issue has been fixed at RsВ 346В to RsВ 353В per equity share.В TheВ IPOВ opening date isВ August 10, 2021, while it will close onВ August 12, 2021.

It had 56,430 active loan accounts across 75 districts in Tamil Nadu, Andhra Pradesh, Karnataka, Telangana and the Union Territory of Puducherry. As of 31 December 2020, AVHFвЂ™s AUM stood at INR3,790.9 crore, representing a split of 72.5% and 27.5% between self-employed and salaried individuals, respectively. It is one of the largest housing finance companies in South India in terms of asset under management and has the largest network of 181 branches. Aptus Value Housing Finance IPO description вЂ“ The company offers housing loans, serving low and middle income self-employed customers in the rural and semi-urban areas.В AVHF is entirely foused on retail customers and does not offer any loans to builders or for commercial real estate.

Aptus value housing finance ipo