Aptus Value Housing Finance India IPO
Aptus Value Housing Finance India Limited (APTUS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 24 August 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +17.1% (likely range +1% to +20%), day's high +27.2%, chance of a gain 97%. Actual: -5.7% at the open, +0.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,57,51,000 | 51,04,86,732 | 32.4x | |
| NII (HNI) total | 1,18,13,250 | 40,05,43,332 | 33.9x | |
| Retail | 2,75,64,250 | 3,72,12,378 | 1.35x | |
| Total | 5,51,28,500 | 94,82,42,442 | 17.2x |
Bids on NSE and BSE together, as published by NSE, as of 12 Aug 2021, 05:00 PM. Shares offered exclude the anchor portion. 3% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Aptus Value Housing Finance India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| CarTrade TechAug 2021 | 35.4x | 41.0x | 2.75x | 20.3x | ₹2,999 Cr | -1.1% | 0.0% |
| Bandhan BankMar 2018 | 38.7x | 13.9x | 1.20x | 14.6x | ₹4,473 Cr | +33.1% | +33.1% |
| Fine Organic IndustriesJun 2018 | 12.9x | 21.0x | 1.62x | 8.99x | ₹600 Cr | +4.1% | +6.5% |
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| Dilip BuildconAug 2016 | 9.76x | 79.6x | 2.35x | 20.9x | ₹672 Cr | +9.6% | +16.4% |
| ZomatoJul 2021 | 51.8x | 33.0x | 7.45x | 38.3x | ₹9,899 Cr | +52.6% | +82.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Aptus Value Housing Finance India IPO price band and lot size? ₹346–353 per share, with a lot of 42 shares, so the smallest retail bid is ₹14,826.
How many times has it been subscribed? 17.2x overall: QIB 32.4x, NII 33.9x, retail 1.35x.
How did it list? It opened at ₹333, -5.7% against the issue price of ₹353, and closed its first day -1.7%.
