Retail focused housing finance company, Aptus Value Housing Finance India Limited, Issue subscribed 0.37 times, Retail portion booked 0.54 times on day 2
The portion reserved for retail investors was subscribed 0.54 times. While the Qualified Institutional Buyer category was subscribed 0.33 times, the Non-Institutional Investor category was subscribed 0.06 times.
The Offer comprises of a fresh issuance of Equity Shares, aggregating up to Rs.5000 million and an offer for sale of Equity Shares aggregating up to 64,590,695 Equity Shares by the Selling Shareholders. The Net Proceeds from the Offer will be utilized towards augmenting the Company’s tier 1 capital requirements. The price band for the Offer is at Rs. 346 – Rs. 353 per Equity Share of face value Rs.2 each. The Bid/Offer period will close on Thursday, August 12, 2021.
The Company raised Rs. 834 crore through the Anchor Book. 12 Foreign Portfolio Investors such as Capital Research, Genesis, Neuberger Berman, Nomura, Universities Superannuation Scheme (USS), Steadview, Ward Ferry, and Aberdeen and 9 domestic investors such as Axis Mutual Fund, DSP Mutual Fund, Edelweiss Mutual Fund, IIFL Group and Premji were the participants.
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Kotak Mahindra Capital Company Limited are the BRLMs to the Offer.