Strong financials vs pricey valuations: Should you bid for Aptus Value IPO?

Aptus Value IPO: Aptus is an entirely retail-focused housing finance company (HFC) in India, which primarily serves low-and-middle-income self-employed customers in rural and semi-urban markets

The three day Aptus Value Housing Finance IPO opened for subscription on Tuesday, August 10, to raise Rs 2,780 crore at the upper end of the price band of Rs 346-353 per share. The issue is a mix of an offer for sale (Rs 2,280 crore) and a fresh issue (Rs 500 crore). The proceeds from the offer for sale will go to the selling shareholders, while the amount received from the sale of fresh issue will be utilized for fully augmenting the tier I capital requirements of the company.

At the upper price band of Rs 353, the