Aptus Value Housing Finance IPO Subscription Day 2

Aptus Value
IPO
11/08/2021

The Rs.2,780 crore IPO of Aptus Value Housing, consisting of Rs.500 crore fresh issue and Rs.2,280 crore OFS, remains partially subscribed at the close of Day-2. As per the combined bid details put out by BSE at the close of Day-2 of the issue, Aptus Value Housing IPO was subscribed 0.37X overall, with bulk of the demand coming from the retail segment followed by QIBs. The issue closes on 12th August.

In terms of numbers, out of the 551.29 lakh shares on offer in the IPO, Aptus Value Housing saw applications for 206.37 lakh shares. This implies an overall subscription of 0.37X. The granular break-up of subscriptions were in favour of retail investors.
 

Aptus Value Housing Finance IPO Subscription Status Day 2

Category Subscription Status
Qualified Institutional (QIB) 0.33 Times
Non-Institutional (NII) 0.06 Times
Retail Individual 0.54 Times
Total 0.37 Times

 

QIB Portion

The QIB portion got tepid response on Day-2. On 09 Aug, Aptus Value Housing did an anchor placement worth Rs.834 crore. QIB portion, net of anchor allocation, was subscribed 0.33X (getting applications for 51.88 shares against the available quota of 157.51 lakh shares) at the close of Day-2. However, QIB applications typically get bunched on the last day.

HNI Portion

The HNI portion got subscribed 0.06X (getting applications for 6.70 lakh shares against the quota of 118.13 lakh shares). However, funded applications and corporate applications typically come in only on the last day.

Retail Individuals

The retail portion got subscribed 0.54X at the close of Day-2, showing limited retail appetite. Out of the 275.64 lakh shares on offer, valid bids were received for 147.79 lakh shares, of which bids for 118.59 lakh shares were at the cut-off price. The IPO is priced in the band of (Rs.346-Rs.353) and closes for subscription on 12th August.

 

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