Aptus Value Housing Finance IPO Subscribed 17.2 Times On Day 3

Investor interest in Aptus Value Housing Finance India Ltd.'s initial public offering picked up pace on the final day of subscription.

The IPO by the South India-focused home financier was subscribed 17.2 times on the third day. The company was looking to raise up to Rs 2,780 crore from the primary market, by selling shares at a price band of Rs 346 to Rs 353 per share.

The IPO included a fresh issue worth up to Rs 500 crore and an offer-for-sale of 6.46 crore shares, according to its IPO prospectus. The company intends to use the proceeds to strengthen its capital base.

Subscription Details: Day 3

The IPO was subscribed 17.16 times as of 4 p.m. on Aug. 12.

• Institutional investors: 32.41 times

• Non-institutional investors: 33.90 times

• Retail investors: 1.27 times

Research Reports On Aptus Value Housing Finance IPO:

• Superior Asset Quality, Strong Financials: KRChoksey

• Investment Rationale, Key Risks, Concerns: ICICI Direct

• South India Based Rural Focused Housing Finance Company: Geojit

Watch BloombergQuint's IPO Adda with Aptus Value Housing Finance: