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Aptus Value Housing Finance IPO Subscribed 0.37 Times On Day 2
Get the latest subscription updates from day 2 of Aptus Value Housing Finance IPO.
11 Aug 2021, 05:38 PM IST 
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A customer holds a bundle of Indian rupee banknotes while filling in a deposit form at a branch in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)
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Summary is AI Generated. Newsroom Reviewed
Investor interest in Aptus Value Housing Finance India Ltd.'s initial public offering remained muted even on the second day of subscription.
The IPO by the South India-focused home financier was subscribed 0.37 times on its second day. The company is looking to raise up to Rs 2,780 crore from the primary market.
The IPO includes 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.
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Subscription Details: Day 2
The IPO was subscribed 0.37 times as of 5 p.m. on Aug. 11.
Institutional investors: 0.33 times
Non-institutional investors: 0.06 times
Retail investors: 0.54 times
