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Aptus Value Housing files draft papers for IPO - The Hindu BusinessLine

Aptus Value Housing files draft papers for IPO May 16, 2021 Housing finance company plans to raise about ₹2,600-3,000 crore Chennai-headquartered Aptus Value Housing Finance India Ltd (AVHFIL) has filed draft papers with the market regulator for an Initial Public Offering (IPO), with the company intending to use the proceeds to increase its capital base. The housing finance company, which has the largest branch network in South India, intends to raise about ₹2,600-3,000 crore through the offering, sources close to the development said. The IPO would comprise a fresh issuance of shares totalling ₹500 crore and an offer-for-sale of up to 6.5 crore shares by promoter and shareholders. ICICI Securities Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd and Kotak Mahindra Capital Company Ltd are the book running lead managers to the issue, according to the Draft Red Herring Prospectus (DRHP) filed with SEBI.