#Aptus financial reviews registration#
#Aptus financial reviews professional#

ANCHOR ISSUE: Ahead of its IPO, Aptus Value Housing Finance IPO garnered Rs.Related Posts: Aptus Value Housing Finance IPO Details: Bid Opensįresh Issue of Equity Shares + OFS upto 64,590,695 Equity Sharesġ5% of the offer ( Approx. Retail-focussed, Aptus Value Housing Finance IPO is being offered in the price band of Rs 346-353 per equity share. The OFS is by promoter Padma Anandan, and investors Aravali Investment Holdings, JIH II LLC, GHIOF Mauritius, and Madison India Opportunities IV. 2780 comprises a fresh issue of Rs 500 crore, and an offer for sale of up to 6,45,90,695 equity shares. Detailed Terms and Conditions are available on. Stock prices data is sourced from BSE and is 5 mins delayed data. Detailed information on Statutory Disclosure available on Terms of Use page. Disclosure: We have also not received any complaints in the past month regarding our services (refer table for data in SEBI prescribed format).

Disciplinary History: SEBI has not imposed any penalties against the company or its directors for any economic offence and / or for violation of any securities laws, either in respect to advisory services being offered by us, or any other matter related to capital market, as on date. We do not have any affiliation with any other intermediaries and we do not advise any broker to our clients for executing their trades as well. Clients are required to handle their funds on their own, with their respective stock brokers and they themselves are responsible for executing the trades at their own end.

#Aptus financial reviews professional#

We provide purely listed stocks advisory services only, to our clients, through this website only, by charging Subscription/Membership Fees, as our Professional charges and do not offer any execution or distribution services, of any nature whatsoever to our clients.

#Aptus financial reviews registration#

SPT Investment Advisory Services Private Limited, having its registered office at 6/40, Tardeo AC Market, Tardeo, Mumbai 400 034, is a SEBI Registered Investment Advisor (SEBI Registration Number: INA000000326 valid till ), owns and operates We have been operating this website since 2007 and got SEBI registration in 2013, when the Investment Advisor regulations were first introduced by SEBI. To know how it operates, read our article ‘ grey market premium’. Grey Market Premium (GMP) of Aptus Value Housing Finance: Grey Market Premium of Aptus Value is an unofficial figure, against guidelines of SEBI and we are strongly against it. Preferring asset quality over growth, we do not advise applying in expensively-priced IPO of Aptus Value Housing Finance. While Aptus’ founder pedigree (ex-Cholamandalam) is good, along with post-IPO holding of 24% and another 35% with investor-promoter Westbridge, valuation of 7x post-money PBV is sky-rocketing, especially since loan book stress will not decline overnight. When there is industry-wide stress, due to uncertain cash flows at borrower end, preservation of asset quality takes precedence over yields and growth rates. But Aptus’ incremental cost of borrowing of 8.5%, is 90 bps higher than Home First’s 7.6%, while it’s PBV multiple of 7.1x is double Home First’s 3.3x. Since Aavas’ PBV of 8.3x is not comforting, Aptus’ valuation is literally asking for the moon!Ĭoming to Home First, both Aptus and Home First have similar AUM size and same credit rating of A+.

20,400 cr, as against expected mcap of Rs. Rise in net NPAs for Aavas was lower from 0.71% (31.3.21) to 0.86% (30.6.21), and also Home First, from 1.20% to 1.40% respectively.ĭespite Aavas’ loan book being 2x Aptus, net NPAs nearly half (0.86%) and a better credit rating (AA-), Aavas’ mcap is at Rs. Post second wave, Aptus’ net NPA jumped over 3x to 1.69% (10.7.21) from 0.46% (31.3.21), bearing the maximum brunt. Thus, while Aptus’ yields and margins are higher than peers, its borrower profile is also much riskier and AUM more prone to asset quality swings due to higher lending towards LAP and business loans and lower mix of salaried borrowers. Moreover, 72% of Aptus’ loans are to self-employed and only 28% to salaried borrower, vis-à-vis 60% and 74% salaried borrowers for Aavas and Home First respectively. As against this, peers Aavas and Home First have a higher share of home loans, at 74% and 92% of AUM respectively, yielding ~13% on advances. 4,267 cr AUM, only 52% is home loans, while balance 48% is higher risk business loans and loan against property (LAP), taking company’s overall yields to +17%. IPO Date: Tue 10 th Aug to Thu 12 th Aug 2021 2,280 cr OFS, mainly by 4 PE funds, of which, 2 are making a complete exit