Aptus Value a play on affordable housing, but IPO not cheap: Analysts


Aptus Value a play on affordable housing, but IPO not cheap: Analysts

52 per cent of Aptus Value's loan portfolio comes from Tamil Nadu, and past experiences of Repco and Can Fin Home suggest that slowdown in home states impact growth as well as profitability for regional HFCs.

The business of the company, promoted by state-owned Punjab National Bank (PNB), has been hit by the second COVID wave. The company has reduced its corporate book by 25 per cent since March 2020. At some stage, the company would like to take a decision on the size of corporate lending, Prasad said, adding that it was essential to have some amount of builder finance.


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