Delhi | Mumbai, IndiaCyril Amarchand Mangaldas\u00a0advised Aptus Value Housing Finance India Limited (Aptus) and the individual promoter selling shareholder in relation to the Initial Public Offering (IPO) of INR 2780 crore offer comprising of issue of fresh equity aggregating to INR 500 crore and Offer For Sale (OFS) aggregating to INR 2280 crores. The IPO was the second largest IPO ever by a housing finance company in India.<\/p>\n
The Capital Markets team of Cyril Amarchand Mangaldas advised on the IPO. The deal Team was led by\u00a0Reuben Chacko, Partner; with support from\u00a0Rohit Tiwari, Principal Associate;\u00a0Akshay Singh Ralhi, Senior Associate – Designate;\u00a0Shrikrishna Upadhyaya, Associate; and\u00a0Pragya Gupta, Associate.<\/p>\n
As a part of the IPO, Aptus raised INR 2,780.052 crores through and IPO of 78,755,000 equity shares of face value of INR 2 each, for cash at a price of INR 353 per Equity Share (including a share premium of INR 351 per Equity Share). It comprised of a fresh issue of 14,164,305 equity shares aggregating to INR 500 crore, and an OFS of 64,590,695 equity shares aggregating to INR 2,280.52 crores together\u00a0by one of the individual promoters, namely, Mrs. Padma Anandan; certain WestBridge Capital funds; and certain other investors and individual selling shareholders, including Granite Hill and Madison India.<\/p>\n
Other parties involved in the Transaction\u00a0included:<\/p>\n
ICICI Securities Limited (Acted as Book Running Lead Manager (BRLM) to the Issue)
\nCitigroup Global Markets India Private Limited (Acted as BRLM to the Issue)
\nEdelweiss Financial Services Limited (Acted as BRLM to the Issue)
\nKotak Mahindra Capital Company (Acted as BRLM to the Issue)
\nThe Transaction was signed on February 12, 2021 and was closed on August 24, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
Delhi | Mumbai, IndiaCyril Amarchand Mangaldas\u00a0advised Aptus Value Housing Finance India Limited (Aptus) and the individual promoter selling shareholder in relation to the Initial Public Offering (IPO) of INR 2780 crore offer comprising of issue of fresh equity aggregating to INR 500 crore and Offer For Sale (OFS) aggregating to INR 2280 crores. The IPO […]<\/p>\n","protected":false},"author":1,"featured_media":61027,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[47671,47670],"class_list":["post-61026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-aptus-value-housing-on-its-ipo","tag-cyril-amarchand-mangaldas-advised-aptus-value-housing-on-its-ipo"],"yoast_head":"\n