Shares of housing finance companies rose by up to 5 percent on July 10 after Bernstein initiated coverage on four listed firms with a largely positive view on the sector, citing structural growth opportunities and business model resilience.The brokerage has rated HomeFirst Finance (up 5.4%), Aptus Value Housing (up 2%), and Aadhar Housing Finance (up 1%) as ‘Outperform’, while assigning a ‘M...

The market continues to be fixated with order wins, as can be seen from the upbeat reaction whenever companies announce one. A healthy order book matters no doubt, but right now the Street appears to be ignoring the fact that execution matters too. And if the execution goes awry, it will have an immediate impact on profitability. Blue Star’s Managing Director B Thiagarajan made this point a coup...

Aptus IPO allotment date: Aptus Value Housing Finance India share allotment is likely to take place today. So, bidders who applied for Rs2,780.05 crore public issue are advised to check their Aptus IPO allotment status online by logging in at BSE website or at the website of official registrar of the IPO — KFintech Private Limited. Bidders can check their application status once the finalisation...

Chemplast Sanmar vs Aptus IPOs: Bidding for Chemplast Sanmar IPO and Aptus Value Housing Finance IPO is closed and both public issues have been oversubscribed from its respective initial offers. Aptus Value Housing Finance IPO got subscribed 17.20 times in its 3-day bidding from 10th to 12th August 2021 while Chemplast Sanmar IPO got subscribed 2.17 times. After closure of subscription, all eyes a...

Chemplast Sanmar and Aptus Value Housing Finance launched their initial public offerings (IPOs) on August 10 and the three-day share sale will close today. The four companies launching their initial share sales, including CarTrade and Nuvoco that had opened on Monday this week to raise over Rs14,628 crore collectively.The initial share sale of Chemplast Sanmar has been subscribed 0.52 times the fi...