IPO update: Aptus Value Housing Finance

Aptus Value Housing Finance came out with its IPO about five months ago. Value Research's analysis of the IPO can be found here. This follow-up article focuses on the IPO's performance, post-IPO events, and changes in its valuation since then. Our analysis of the IPO We gave a score of 10 out of 21 to this housing financier when it came out with its IPO. Aptus Value Housing Finance provides home loans primarily to low- and middle-income customers, and it primarily addresses the needs of self-employed from semi-urban and rural markets. The company offers home loans to purchase and self-construct residential property, home improvement and extension loans, loans against property and business loans. It does not provide loans to builders or for commercial real estate. The company conducts all aspects of its lending operations in-house, including sourcing, underwriting, valuation, and legal assessment of collateral and collections, enabling it to maint