Aavas Financiers Limited
Credit of Shares to Demat
Cut off time for UPI Mandate Confirmation
Minimum Order Quantity
Aavas Financiers Limited is engaged in finance segments that provide affordable housing finance to low and middle-income self-employed customers that are spread across rural and semi-urban areas in India. According to ICRA Report the company has lowest GNPA’s as of 31st March 2018 and has the second highest growth rate of assets under management for the three financial years constantly.
Date of Establishment: The company was incorporated as ‘Au Housing Finance Private Limited’ on 23rd of February 2011 at Rajasthan. Thereafter the company was reformed to public limited company renamed to ‘Aavas Financiers Limited’ on 29th March 2017.
Promoters of Aavas Financiers Limited IPO: Lake District Holdings Limited and Partners Group ESCL Limited are the promoters of Aavas Financiers Limited.
Products and Services Offering: The company provides its clients with home loans for the purchase and construction of residential properties and also provides loans for extension and repair of the existing housing units. Besides this, it also provides other mortgage loans which consist of loan against property. In addition to this, it has developed new products and strategies such as ‘Aavas Plus’, ‘Aavas Refresh’ and ‘Aavas Winback’.
Customer Segments: The clientele base is spread across the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Haryana and Uttar Pradesh among others.
Objects of Aavas Financiers Limited IPO: The core objective of Aavas Financiers Limited IPO are:
- The Offer For Sale by selling stakeholders.
- The Net proceeds from fresh issue shall be utilised towards augmenting its capital base.
Note: The company will not receive any proceeds from Offer for Sale.
Summary of Financial Information (Restated)
For the year/period ended (in Rs. Millions)
Profit After Tax
Yes, you can always trade an IPO through a discount broker. Buying & selling an IPO becomes very easy once the trading and the demat account are set up appropriately.
Following are the benefits in buying and selling an IPOs through a discount broker. Reduced Brokerage Fee: Discount brokers charge a flat brokerage which is missing in case of full service brokers. Full service brokers usually charge %age brokerage and this incurs a lot of cost to an investors. So if any full service broker charge a brokerage of let say 0.03% then on a purchase of shares of worth of Rs 200,000 you end up paying Rs 600+ Taxes. In our case we charge a flat brokerage of Rs 20 + Taxes. Discount brokers therefore saves a lot of money of investors. Better Trading Platform: Usually discounts brokers don’t provide a good trading platform and experience but there are few discounts brokers like Samco, who are now focussing on delivering a world class trading platform and top notch user experience. Therefore narrowing down the gap between discount brokers and full service brokers.
Technically Speaking, SEBI has made mandatory to buy an IPO through ASBA channel but there is no regulation on how any investor can sell an IPO allotted shares. Therefore, smart investors can always sell IPO allotted shares through a discount broker
This is very easy, you need to do the following to buy and sell IPOs hasslefree with a discount broker. Open a trading & demat account with a discount broker. Open a trading account with a full service broker like banks which are offer IPO buying through ASBA route. While filling up the information for the demat account while opening an account with a bank, you need to give the details of demat account which is with the discount broker. Once your demat account is linked with the trading account of the bank then you simply buy and sell IPO. Investors need to understand that almost all brokers don’t charge any annual fee for trading account therefore having multiple trading accounts linked to a single demat account won’t incur any cost to investors. ,
You need to submit the following documents for opening an account with Samco : Photograph PAN Card Bank Details – Cancelled cheque or Bank Statement/Passbook copy Aadhar Card (or alternative address proof such as Drivers license, Voter ID, etc) Proof of Income (6 months bank statement or ITR Return or 3 months salary slip)