Aavas Financiers Limited IPO

Add to Calendar 2018-09-25 12:00 AM 2018-09-27 12:00 AM Asia/Kolkata Aavas Financiers Limited IPO Aavas Financiers Limited India

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.

Company Financials:

Summary of Financial Information (Restated)

Particulars

For the year/period ended (in Rs. Millions)


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

3 ,174.52

2 ,506.06

1 ,107.79

8 523.83

4 179.23

Total Revenue

4 572.45

3 054.92

1 908.99

1 037.55

5 3.22

Profit After Tax

9 9.33

5 1.37

3 7.8

1 0.81

63.37

Issue Detail

  • Issue Open: Sep 25, 2018
  • Issue Close: Sep 27, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 818 - Rs 821 Per Equity Share
  • Bid Lot:18 Shares
  • Minimum Order Quantity:18 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 1,734.07 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 4,224,293 3,168,220 7,392,514 - - 14,785,027
Day 1 - Sep 25, 2018IST 0.12x 0.00x 0.02x - - 0.04x
Day 2 - Sep 26, 2018IST 0.81x 0.12x 0.07x - - 0.29x
Day 3 - Sep 27, 2018IST 2.77x 0.26x 0.25x - - 0.97x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 821 Rs 821.00
Open Rs 758.00 Rs 750.00
Low Rs 710.00 Rs 710.05
High Rs 787.50 Rs 787.00
Last Trade Rs 773.15 Rs 774.35
Volume 496,064 35,34,258

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