Aavas Financiers Limited IPO bidding started from September 25, 2018 and ended on September 27, 2018.
Aavas Financiers IPO is a book built issue of Rs 1,734.07 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 1.62 crore shares. Aavas Financiers IPO price band is set at ₹818 to ₹821 per share. The minimum lot size for an application is 18 Shares. The minimum amount of investment required by retail investors is ₹14,778.
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Bidding Dates
Sep 25-27
Price Range
₹818 to ₹821 per share
Face Value
₹10 per share
GMP
₹1,438
Aavas Financiers Limited IPO GMP
The Aavas Financiers Limited IPO GMP is ₹1,438.
IPO Overview
Aavas Financiers IPO is a book built issue of Rs 1,734.07 crores. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 1.62 crore shares.
Aavas Financiers IPO bidding started from September 25, 2018 and ended on September 27, 2018. The allotment for Aavas Financiers IPO was finalized on Wednesday, October 3, 2018. The shares got listed on BSE, NSE on October 8, 2018.
Aavas Financiers IPO price band is set at ₹818 to ₹821 per share. The minimum lot size for an application is 18 Shares. The minimum amount of investment required by retail investors is ₹14,778.
Aavas Financiers Limited IPO Details
| IPO Date | September 25, 2018 to September 27, 2018 |
| Listing Date | October 8, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹818 to ₹821 per share |
| Lot Size | 18 Shares |
| Total Issue Size | 21,121,437 shares (aggregating up to ₹1,734.07 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 16,249,359 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Aavas Financiers Limited Financial Information
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
| Total Assets | 38,174.52 | 24,506.06 | 17,107.79 | 8,523.83 | 4,179.23 |
| Total Revenue | 4,572.45 | 3,054.92 | 1,908.99 | 1,037.55 | 543.22 |
| Profit After Tax | 929.33 | 571.37 | 327.80 | 190.81 | 63.37 |
Aavas Financiers Limited IPO Timeline
| IPO Open Date | Tuesday, September 25, 2018 |
| IPO Close Date | Thursday, September 27, 2018 |
| Basis of Allotment | Wednesday, October 3, 2018 |
| Initiation of Refunds | Thursday, October 4, 2018 |
| Credit of Shares to Demat | Friday, October 5, 2018 |
| Listing Date | Monday, October 8, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2018 |
Company Profile
Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India. The Company is registered with the NHB as an HFC.
As per an ICRA Report, Aavas Financiers had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of AUM for the last three financial years, among affordable housing finance companies with AUM between Rs 25 billion
and Rs 200 billion. The company offers home loans to its customersfor the purchase or construction of residential properties, and for the extension and repair of existing homes. In addition to home loans, it offers other mortgage loans including loans against property.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | aavas.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Aavas Financiers Limited |
| Phone number | +91 14 1661 8800 |
| Email ID | ipo@aavas.in |
| Website | aavas.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
