Aavas Financiers Limited IPO bidding started from September 25, 2018 and ended on September 27, 2018. Read the post to learn about Aavas Financiers Limited IPO GMP.
Aavas Financiers IPO is a book erected issue of Rs 1,734.07 crores. The issue comprises of fresh issue of Rs400.00 crore and offer for trade of1.62 crore shares. Aavas Financiers IPO price band is set at ₹ 818 to ₹ 821 per share. The minimal lot size for an operation is 18 Shares. The minimal quantum of investment needed by retail investors is ₹ 14,778.
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Key Details Of Aavas Fianciers Limited IPO:
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 Today is ₹1,438.
Aavas Financiers Limited IPO Overview
Aavas Financiers IPO is a book erected issue of Rs 1,734.07 crores. The issue comprises of fresh issue of Rs400.00 crore and offer for trade of1.62 crore shares.
Aavas Financiers IPO bidding started from September 25, 2018 and ended on September 27, 2018. The allotment for Aavas Financiers IPO was perfected 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 minimal lot size for an operation is 18 Shares. The minimal quantum of investment needed 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 grounded Aavas Financiers Limited is a company engaged in the business of furnishing retail, affordable casing finance to low and middle income tone employed guests insemi-urban and pastoral areas in India. The Company is registered with the NHB as an HFC.
As per an ICRA Report, Aavas Financiers had the smallest GNPAs as of March 31, 2018 and the alternate loftiest growth rate of AUM for the last three fiscal times, among affordable casing finance companies with AUM between Rs 25 billion and Rs 200 billion.
The company offers home loans to its customers for the purchase or construction of domestic parcels, and for the extension and form of being 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 | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Aavas Financiers Limited |
| Phone number | +91 14 1661 8800 |
| Email ID | [email protected] |
| 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.
Aavas Financiers Limited IPO FAQs
When Aavas Financiers IPO will open?
The Aavas Financiers IPO opens on September 25, 2018 and closes on September 27, 2018.
What is the lot size of Aavas Financiers IPO?
Aavas Financiers IPO lot size is 18 Shares, and the minimum amount required is ₹14,778.
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