The Au Financiers IPO date has been confirmed to have started on June 28, 2017 and ended on June 30, 2017.
Using an IPO, Au Financiers is seeking to raise Rs 1,912.51 crore. Its price band is set at ₹355 to ₹358 per share. The minimum lot size for an application is 41 shares. The minimum amount of investment required by retail investors is ₹14,678.
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Bidding Dates
June 28-30
Price Range
₹355 to ₹358 per share
Face Value
₹10 per share
GMP
₹722.20
Au Financiers IPO GMP
The Au Financiers Limited IPO GMP is ₹722.20.
IPO Overview
The Au Financiers IPO is a book-built offering for Rs 1,912.51 crore. The offering consists fully of 5.34 crore shares for sale. Bidding for the Au Financiers IPO began on June 28, 2017 and finished on June 30, 2017. The Au Financiers IPO allotment was completed on Wednesday, July 5, 2017. On July 10, 2017, the shares were listed on the BSE and NSE. The Au Financiers IPO price range is set at 355–358 per share. An application requires a minimum lot size of 41 shares. Retail investors must make a minimum investment of $14,678.
On December 20, 2016, Au Financiers received an RBI license for Small Finance Bank (SFB). This company is planning to offer a diverse suite of banking products in the near future.
Key Timelines of Au Financiers:
- 1996: Incorporated in Jaipur, Raj
- 2000: Registered as an NBFC with the RBI
- 2005: Became a commercial associate of HDFC Bank for originating and servicing vehicle loans
- 2007: Started MSME loans
- 2011: Started housing finance
- 2012: Started SME loans
- 2016: Received a license from the RBI to set up a ‘small finance bank’ (SFB).
As of December 31, 2016, the company had 300 branches spread across 10 states and one union territory in India, with a significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh, and employed 6,092 personnel serving 270,692 active loan accounts.
Competitive Strengths
- Diversified Product Portfolio and Revenue Streams
- Customer-Centered Organizational Commitment
- Significant Presence in Rural and Semi-Urban Markets with Focus on Low and Middle-Income Customers
- Robust and Comprehensive Credit Assessment and Risk Management Framework
- Access to Diversified Sources of Funding over the Years
Au Financiers IPO Details
| IPO Date | June 28, 2017 to June 30, 2017 |
| Listing Date | July 10, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹355 to ₹358 per share |
| Lot Size | 41 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,912.51 Cr) |
| Offer for Sale | 53,422,169 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Au Financiers Company Financials
| Particulars | For the year or period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 98,176.41 | 62,730.09 | 39,799.04 | 29,585.91 | 31,128.10 | |
| Total Revenue | 14,305.21 | 10,519.50 | 6,894.08 | 5,713.20 | 4,130.84 | |
| Profit After Tax | 8,427.13 | 2,471.54 | 1,394.50 | 725.40 | 693.58 | |
Au Financiers IPO Timeline
| IPO Open Date | Wednesday, June 28, 2017 |
| IPO Close Date | Friday, June 30, 2017 |
| Basis of Allotment | Wednesday, July 5, 2017 |
| Initiation of Refunds | Thursday, July 6, 2017 |
| Credit of Shares to Demat | Friday, July 7, 2017 |
| Listing Date | Monday, July 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 30, 2017 |
Company Profile
Au Financiers (India) Ltd, founded in 1996, is a non-banking finance company established in Jaipur, Rajasthan, that focuses on the retail segment, supporting low and middle income individuals and enterprises with limited or no access to official banking and finance channels. Au Financiers operate in 3 business lines:
- Vehicle finance
- Micro, small and medium enterprises (MSMEs) loans
- Small and medium enterprises (SMEs) loans
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | aufin.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Au Financiers (India) Limited |
| Phone number | +91 141 4110060 |
| Email ID | ipo@aufin.in |
| Website | www.aufin.in |
IPO Strenghts
- 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.