The Au Financiers IPO date has been confirmed to have started on June 28, 2017, and ended on June 30, 2017. Read the post to learn about Au Financiers IPO GMP
Using an Au Financiers IPO is seeking to raise Rs 1,912.51 crore. Its price band is set at ₹355 to ₹358 per share. The application requires a minimum lot size of 41 shares. Retail investors require a minimum investment of ₹14,678.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Au Financiers IPO:
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 Today is ₹722.20.
Au Financiers IPO Overview
Au Financiers’ IPO is a book-built offering for Rs 1,912.51 crore. The whole offering comprises 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 allocation closed on Wednesday, July 5, 2017. On July 10, 2017, the shares debuted on the BSE and NSE. The Au Financiers IPO price range is set at 355-358 per share. An application must have a minimum lot size of 41 shares. Retail investors must invest at least $14,678.
On December 20, 2016, Au Financiers acquired an RBI Small Finance Bank (SFB) licence. The Au Financiers Limited IPO GMP Today is ₹722.20. This firm intends to offer a varied range 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: Joined HDFC Bank as a commercial associate, originating and servicing auto 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 corporation had 300 branches scattered over ten Indian states and one union territory, with a substantial presence in the states of Rajasthan and 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 a focus on low and middle-income customers.
- A robust and comprehensive credit assessment and risk management framework
- Access to Diversified Sources of Funding throughout Time
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 engage in three 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 | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Au Financiers (India) Limited |
| Phone number | +91 141 4110060 |
| Email ID | [email protected] |
| Website | www.aufin.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
- Customers from the United States are heavily relied on.
- To achieve compliance, these countries need strict adherence to many rules and regulations.
- Competition from other players in the market.
Au Financiers IPO FAQs
When Au Financiers IPO will open?
The Au Financiers IPO opens on June 28, 2017 and closes on June 30, 2017.
What is the lot size of Au Financiers IPO?
Au Financiers IPO lot size is 41 Shares, and the minimum amount required is ₹14,678.
When is Au Financiers IPO listing date?
The Au Financiers IPO listing date is on July 10, 2017.
Leave a Reply