|
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.
As of March 31, 2018-
-Mortgage loans including loans against property accounted for 22.44% of the company's Gross Loan Assets.
-60.40% of the Gross Loan Assets were from customers with earning less than Rs 50,000 per month.
-34.76% of the Gross Loan Assets were from customers who were new to credit.
-63.81% of Gross Loan Assets were from self-employed customers.
-Served over 57,000 customers since the commencement of its operations.
-A network of 165 branches spread across 92 districts in eight states. It has a significant presence in Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh.
-Employs 1,862 personnel in its operations.
Competitive Strengths-
1. Deep penetration in underserved rural and semi-urban markets
2. In-house customer sourcing models ensure optimal pricing and good asset quality
3. Robust Credit Assessment, Risk Management, and Collections Framework
4. Access to cost-effective long-term financing
5. Higher cost and management efficiencies owing to the adoption of technology and analytics
Particulars | For the year/period ended (in Rs. Millions) | ||||
---|---|---|---|---|---|
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 |
Particulars | For the year/period ended (in Rs. Millions) |
---|---|
31-Mar-18 | |
Total Assets | 38,174.01 |
Total Revenue | 4,572.71 |
Profit After Tax | 928.75 |
The Offer comprises a Fresh Issue by the Company and an Offer for Sale by the Shareholders.
The proceeds of the Offer for Sale will go to selling shareholders after deducting their portion of the Offer related expenses and relevant taxes thereon. The company will not receive anything from the proceeds of the offer for sale.
The Net Proceeds of the Fresh Issue will be utilized towards augmenting the company's capital base to meet the future capital requirements arising out of growth in the business.
Aavas Financiers IPO Date | Sep 25, 2018 to Sep 27, 2018 |
Aavas Financiers IPO Face Value | ₹10 per share |
Aavas Financiers IPO Price | ₹818 to ₹821 per share |
Aavas Financiers IPO Lot Size | 18 Shares |
Issue Size | 21,121,437 shares of ₹10 (aggregating up to ₹1,734.07 Cr) |
Fresh Issue | [.] shares of ₹10 (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 |
Company Promoters | The Promoters of the Company are Lake District and ESCL. They currently hold 35,261,756 Equity Shares, equivalent to 49.84% and 17,127,627 Equity Shares equivalent to 24.21% of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company. |
Aavas Financiers IPO opens on Sep 25, 2018, and closes on Sep 27, 2018. The Aavas Financiers IPO bid date is from Sep 25, 2018 10.00 A.M. to Sep 27, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.
Event | Date |
---|---|
Aavas Financiers IPO Opening Date | Sep 25, 2018 |
Aavas Financiers IPO Closing Date | Sep 27, 2018 |
Basis of Allotment | Oct 3, 2018 |
Initiation of Refunds | Oct 4, 2018 |
Credit of Shares to Demat | Oct 5, 2018 |
Aavas Financiers IPO Listing Date | Oct 8, 2018 |
The Aavas Financiers IPO lot size is 18 shares. A retail-individual investor can apply for up to 13 lots (234 shares or ₹192,114).
Application | Lots | Shares | Amount |
---|---|---|---|
Minimum | 1 | 18 | ₹14,778 |
Maximum | 13 | 234 | ₹192,114 |
Well, on prima-facie issue appears aggressively priced, but considering its unique business model and hugely untapped markets for such type of rural home loan financing, company holds bright prospects ahead. It can be considered as a High Risk-High Yield bet. Investors may consider it for long term investment. Read detail review...
The Aavas Financiers IPO is subscribed 0.97 times on Sep 27, 2018 6:30:01 PM. The public issue subscribed 0.25 times in the retail category, 2.77 times in the QIB category, and 0.26 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 2.77 |
NII | 0.26 |
Retail | 0.25 |
Total | 0.97 |
Listing Date | Monday, October 8, 2018 |
BSE Script Code | 541988 |
NSE Symbol | AAVAS |
Listing In | |
ISIN | INE216P01012 |
IPO Price | ₹821 per share |
Face Value | ₹10 per share |
|
|
|
Aavas Financiers Limited
201-202, 2nd Floor,
South End Square, Mansarover Industrial Area
Jaipur 302 020, Rajasthan,
Phone: +91 14 1661 8800
Email: ipo@aavas.in
Website: http://www.aavas.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aavas.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Review By | Subscribe | Neutral | Avoid |
---|---|---|---|
Brokers | 7 | 0 | 2 |
Members | 0 | 0 | 0 |
IPO Broker Recommendations
Lead Manager Reports
Aavas Financiers IPO is a main-board IPO of 21,121,437 equity shares of the face value of ₹10 aggregating up to ₹1,734.07 Crores. The issue is priced at ₹818 to ₹821 per share. The minimum order quantity is 18 Shares.
The IPO opens on Sep 25, 2018, and closes on Sep 27, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Aavas Financiers IPO opens on Sep 25, 2018 and closes on Sep 27, 2018.
Aavas Financiers IPO lot size is 18 Shares and the minimum order quantity is .
You can apply in Aavas Financiers IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aavas Financiers IPO will be done on Oct 3, 2018, and the allotted shares will be credited to your demat account by Oct 5, 2018. Check the Aavas Financiers IPO allotment status.
Useful Articles
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|