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Au Financiers IPO is a book built issue of Rs 1,912.51 crores. The issue is entirely an offer for sale of 5.34 crore shares.
Au Financiers IPO bidding started from June 28, 2017 and ended on June 30, 2017. The allotment for Au Financiers IPO was finalized on Wednesday, July 5, 2017. The shares got listed on BSE, NSE on July 10, 2017.
Au Financiers IPO 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.
Citigroup Global Markets India Private Limited, Hdfc Bank Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers of the Au Financiers IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Au Financiers IPO RHP for detailed information.
| 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 IPO offers 37,695,520 shares. 10,484,434 (27.81%) to QIB, 7,863,326 (20.86%) to NII, 18,347,760 (48.67%) to RII, 1,000,000 (2.65%) to employees. 447,506 RIIs will receive minimum 41 shares and (sNII) and (bNII) will receive minimum 574 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 10,484,434 (27.81%) | NA |
| NII (HNI) Shares Offered | 7,863,326 (20.86%) | |
| Retail Shares Offered | 18,347,760 (48.67%) | 447,506 |
| Employee Shares Offered | 1,000,000 (2.65%) | NA |
| Total Shares Offered | 37,695,520 (100%) |
Au Financiers IPO opens on June 28, 2017, and closes on June 30, 2017.
| 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 |
Investors can bid for a minimum of 41 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,678 |
| Retail (Max) | 13 | 533 | ₹190,814 |
| Lot Size Calculator | |||
Incorporated in 1996, Au Financiers (India) Ltd is Jaipur Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.
Au Financiers operate in 3 business lines:
1. Vehicle finance
2. Micro, small and medium enterprises (MSMEs) loans
3. Small and medium enterprises (SMEs) loans
On December 20, 2016, Au Financiers received RBI license for Small Finance Bank (SFB). With this company is planning to offer a diverse suite of banking products in 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, company had 300 branches spread across 10 states and one union territory in India, with 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 Centric 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
| Particulars | For the year/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 | |
[Dilip Davda] Even though issue appears fully priced, investors may consider investment for short to long term in this niche player that is poised for better prospects ahead. Read detail review...
The Au Financiers IPO is subscribed 53.60 times on June 30, 2017 5:00:00 PM. The public issue subscribed 3.52 times in the retail category, 78.77 times in the QIB category, and 143.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 78.77 |
| NII | 143.51 |
| Retail | 3.52 |
| Employee | 1.45 |
| Total | 53.60 |
| Listing Date | July 10, 2017 |
| BSE Script Code | 540611 |
| NSE Symbol | AUBANK |
| ISIN | INE949L01017 |
| Final Issue Price | ₹358 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹358.00 |
| ₹525.00 |
| ₹506.80 |
| ₹545.00 |
| ₹541.20 |
| NSE |
|---|
| ₹358.00 |
| ₹530.00 |
| ₹523.70 |
| ₹547.00 |
| ₹541.65 |
Au Financiers (India) Limited
19 - A Dhuleshwar Garden,
Ajmer Road,
Jaipur - 302001
Phone: +91 141 4110060
Email: ipo@aufin.in
Website: http://www.aufin.in
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: aufin.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Au Financiers IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,912.51 Crores. The issue is priced at ₹355 to ₹358 per share. The minimum order quantity is 41 Shares.
The IPO opens on June 28, 2017, and closes on June 30, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Au Financiers IPO opens on June 28, 2017 and closes on June 30, 2017.
Au Financiers IPO lot size is 41 Shares, and the minimum amount required is ₹14,678.
You can apply in Au 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Au Financiers IPO will be done on Wednesday, July 5, 2017, and the allotted shares will be credited to your demat account by Friday, July 7, 2017. Check the Au Financiers IPO allotment status.
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