Aavas Financiers IPO Details

Issue Open Sep 25, 2018
Issue Close Sep 27, 2018
IPO Price ₹821
Face Value ₹10
IPO Size ₹1,734.07 Cr
Listing At BSE, NSE
IPO Lot Size 18
  1. This entrepreneur is on a mission to provide affordable home loans to 50k+ low and middle-income families

    Wed, 24 Feb 2021 16:54:00 GMT

    Manoj Viswanathan and his business partners started Home First to make home loans accessible to lower and middle-income families.

  2. Home First Finance IPO subscribed 1.25 times on Day 2 so far

    Thu, 21 Jan 2021 23:06:00 GMT

    Home First Finance's ongoing initial public offer (IPO) was subscribed more than one time on the second day of the bidding process so far. The Rs 1,153.71-crore issue received bids for 1,94,86,544 ...

  3. Home First Finance Company IPO subscribed 27 times, QIB portion booked 52 times on final day

    Mon, 25 Jan 2021 00:17:00 GMT

    Upon comparing Home First with its closest listed peer, Aavas Financiers, the brokerage observed ... she recommended investors to subscribe to this IPO for listing gains only.

  4. Blackstone-backed Aadhar Housing Finance files DRHP for big bang $1-billion IPO

    Sun, 24 Jan 2021 23:45:00 GMT

    Prior to Home First Finance, the last IPO in the domestic housing finance segment happened more than two years back when Jaipur-based Aavas Financiers launched a Rs 1,640-crore issue on October 25 ...

  5. Home First Finance Company

    Wed, 20 Jan 2021 08:52:00 GMT

    The initial public offer (IPO) consists of fresh issue to raise ... companies with focus on affordable housing segment, Aavas Financiers is trading P/Adj BV multiple of 6.8x, Repco Home Finance ...

  6. Use listing gains to exit Home First Finance

    Tue, 02 Feb 2021 16:00:00 GMT

    While its direct listed peer, Aavas Financier trades a premium ... Despite the huge untapped potential in the affordable housing finance space, the IPO of HFFC saw relatively lower demand from ...

  7. IPO Update: Last day to bid for Home First Finance IPO; Stove Kraft’s Rs 412 crore issue opens today

    Sun, 24 Jan 2021 21:53:00 GMT

    The third IPO of 2021, Home First Finance is just ... at post-money P/BV of 3.4x compared to its nearest competitor Aavas Financiers which trades at 6.8x on September BV. Stove Kraft opens ...

  8. Home First Finance lists at 19% premium

    Wed, 03 Feb 2021 03:06:00 GMT

    The issue is priced at post-money price to book value of 3.4 times compared to its nearest competitor Aavas Financiers which trades at 6.8 times on September," said Yes Securities in a note ahead ...

  9. BSE IPO INDEX

    Wed, 20 Jan 2021 02:29:00 GMT

    Mazagon Dock IPO: The shares of the country's largest defence company listed opened at Rs 216.25 on the BSE, up Rs 71.25 or 49 per cent compared to issue price of Rs 145 per share. Mazagon Dock ...

  10. IPO Watch: Indigo Paints issue subscribed 1.9 times so far; Home First Finance offer opens today

    Wed, 20 Jan 2021 21:15:00 GMT

    Hoping to tread on the same path, Home First Finance’s IPO will open for subscription today, making it the third offering of 2021 so far. Ahead of the issue, the firm has raised Rs 346 crore ...

  11. Breakingviews - Corona Capital: Blackstone in India, Swedish banks

    Wed, 27 Jan 2021 08:44:00 GMT

    Aadhar Housing Finance submitted documents ... book value of closest rival Aavas, Aadhar would be worth as much as $3.7 billion. That leaves Blackstone’s IPO with a solid foundation.

Aavas Financiers IPO Alerts

1. Aavas Financiers IPO Listing Date & Info  Friday, October 5, 2018 1:02:59 AM

The IPO Shares of Aavas Financiers Limited IPO are proposed to list on Monday, October 8, 2018 at BSE, NSE. The public issue of Aavas Financiers IPO was opened on Sep 25, 2018 and closed for subscription on Sep 27, 2018. Aavas Financiers IPO Listing Date and Information:

  • Listing Date: Monday, October 8, 2018
  • BSE Script Code:
  • NSE Symbol: AAVAS
  • Listing In:
  • ISIN: INE216P01012
  • Issue Price:
  • Face Value: 10

2. Aavas Financiers IPO Allotment Status  Thursday, October 4, 2018 4:39:22 AM

The allotment status of Aavas Financiers Limited IPO is now available online. The public issue of Aavas Financiers IPO was open on Sep 25, 2018 and closed for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE.

3. Aavas IPO subscribed 50% on Day 2  Wednesday, September 26, 2018 11:34:37 AM

Aavas Financiers’ initial public offering, which opened on Tuesday Sep 24th, has attracted strong demand from institutional investors, despite the challenging stock market conditions for housing finance companies.

Leading brokerages such as Kotak Securities, Motilal Oswal, Antique, ICICI Direct, Investec, Nirmal Bang, Aditya Birla Capital and Anand Rathi remain highly positive on the business, citing a strong management team, best-in-class operational metrics, and AU Small Finance Bank’s DNA. Unlike many other housing finance companies, Aavas has no exposure to risky assets such as developer funding or under-construction loans, and also has a positive asset-liability match.

This means that unlike HFCs funded only by short-term debt, Aavas has been prudent enough to secure long-term funding for its business (the company has zero reliance on commercial paper), and hence has no cause for concern on liquidity.

The Rs 1734cr issue is already 50% subscribed on Day 2, including 34 blue-chip anchor investors such as Abu Dhabi Investment Authority, Kuwait Investment Authority, Nomura, Wasatch, HSBC Halbis, Amundi SBI MF, Reliance MF, ICICI Prudential MF, Birla Sun Life MF, DSP MF, Kotak MF, etc.

Market commentators believe that this is one of the highest quality anchor books of all recent IPOs, matched only by that of HDFC AMC’s blockbuster IPO. Sources add that the current subscription levels of this issue are quite remarkable in the context of the current stock market environment for the industry, and are a testament to the long-term attractiveness of the business. As a result, the IPO is expected to sail through on its final day – the only one that will that looks like it will do so in these market conditions.

4. Aavas Financiers IPO Opens on Sep 25, 2018  Friday, September 14, 2018 5:44:04 AM

Aavas Financiers Limited is entering in the capital market with an IPO of [.] Equity Shares of Rs 10 aggregating up to Rs [.] Crore. The price for the issue has been set at Rs - Rs Per Equity Share.

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.

The issue opens on Sep 25, 2018 and closes for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE.

5. Aavas Financiers IPO Closes on Sep 27, 2018  Friday, September 14, 2018 5:44:04 AM

The issue of Aavas Financiers Limited opens on Sep 25, 2018 and closes for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE. The price for the issue has been set at Rs - Rs Per Equity Share.

Aavas Financiers IPO News & Events FAQs

  1. 1. When Aavas Financiers IPO expected date?

    The Aavas Financiers IPO is proposed to open on Sep 25, 2018. The IPO application ends on Sep 27, 2018.

  2. 2. How to purchase Aavas Financiers IPO?

    Retail investors can apply in the retail or non-institutional investor category from Sep 25, 2018 to Sep 27, 2018. The Aavas Financiers IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).

  3. 3. When Aavas Financiers IPO will come?

    The Aavas Financiers IPO will open for subscription on Sep 25, 2018. The public issue will close on Sep 27, 2018.


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