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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. Aavas Financiers $239 million IPO gets tepid response

    Thu, 21 May 2020 17:00:00 GMT

    Investors bid for 13.4 million shares of Aavas Financiers, which was earlier knows ... range of 818 rupees to 821 rupees a share in the IPO. ICICI Securities and Citigroup Global Markets India ...

  2. choice broking

    Mon, 18 May 2020 00:31:00 GMT

    Choice Broking has come out with its report on Aavas Financiers. The research firm has recommended to "Subscribe" the IPO in its research report as on September 20, 2018. Choice Broking has come ...

  3. BSE IPO INDEX

    Thu, 21 May 2020 03:29:00 GMT

    Ujjivan Small Finance Bank Limited has proposed an initial public offer (IPO) worth Rs 1,200 crore, its promoter Ujjivan Financial Services Limited said on Friday. Ujjivan Small Finance Bank's ...

  4. Aavas Financiers Ltd

    Wed, 11 Dec 2019 07:43:00 GMT

    Aavas Financiers Ltd Files For IPO June 21 (Reuters) - Aavas Financiers Ltd::AAVAS FINANCIERS LIMITED FILES FOR IPO - FILING.AAVAS FINANCIERS - IPO COMPRISES OF FRESH ISSUE OF SHARES WORTH UP TO 4 ...

  5. India Equity House

    Thu, 17 Oct 2019 00:45:00 GMT

    The Rs17bn IPO of housing finance company Aavas in September was especially challenging. The float coincided with a sharp sell-off in Indian non-bank finance companies, following the default of ...

  6. As Moneycontrol Pro turns 1, a note to readers from the Research Team

    Fri, 01 May 2020 06:48:00 GMT

    The team is manned by professionals with a rich mix of sell-side broker research and buy-side money management experience, and we view ourselves more as financial advisors to investors (needless ...

  7. Markets Live: Sensex sheds 110 points; Tata Motors drops 3.15%, Wipro 2.9%

    Tue, 25 Sep 2018 20:58:00 GMT

    The initial public offer of housing finance company Aavas Financiers was subscribed 0.03 times on the second day of bidding today. The IPO to raise ₹ 1,734 crore received bids for 4,36,320 ...

  8. Aavas Financiers Limited - Analysts/Institutional Investor Meet/Con. Call Updates

    Sun, 10 May 2020 23:05:00 GMT

    Aavas Financiers Limited has informed the Exchange regarding Analysts/Institutional Investor Meet/Con. Call Updates In compliance with SEBI (Listing Obligations and Disclosure Requirements ...

  9. AAVAS Financiers - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    Fri, 22 May 2020 03:07:00 GMT

    In reference to letter No. AAVAS/SEC/2020-21/033 dated May 12, 2020, please find attached the Transcript in respect to the Earning Conference Call on the Financial and Operational Performance of ...

  10. Aavas Financiers gains post Q4 nos; board approves raising Rs3,500cr via debt

    Thu, 14 May 2020 21:53:00 GMT

    AAVAS Financiers reported a net profit of Rs59.73cr, up by 9.94% yoy in the quarter ended March 2020 as against Rs54.33cr during the previous quarter ended March 2019. Total revenue from ...

  11. Aavas Financiers Ltd.

    Mon, 25 May 2020 23:24:00 GMT

    Sundaram Emerging Small Cap Series V Regular Plan Growth 2.78 Sundaram Emerging Small Cap Series IV Regular Plan Growth 2.78 Sundaram Emerging Small Cap Series III Regular Plan Growth 2.77 ...

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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