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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
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  1. Moneycontrol News

    Wed, 02 Dec 2020 02:28:00 GMT

    Weak Listing: Aavas Financiers debuts at Rs 746, 9% discount to IPO price The listing was on expected lines due to weak market conditions and sharp correction in NBFCs including housing finance ...

  2. Aavas Financiers Ltd.

    Wed, 08 Dec 2021 16:00:00 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 ...

  3. Top 5 Stocks Where FII Holding is Higher than Promoter Holding

    Wed, 22 Dec 2021 02:33:00 GMT

    1 Aavas Financiers In the September 2021 quarter, FII holding in Aavas Financiers surpassed its promoter holding. As of September 2021, promoter holding in the housing finance company stood at 39.22%.

  4. UK fund rakes in moolah from India; gains over 31% after investing in Indian cos

    Thu, 23 Dec 2021 19:43:00 GMT

    The fund, which doubled in size during the past year, also has stakes in Aavas Financiers Ltd., a lender to small businesses and consumers, as well as CG Power and Industrial Solutions Ltd., a ...

  5. Hold AU Small Finance bank; target of Rs 1275: Emkay Global Financial

    Mon, 03 Jan 2022 16:00:00 GMT

    AU Small Finance Bank reported healthy overall AUM ... Unlike last year, the bank will not have one-off gains from the Aavas Fin stake sale, but we believe the bank should use healthy core ...

  6. Garden Reach Shipbuilders & Engineers Ltd leads losers in A group

    Mon, 10 Jan 2022 11:25:00 GMT

    Ipca Laboratories Ltd, Coforge Ltd, JK Lakshmi Cement Ltd and AAVAS Financiers Ltd are among the other losers in the BSEs A group today, 10 January 2022. Ipca Laboratories Ltd, Coforge Ltd ...

  7. Volumes soar at Ajanta Pharma Ltd counter

    Mon, 20 Dec 2021 11:59:00 GMT

    AAVAS Financiers Ltd, Phoenix Mills Ltd, Varun Beverages Ltd, Fine Organic Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 20 December 2021. Ajanta Pharma Ltd ...

  8. Institutional investors favour all 37 resolutions since November 26: IiAS

    Mon, 06 Dec 2021 13:36:00 GMT

    Home First Finance Company India's appointment of independent director and Mangalore Refinery & Petrochemicals' merger of wholly-owned subsidiary ONGC Mangalore Petrochemicals with itself ...

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

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

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).

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