Aavas Financiers IPO, Review, IPO Performance by IPOPlatform India

About Aavas Financiers

Company Information

Aavas Financiers Limited is a retail affordable housing finance provider, primarily catering to low and middle-income self-employed customers in semi-urban and rural areas of India, where access to formal banking credit is often limited. According to an ICRA report, the company had the lowest Gross Non-Performing Assets (GNPAs) as of March 31, 2018, and achieved the second-highest growth rate in assets under management (AUM) over the last three financial years among affordable housing finance companies with AUM between '25 billion and '200 billion.
The company offers a range of home loan products, including loans for purchasing or constructing residential properties, as well as loans for the extension and repair of existing homes. The majority of the home loans disbursed were for single-unit properties to be

Object of Issue

The proceeds of the Offer for Sale will go to selling shareholders after deducting their portion of the Offer related expenses and relevant taxes thereonThe 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 MainBoard IPO Details (at the time of IPO)

IPO Type :

Book Building

IPO Date :

Oct, 2018

IPO Size :

1734.07 Cr.

IPO Subscription :

0.97 X

PE Multiple :

56.00

Merchant Banker :
Citigroup Global Markets India Private Limited

IPO Registrar:
Link Intime India Private Limited

FAQs

1. What is Aavas Financiers IPO?

Aavas Financiers operates in Banking And Finance and Housing Finance. The Issue is listed on MainBoard in Oct, 2018. Aavas Financiers IPO size was 1734.07 Cr. with Issue price of 821.00 .

2. Who is the merchant banker of Aavas Financiers IPO?

Merchant Banker(s) of Aavas Financiers IPO: Citigroup Global Markets India Private Limited , Edelweiss Financial Services Limited , Hdfc Bank Limited , ICICI Securities Limited

3. How many times Aavas Financiers IPO was subscribed?

Aavas Financiers IPO subscription was 0.97 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

4. What is the listing price of Aavas Financiers IPO?

Aavas Financiers IPO listed at a listing price of 773.15 against the offer price of 821.00.

5. What is the current market price of Aavas Financiers IPO?

The current market price of Aavas Financiers is 1666.10.