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Banking and Finance
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Avanse Financial Services is an education focused non-banking financial company operating in India, and according to the CRISIL MI&A Report, as of March 31, 2024, they are the second largest education focused NBFC in India by assets under management. According to the CRISIL MI&A Report, they also have the second highest disbursements during the Financial Year 2023 and recorded the second highest profit after tax in Financial Year 2024 among education focused NBFCs in India. According to the CRISIL MI&A Report's description of their business, they offer a full stack education offering with products ranging from education loans for students to growth capital for education institutions through education infrastructure loans. Through their student-loans 3 international and their education loans 3 domestic businesses, they provide loans and other value added services to Indian students and professionals who are admitted to study overseas or at domestic institutions. They also provide collateral-backed financing to private educational institutions in India. Their AUM has increased from Rs. 48,356.09 million as of March 31, 2022, to Rs. 86,460.68 million as of March 31, 2023 and Rs. 133,030.47 million as of March 31, 2024, growing at a CAGR of 65.86% between March 31, 2022 and March 31, 2024. Further, their total income increased to Rs.17,288.06 million for the Financial Year 2024 from Rs. 9,902.29 million for the Financial Year 2023 and Rs. 5,085.41 million for the Financial Year 2022, and their net profit for the year increased to Rs. 3,424.03 million for the Financial Year 2024 from Rs. 1,577.11 million for the Financial Year 2023 and Rs.632.07 million for the Financial Year 2022.
Link Intime India Private Limited
Avanse Financial Services operates in Banking and Finance and . The Issue would be listed on MainBoard. The registrar of the Issue is Link Intime India Private Limited. The IPO type of Avanse Financial Services is Book Building Process and Object of issue is
Merchant Banker of Avanse Financial Services IPO is Avendus Capital Private Limited , J.P. Morgan India Private Limited , Kotak Mahindra Capital Company Limited , Nomura Financial Advisory And Securities (India) Private Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited
The DRHP (Draft Red Herring Prospectus) of Avanse Financial Services IPO was filed on 31 Jul 2024.
No, Avanse Financial Services IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Avanse Financial Services are not available now. You can apply in Avanse Financial Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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