aawas-financiers-limited-ipoAavas Financiers Limited is likely to bring its IPO soon on both of the Exchange i.e. Bombay Stock Exchange and National Stock Exchange. The interested clients can retrieve all relevant information as Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulator SEBI (Securities Board of India).

The IPO is scheduled for Sep 25, 2018 with a price band of Rs. 818- Rs.821 per equity share. The lot size of applying the IPO is for 18 shares. One can apply via ASBA to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

Company profile:-

The company was incorporated on February 23, 2011 at Jaipur-Rajasthan, India. The firm is registered with the NHB as an HFC. It is one of the retail, affordable housing finance company which helps to provide loans mainly to those customers who is low and middle income self employed in semi-urban and rural areas in India. Most of its clients have limited access to formal banking credit. It sanctions the loans to fulfill the requirements for the buying or construction, extension or repair of residential properties. The company handles approx. 57,000 existing customers. It follows the strategy of contiguous on ground expansion across regions. Currently, it runs total 165 branches across 92 districts in 8 states as per the record of March 31, 2018. It focuses to adopt higher technology systems investing Rs. 150.45 million as of now. It secures and gets its capital from different types of income sources like term loans and working capital facilities; proceeds from loans assigned and securitized; proceeds from the issuance of non-convertible debentures (“NCDs”); refinancing from the National Housing Bank (“NHB”); and subordinated debt borrowings from banks, mutual funds, insurance companies and other domestic, foreign and multi-lateral financial institutions.

Positive Outlook of the Firm:-

  1. Leading strong distribution networks serving underserved customers in rural and semi-urban markets,
  2. In-house sourcing model leading to superior business outcomes,
  3. Strong and valuable credit assessment, risk management and collections framework,
  4. Various sources of finance and cost-effective long-term financing,
  5. Manage strong technology systems for its effective operational & management functions,
  6. Qualified and educated management and working team,

Objects Of The Issue:-

The issue includes a Fresh Issue and Offer For sale by the Selling Shareholders:

  • Offer For Sale:- All the Selling Shareholders will be responsible to its respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses and relevant taxes thereon.
  • Fresh Issue:- The Net Proceeds of the Fresh Issue will be used towards augmenting its capital base for its future capital requirements arising out of growth in its business.

Summary Of Issue:

Issue Open:- Sep 25, 2018 – Sep 27,2018
Issue Type 100% Book Built Issue IPO
Issue Size (Value) 21,121, 437 Equity Shares of Rs. 10 (aggregating up to Rs. 1,734.07 Cr)
Face Value Rs. 10 Per Equity Share
Issue Price Rs. [818-821] Per Equity Share
Market lots 18 Shares
Minimum Order Quantity 18 Shares
Listing At BSE, NSE

(*) indicates to be updated


Get Upcoming IPO Notification on your mobile, Download our App

Elite-Investors-app


Aavas Financiers Limited IPO Subscription Details

Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
Qualified Institutional Buyers (QIBs)  5355555 11720412 2.77
Non Institutional Investors  4042239 824868 0.26
Retail Individual Investors(RIIs)  9431890 1850796 0.25
Total  18829684 14396076 0.97

** Updated as on 27th Sep 2018 at 05:00 p.m **


 

Important dates for Aavas Financiers Limited Allotment Status

  • The Allotment date for Aavas Financiers Limited IPO issue is expected on October 3, 2018.
  • The amount will get unblocked on October 4, 2018.
  • The Shares are expected to credit in DP accounts on October 5, 2018.
  • The Shares of Aavas Financiers Limited is likely to get listed on October 8, 2018 on both BSE and NSE.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check Aavas Financiers Limited IPO Allotment Status
  2. Go to Application Status
  3. Select IPO as Aavas Financiers Limited
  4. Enter your PAN Number or Application Id or DP Client Id.

It takes little time to fetch information so you need to be little patient.

 


Get Stock Market Recommendation By Our Research Analysts Starting Just Rs. 2000/-

stock-market-calls


Download “Aavas Financiers Limited IPO” Application Form

From BSE: click here

From NSE: click here

 


Open Your Demat Account to Invest in Upcoming IPO’s

fantastic-five-account


Promoters Of the Company:-

Lake District Holdings Limited and Partners Group ESCL Limited

Financials:- (Restated Consolidated)

Particulars For the year/Period ended (Rs. in Millions)    
Financial Year 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Equity & Liabilities 38174.52 24506.66 17107.79 8523.83 4179.23
Total Revenue 4572.45 3054.92 1908.99 1037.55 543.22
Total Expenses 3154.92 2179.33 1409.47 748.00 449.35
Profit After Tax (PAT) 929.33 571.37 327.80 190.81 63.37

Book Running Lead Managers Details:-

1) ICICI Securities Limited

H.T. Parekh Marg Churchgate,

Mumbai 400 020 Maharashtra, India

Tel: +91 22 2288 2460

Fax: +91 22 2282 6580

E-mail: aavas.ipo@icicisecurities.com

Website: www.icicisecurities.com

Investor grievance e-mail: customercare@icicisecurities.com

Contact person: Shekher Asnani/ Rishi Tiwari

SEBI Registration No.: INM000011179

2) Citigroup Global Markets India Private Limited

1202, 12th Floor, First International Financial Centre,

G-Block, C54 & 55, Bandra Kurla Complex, Bandra (East)

Mumbai 400 098, Maharashtra, India

Tel: +91 22 6175 9999

Fax: +91 22 6175 9898

E-mail: aavas.ipo@citi.com

Website: www.online.citibank.co.in/r

htm/citigroupglobalscreen

Investor grievance e-mail: investors.cgmib@citi.com

Contact person: Amulya Goyal

SEBI Registration No.: INM000010718

3) Edelweiss Financial Services Limited

14th Floor, Edelweiss House Off C S T Road, Kalina

Mumbai 400 098, Maharashtra, India

Tel: +91 22 4009 4400

Fax: +91 22 4086 3610

E-mail: aavas.ipo@edelweissfin.com

Website: www.edelweissfin.com

Investor grievance e-mail: customerservice.mb@edelweissfin.com

Contact person: Disha Doshi/ Pradeep Tewani

SEBI Registration No.: INM0000010650

4) Spark Capital Advisors (India) Private Limited

No.2 ‘Reflections’, Leith Castle Centre Street Santhome High Road

Chennai 600 028, Tamil Nadu, India

Tel: +91 44 4344 0000

Fax: +91 44 4344 0090

E-mail: aavas.ipo@sparkcapital.in

Website: www.sparkcapital.in

Investor grievance e-mail: investorgrievance@sparkcapital.in

Contact person: Ramprashanth Ganesan

SEBI Registration No.: INM000011138

5) HDFC Bank Limited Investment

Banking Group Unit No. 401 & 402,

4th Floor Tower B, Peninsula Business Park,

Lower Parel Mumbai 400 013 Maharashtra, India

Tel: +91 22 3395 8021

Fax: +91 22 3078 8584

E-mail: aavas.ipo@hdfcbank.com

Website: www.hdfcbank.com

Investor Grievance e-mail: investor.redressal@hdfcbank.com

Contact Person: Rakesh Bhunatar / Ronak Shah

SEBI Registration No.: INM000011252

Registrar to the offer:-

Link Intime India Private Limited

C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West)

Mumbai 400 083 Maharashtra, India

Tel: +91 22 4918 6200

Fax: +91 22 4918 6195

E-mail: aavas.ipo@linkintime.co.in

Website: www.linkintime.co.in

Investor Grievance e-mail: aavas.ipo@linkintime.co.in

Contact person: Shanti Gopalkrishnan

SEBI Registration No.: INR000004058


Registered Office Details:-

201-202, 2nd Floor, South End Square,

Mansarover Industrial Area, Jaipur 302 020, Rajasthan, India

Tel: +91 14 1661 8800

Fax: +91 14 1661 8861

Contact Person: Sharad Pathak,

Company Secretary and Compliance Officer Tel: +91 14 1661 8800

Fax: +91 14 1661 8861

E-mail: ipo@aavas.in

Website: www.aavas.in

For More Details Contact us 011-42445800 / 9650901058

or


To Invest in IPO, Submit Your Details Below: