AAVAS Financiers IPO Biding Information

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AAVAS Financiers

Aavas Financiers IPO overview - Aavas Financiers serves low and middle income self employed customers in semi-urban and rural areas in India with affordable housing finance options. The company offers customers home loans for the purchase or construction of residential properties, and for the extension and repair of existing housing units. As of 31 March 2018, a majority of the home loans that it disbursed were for single-unit properties, almost all of which were to be occupied by the borrowers themselves. In addition to home loans, it offers customers other mortgage loans including loans against property, which accounted for 22.44% of its Gross Loan Assets as of 31 March 2018.

As of 31 March 2018, 60.40% of its Gross Loan Assets were from customers who belonged to the economically weaker section and low income group, earning less than ? 50,000 per month and 34.76% of its Gross Loan Assets were from customers who were new to credit. The average sanctioned amount of its home loans and other mortgage loans was ? 0.88 million and ? 0.80 million, respectively.

Aavas Financiers has adopted a strategy of contiguous on-ground expansion across regions and conducted operations through 165 branches spread across 92 districts in eight states as of 31 March 2018, with significant presence in the four states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh. As of 31 March 2018, it employed 1,862 personnel and had 52,788 loan accounts including securitized and assigned cases.

AAVAS Financiers IPO Brief
Issue Opens 25 Sep 18 Price Band : 818 - ₹821
Issue Closes 27 Sep 18 Bid Lot 18 Shares
Listing At BSE, NSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 8448586 18675036 4.4163
Non Institutional Investors 6336440 1430658 0.4512
Retail Individual Investors(RIIs) 14785028 3289176 0.4446
Total

Total No.of Application Approx : ~

Retail Subscription on the basis of Apps :

Issue Terms

Issue price / Floor Price (Rs) 818-821
Application per share (Rs) 821
Minimum bid (no of shares) 18
Maximum Shares for Retail 18

Issue Date and Sizes

Issue opens 25 Sep 18
Issue closes 27 Sep 18
Listing on 08 Oct 18
Issue size (Rs cr) 1734.07

FAQs

  • When is AAVAS Financiers IPO coming?

    The AAVAS Financiers IPO opens on 25 Sep 18 and closes on 27 Sep 18.

  • What is AAVAS Financiers IPO timetable?

    AAVAS Financiers IPO tentative timelines are as below.

    • Public Issue Open: 25 Sep 2018
    • Public Issue Close: 27 Sep 2018
  • What is AAVAS Financiers IPO closing time?

    AAVAS Financiers IPO will close for subscription at Sep 27, 2018 12:00:00 AM.

News Updates

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Basis of Allotment

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