Aavas Financiers Limited IPO
Mainboard
₹ 14778 /18 Shares
25 Sep, 2018
Open Date27 Sep, 2018
Close Date04 Oct, 2018
Allotment Date08 Oct, 2018
Listing DateIPO Issue Details
- Issue Price Rs 818/- to Rs 821/- Rs per Equity Share
- Face Value Rs 10 Per Equity Share
- Issue Price Total 2,11,21,437 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 1734.07 Cr# Fresh Issue of 18,72,078 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 400 Cr # Offer for Sale of 1,62,49,359 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 1334.07 Cr
- Listing at NSE, BSE ( B - Group )
- Lead Manager ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited, Spark Capital Advisors (India) Private Limited, HDFC Bank Limited
- Registrar Link Intime India Private Ltd
IPO Details
- Retail Portion N/A
IPO Details
The IPO of is priced at ₹818 - 821 per equity share, which has a face value of Rs 10 Per Equity Share each, IPO bidding starts from Sep 25, 2018 and ends on Sep 27, 2018. The allotment for IPO will be finalized on Oct 4, 2018. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 8, 2018. The company shall list its equity shares on the NSE, BSE ( B - Group ). Link Intime India Private Ltd is the registrar of the issue.
The book-running lead manager for the IPO is/are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited, Spark Capital Advisors (India) Private Limited, HDFC Bank Limited.
The IPO sets its price band at 818 - 821 for each share. A single application for Aavas Financiers Limited IPO must contain at least 18 shares.
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IPO Subscription Analysis And Details
| As on | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 42,24,293 | 31,68,220 | 73,92,514 | 1,47,85,027 |
|
Day 1
25-09-18
|
4,87,188 0.12 x | 3042 0.00 | 1,68,138 0.03 x | 6,58,368 0.05 x |
|
Day 2
26-09-18
|
34,31,448 0.81 x | 3,77,406 0.12 | 5,08,320 0.07 x | 43,17,174 0.29 x |
|
Day 3
27-09-18
|
1,17,20,412 2.78 x | 8,24,868 0.26 | 18,36,288 0.25 x | 1,43,81,568 0.98 x |
|
Day 4
21-03-18
|
N/A x | N/A x | N/A x |
Valuations
IPO - Issue Objectives
Offer for SaleCompany will not receive any proceeds from the Offer for Sale.
Fresh Issue(a) Augmenting company's capital base to meet future capital requirements.(b) Issue related expenses
IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Aavas Financiers Limited | 5.23 | 64.16 | 8.46% | 457.24 |
| HDFC Limited | 3.77 | 24.54 | 15.37% | 64,606.86 |
| Gruh Finance Limited | 17.81 | 60.63 | 29.37% | 1687.19 |
| Aditya Birla Capital Ltd | 3.41 | 35.59 | 9.58% | 13,427.76 |
| Can Fin Homes Limited | 3.06 | 13.37 | 22.86% | 1543.90 |
| PNB Housing Finance Limited | 3.43 | 24.54 | 13.97% | 5516.40 |
| Repco Home Finance Ltd | 2.52 | 15.11 | 16.70% | 1105.43 |
IPO - FAQs
Ans. Aavas Financiers Limited IPO is a Mainboard IPO. The issue is priced at Rs 818/- to Rs 821/- Rs per Equity Share. The minimum order quantity is 18 Shares. The IPO opens on Sep 25, 2018, and closes on Sep 27, 2018. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE ( B - Group ).
Ans. The Aavas Financiers Limited IPO opens on Sep 25, 2018 and closes on Sep 27, 2018.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Aavas Financiers Limited IPO is Total 2,11,21,437 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 1734.07 Cr# Fresh Issue of 18,72,078 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 400 Cr # Offer for Sale of 1,62,49,359 Equity Shares of Rs 10/- at price of Rs 818/- to Rs 821/- with aggregating up to Rs 1334.07 Cr.
Ans. The Aavas Financiers Limited IPO price band is set between Rs 818/- to Rs 821/- Rs per Equity Share.
Ans. To apply for Aavas Financiers Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Aavas Financiers Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Aavas Financiers Limited IPO is Oct 4, 2018.
Ans. The Aavas Financiers Limited IPO will be listed on Oct 8, 2018.
Ans. Follow the steps to check the Aavas Financiers Limited IPO allotment status online.
