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Open
25 Sep 2018
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Close
27 Sep 2018
3
Allotment
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Listing
Mon, Oct 8, 2018
Price Band
₹818 to ₹821
Issue Size
1,99,79,503 shares (agg. up to ₹1,640 Cr)
Lot Size
18 Shares
Listing Date
Mon, Oct 8, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 0.97x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2018 | 31 Mar 2017 | 31 Mar 2016 |
|---|---|---|---|
| Assets | 4,010.15 | 3,817.45 | 2,450.67 |
| Total Income | 143.87 | 457.25 | 305.49 |
| Profit After Tax | 29.00 | 92.93 | 57.14 |
| NET Worth | 1,098.47 | 566.33 | 203.82 |
| Reserves and Surplus | 1,106.94 | 1,029.06 | 508.16 |
| Total Borrowing | 2,595.78 | 1,793.39 | 1,446.77 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Increasing the Company’s Tier I capital base to maintain the minimum capital adequacy ratio | 352.88 |
About Aavas Financiers IPO
Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India. The Company is registered with the NHB as an HFC.As per an ICRA Report, Aavas Financiers had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of AUM for the last three financial years, among affordable housing finance companies with AUM between Rs 25 billion and Rs 200 billion.The company offers home loans to its customersfor the purchase or construction of residential properties, and for the extension and repair of existing homes. In addition to home loans, it offers other mortgage loans including loans against property. As of March 31, 2018- -Mortgage loans including loans against property accounted for 22.44% of the company's Gross Loan Assets.-60.40% of the Gross Loan Assets were from customers with earning less than Rs 50,000 per month. -34.76% of the Gross Loan Assets were from customers who were new to credit. -63.81% of Gross Loan Assets were from self-employed customers.-Served over 57,000 customers since the commenceme
Contact Details
Aavas Financiers Ltd. Address201-202, 2nd FloorSouth End Square, Mansarover Industrial AreaJaipur, Rajasthan, 302020+91 14 1661 8800ipo@aavas.inVisit Website