Aavas Financiers IPO Grey Market Premium

Aavas Financiers launches its maiden public offer on 25 September amid high volatility in the secondary market. Although the affordable housing lender has strong financial performance and low NPAs on its side, gloom in the secondary market has often spoiled IPOs of several good companies. Aavas Financiers IPO will include sale of new shares worth INR400 crore while existing shareholders Kedaara Capital, Partners Group ESCL, promoter Sushil Agarwal and others will sell as many as 16,249,359 shares. Priced in the range of INR818 – 821 per share, the IPO has seen active trading in the grey market. Here is a snapshot of Aavas Financiers IPO grey market premium (Aavas Financiers IPO GMP) movement in recent days.

Aavas Financiers IPO Grey Market Premium

Aavas Financiers IPO grey market discount as on today is INR10 per share, Kostak N/A

Aavas Financiers IPO grey market discount as on 1 October 2018 is INR10 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 28 September 2018 is INR10 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 27 September 2018 is INR15 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 26 September 2018 is INR15 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 25 September 2018 is INR50 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 24 September 2018 is INR50 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 21 September 2018 is INR120 per share, Kostak INR500

Aavas Financiers IPO grey market premium as on 20 September 2018 is INR160 per share, Kostak INR600

Aavas Financiers IPO grey market premium as on 19 September 2018 is INR160 per share, Kostak INR600

Aavas Financiers IPO grey market premium as on 18 September 2018 is INR140 per share, Kostak N/A

Aavas Financiers IPO grey market premium as on 17 September 2018 is INR140 per share, Kostak N/A

 

Aavas Financiers IPO Key Details

Aavas Financiers IPO details

Subscription Dates 25 – 27 September 2018
Price Band INR818 – 821 per share
Fresh issue INR400 crore
Offer For Sale 16,249,359 shares (INR1,329.2 – 1,334.1 crore)
Total IPO size INR1,729.2 – 1,734.1 crore
Minimum bid (lot size) 18 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Aavas Financiers’ Financial Performance

Aavas Financiers’ standalone financial performance (in INR crore)

FY2014 FY2015 FY2016 FY2017 FY2018
Total revenues 54.3 103.6 190.8 305.5 457.2
Total expenses 44.9 74.8 140.9 217.9 315.5
Profit after tax 6.3 19.1 32.8 57.1 92.9
Net margin (%) 11.6 18.4 17.2 18.7 20.3
Aavas Financiers IPO Review

Aavas Financiers IPO Review: Affordable housing lender at unaffordable rates

 

Aavas Financiers IPO Key Dates

IPO Opening Date: 25 September 2018

IPO Closing Date: 27 September 2018

Finalisation of Basis of Allotment: 3 October 2018

Initiation of refunds: 4 October 2018

Transfer of shares to demat accounts: 5 October 2018

Listing Date: 8 October 2018

 

Important points about IPO grey market:
  • IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
  • IPO grey market premium rates are provided as sourced from market intelligence. Please note these rates may be different depending on geographies and markets.
  • We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
  • Grey market premium is the rate of premium an IPO commands per share in grey market.
  • Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Aavas Financiers IPO Grey Market Premium
5 (100%) 2 votes

Krishna Bagra

Coming from a family of investors and financial analysts, Krishna learnt wading through regulatory filings pretty early in her career. At IPO Central, Krishna plays twin roles of contributor and head of research desk. She can also be reached at +krishnabagra .

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