Aavas Financiers IPO

Aavas Financiers IPOAavas 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.

Promoters of Aavas Financiers - Lake District Holdings Limited and Partners Group ESCL Limited
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
Objects of the issue
  • Augmenting its capital base
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 Contact Details

Aavas Financiers Limited 
201-202, 2nd Floor, South End Square
Mansarover Industrial Area
Jaipur 302 020

Phone: +91 141 6618 800
Fax: 
+91 141 6618 861
Email:
ipo@aavas.in
Website: www.aavas.in

Registrar of Aavas Financiers IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: aavas.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Valuation of Aavas Financiers (FY2018)

Earnings Per Share (EPS): INR15.21

Price/Earnings (P/E) ratio: 53.78 - 53.98

Return on Net Worth (RONW): 8.46%

Net Asset Value (NAV): INR157.03 per share

Aavas Financiers IPO Subscription Details
Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB 4,224,293 0.11 0.81 2.77
NII 3,168,220 0.00 0.12 0.26
Retail 7,392,514 0.03 0.07 0.25
Total 14,785,027 0.05 0.29 0.97

 

Aavas Financiers IPO Allotment Status

Aavas Financiers IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing Performance of Aavas Financiers

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

Listing Price on NSE: INR750 per share (down 8.65% from IPO price)

Closing Price on NSE: INR774.35 per share (down 5.68% from IPO price)

Aavas Financiers IPO
4.5 (89.33%) 15 votes

4 thoughts on “Aavas Financiers IPO

  • September 25, 2018 at 10:06 AM
    Permalink

    Strong anchor list, but I’m in double mind. Good business and anchors but conditions not looking good.

    Reply
  • September 24, 2018 at 10:20 AM
    Permalink

    Financial stocks are under pressure after what happened with DHFL and Yes Bank. Better to stay away from this white elephant.

    Reply
  • September 19, 2018 at 4:57 PM
    Permalink

    Great business but ridiculous pricing! It is simply foolish to even expect that you can make money by investing at PE ratio of 53.

    Reply
  • September 15, 2018 at 11:03 PM
    Permalink

    This will be good, Au bank also offerd good returns

    Reply

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