Aavas Financiers Limited IPO
Aavas Financiers Limited (Formerly known as “AU Housing Finance Limited”) was originally incorporated as a private limited company at Jaipur, Rajasthan, under the name of “Au Housing Finance Private Limited” on February 23, 2011. The Company got registered with National Housing Bank (subsidiary of Reserve Bank of India) as a Housing Finance Company (HFC) and awarded the license from National Housing Bank (NHB) in August 2011.
(i) Business Segment
AAVAS is primarily engaged in the business of providing housing loan to customers belonging to a low and middle-income segment in semi-urban and rural areas. These are creditworthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks. AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution needs to be appropriated and suitable for them.
AAVAS believes that every customer is unique and so far as his financial needs & feel it is absolutely necessary not to treat them as a homogenous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.
(ii) The Target Customers
AAVAS is engaged in the business of providing housing loan to customers belonging to a low and middle-income segment in semi-urban and rural areas. These are the people who are either self-employed, running small businesses like providing transportation facilities in auto rickshaw or other vehicles, running grocery shops, tiffin centers, beauty parlous and other businesses or these customers are carrying out business of agri or animal husbandry products in rural areas or salaried class people who are carrying out small jobs in private or public sector.
(iii) Area Of Operations
AAVAS caters to the needs of various small families in rural areas, towns, and a city’s peripheral area and other semi-urban areas to meet their lifetime dream to own their own house. Presently AAVAS is operating in 8 states namely Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Delhi, Uttar Pradesh, Chattisgarh, and Haryana.
Objects of the Aavas Financiers Limited IPO:
Aavas Financiers Limited IPO Details:
|Current GMP:||(80) - (85)|
|Open Date:||Sep 25 2018|
|Close Date:||Sep 27 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||1734.07 Cr.|
|Lot Size:||18 Shares|
|Issue Price:||₹ 818-821 Per Equity Share|
|Listing Date:||Oct 08 2018|
Promoters And Management:
Financials of Aavas Financiers Limited IPO:
|Year||AUM(Cr)||Revenue(Cr)||PAT(Cr)||Gross NPA||NIM||Outstanding Shares( M)||EPS||Book Value|
Comparison With Peers:
|Name of the Company||AUM(Cr)||NIM||Gross NPA||Cost of Borrowing||P/E||P/B|
|Aavas Financiers Housing||4073||7.25%||0.34%||7.5%||65||4.06|
Recommendation on Aavas Financiers Limited IPO:
Registrar of Aavas Financiers Limited IPO:
Bid Details of Aavas Financiers Limited IPO as on
27-Sep-2018 18:30:01 IST
Total Number of Applications in Retail Category: 87,193
Application-wise Subscription in Retail Category: .21