Avanse Financial Services Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 5 per share |
| Price | [.] to [.] per share |
| Lot Size | - |
| Fresh Issue | [.] shares (aggregating up to ₹ 1,000.00 Cr) |
| Offer for Sale | [.] shares of ₹5 (aggregating up to ₹ 2,500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 25,18,23,232 |
| Total Issue Size | [.] shares (aggregating up to ₹ 3,500.00 Cr) |
About Avanse Financial Services Limited IPO, GMP, Details, Price, And Review
Avanse Financial Services Limited is a non-banking financial company (NBFC) based in India, primarily focused on the education sector. As of March 31, 2024, the company is ranked as the second-largest education-focused NBFC in India by assets under management (AUM), according to the CRISIL MI&A Report. It also recorded the second-highest disbursements in FY 2023 and achieved the second-highest profit after tax in FY 2024 among its peers in the education-focused NBFC space.
Avanse offers a wide range of financial products tailored to the education sector, including education loans for students and growth capital for educational institutions through infrastructure loans. The company's Student Loans - International and Education Loans Domestic divisions provide financing and additional services to Indian students and professionals pursuing studies both abroad and at domestic institutions. In addition, Avanse extends secured loans to private educational institutions across India, helping them expand and enhance their infrastructure.
Avanse Financial Services IPO Overview:
Total Issue Size: ₹3,500 crore
Fresh Issue: ₹1,000 crore
- Offer for Sale (OFS): ₹2,500 crore
- Price Band: Yet to be announced
- Issue Dates: Yet to be announced
- Book Running Lead Managers:
- Kotak Mahindra Capital Company Ltd.
- Avendus Capital Pvt Ltd
- J.P. Morgan India Pvt Ltd
- Nomura Financial Advisory & Securities (India) Pvt Ltd
- Nuvama Wealth Management Ltd
- SBI Capital Markets Ltd
- Registrar:
- Link Intime India Pvt Ltd
Avanse Financial Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Objectives of Avanse Financial Services IPO
The Company proposes to utilize the Net Proceeds towards the following objectives:
- 1. Augmenting the capital base to meet the Company's future capital requirements arising out of the growth of the business and assets.
- 2. Meeting Offer Expenses.
Avanse Financial Services Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
1,728.81
₹ Crore
Profit After Tax
342.4
₹ Crore
Net Worth
3,676.72
₹ Crore
Total Borrowing
10,135.25
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 14,343.84 | 1,728.81 | 342.4 | 3,676.72 | 10,135.25 | ||||
| 31 Mar 2023 | 9,729.95 | 990.23 | 157.71 | 2,149.72 | 7,210.13 | ||||
| March 31, 2022 | 5,453.01 | 508.54 | 63.20 | 1,009.66 | 4,100.28 | ||||
| Amount in ₹ Crore | |||||||||
Avanse Financial Services Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| KPI | Values |
|---|---|
| - |
Frequently Asked Questions
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Competitive Strengths
Avanse Financial Services Limited IPO, GMP, Details, Price, And Review IPO Timeline
| Total Issue Size | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| — | — | — |