Avanse Financial IPO is set to open in 2024 and will close in 2024. The Avanse Financial IPO is a Book Built Issue, aiming to raise approximately ₹3,500.00 crores. This includes a fresh issue of ₹1,000 crores and an offer for sale of up to ₹2,500.00 crores. The face value of each share is ₹5.
Avanse Financial IPO Price band is set between ₹[.] to ₹[.] per share. The quota allocation is 35% for Retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for Non-Institutional Investors (HNI). Avanse Financial IPO is scheduled to list on BSE & NSE in 2024, with the allotment announcement in 2024.
The company reported revenue of ₹1,728.81 crores in 2024, compared to ₹990.23 crores in 2023. It posted a Profit of ₹342.4 crores in 2024, compared to a Profit of ₹157.71 crores in 2023. Based on the financials, IPO investors are advised to apply for the IPO for gains in the long term.
- Avanse Financial IPO Details
- Avanse Financial IPO Market Lot
- Avanse Financial IPO Dates
- About Avanse Financial
- Promoters of Avanse Financial
- Avanse Financial Financial Report
- Key Performance Indicator
- Peer Group Comparison
- Objective of the Issue
- Avanse Financial IPO GMP (Grey Market Premium)
- Avanse Financial Subscription Status
- Avanse Financial Allotment Status
- IPO Registrar
- IPO Lead Managers
- Avanse Financial Contact
- FAQs
Avanse Financial IPO Details
| Overview Points | Description |
|---|---|
| Company Name | Avanse Financial Services Limited |
| Industry | Financial Services |
| IPO Issue Type | Book Built Issue |
| Open Date | 2024 |
| Close Date | 2024 |
| Total Issue Size | Approx ₹3,500.00 Crores |
| Fresh Issue | Approx ₹1,000 Crores |
| Face Value | ₹5 Per Equity Share |
| Price Band | ₹[.] to ₹[.] Per Share |
| Listing on | BSE & NSE |
| Lot Size | [.] Shares Per Lot |
| Offer for Sale | Approx [.] Equity Shares |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Avanse Financial IPO Market Lot
Avanse Financial IPO has a minimum lot size of [.] shares, with an amount of ₹[.].
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
Avanse Financial IPO Dates
Avanse Financial IPO opens in 2024 and closes in 2024. The allotment will be announced in 2024, and the IPO will be listed in 2024.
| Event | Date |
|---|---|
| IPO Open Date | 2024 |
| IPO Close Date | 2024 |
| Basis of Allotment | 2024 |
| Refunds | 2024 |
| Credit to Demat Account | 2024 |
| IPO Listing Date | 2024 |
About Avanse Financial
Avanse Financial Services, founded in 2013, is a Non-Banking Financial Company (NBFC) with a primary focus on supporting student education. The company provides student loans for higher education, both domestically and abroad, having disbursed 35,802 loans for studies in 1,264 universities across 41 countries. In 2024, its Assets Under Management (AUM) grew by ₹133,030.47 million, positioning it as the second-largest provider of student loans in India.
The company reported a revenue of ₹1,728.81 crores and a Profit After Tax (PAT) of ₹3424.03 million in 2024, reflecting growth compared to the previous year. To raise additional funds, Avanse Financial Services is planning an IPO worth ₹3,500.00 crores, which includes a fresh issue of ₹1,000.00 crores and an offer for sale of ₹2,500.00 crores.
Promoters of Avanse Financial
- Olive Vine Investment Ltd
Avanse Financial Financial Report
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Assets | 14,343.84 | 9,729.95 |
| Revenue | 1,728.81 | 990.23 |
| Profit After Tax | 342.4 | 157.71 |
| Net Worth | 3,676.72 | 2,149.72 |
| Reserves and Surplus | 3,560.38 | 2,040.73 |
| Total Borrowing | 10,135.25 | 7,210.13 |
| Amount in ₹ Crores | ||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | -% |
| PAT Margin | -% |
| Debt to equity ratio | 2.76 |
| Earning Per Share (EPS) | ₹15.40 (Basic) |
| Price/Earning P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 9.31% |
| Net Asset Value (NAV) | ₹146 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Objective of the Issue
- The funds will be used to augment the capital base to support the Company’s future growth and asset requirements, as well as to cover the Offer expenses.
Avanse Financial IPO GMP (Grey Market Premium)
To check real-time Grey Market Premium (GMP on IPO) of Avanse Financial, please visit the IPO GMP page.
Avanse Financial Subscription Status
This IPO subscription kicks off in 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Avanse Financial Allotment Status
To check the Avanse Financial IPO allotment status, visit the IPO register website Link Intime or go to the IPO Allotment page.
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: avanse.ipo@linkintime.co.in
Website: www.linkintime.co.in
IPO Lead Managers
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
27 BKC, 1st Floor, Plot no. C-27,
‘G’ Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051
Phone: +91 22 4336 0000
Email: afsl.ipo@kotak.com
Website: www.investmentbank.kotak.com
Avanse Financial Contact
AVANSE FINANCIAL SERVICES LIMITED
4th floor, E-Wing, Times Square, Andheri- Kurla Road,
Gamdevi, Marol, Andheri East, Mumbai 400 059
Phone: +91 22 6859 9999
Email: companysecretary@avanse.com
Website: www.avanse.com
FAQs
What is the Avanse Financial Services IPO?
The Avanse Financial Services IPO is a main-board IPO where the company plans to raise ₹3,500.00 crores. The price band for the issue is yet to be finalized, and the IPO will be listed on both BSE & NSE.
When will the Avanse Financial Services IPO open for subscription?
The IPO will open in 2024 for QIB, NII, and Retail Investors and will close in 2024.
What is the Avanse Financial Services IPO investor portion?
The investor portion for QIB is 50%, for NII is 15%, and for Retail is 35%.
How can I apply for the Avanse Financial Services IPO?
You can apply for the Avanse Financial Services IPO through ASBA online via your bank account, or through UPI via your stock brokers. Offline forms can also be filled out through your stock brokers.
What is the Avanse Financial Services IPO issue size?
The issue size of the Avanse Financial Services IPO is ₹3,500.00 crores.
Note: Avanse Financial’s IPO price band and date have been officially announced. Avanse Financial’s IPO Grey Market Premium (GMP) will be added to the IPO GMP page as soon as it becomes available.
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