Aavas IPO
Aavas Financiers Limited

Aavas Financiers Limited IPO (Aavas Financiers IPO)

Aavas Financiers Limited, is a Jaipur based company provides retail, affordable housing finance to low and middle income self-employed customers in as well rural as semi-urban areas in India. Incorporated in 2011, Aavas Financiers is an NHB registered Housing Finance Company (HFC). ...Home loans for the purchase, construction or repair of residential properties, are offered by the company. The company also offers other mortgage loans that include loans with property as a collateral. The proceeds from this public issue will be used for augmenting the company's capital base to meet the future capital requirements arising out of growth in the business. The company is promoted by Lake District and ESCL, who currently hold 49.84% and 24.21% stake (Pre-IPO), in the company respectively. read more

Aavas IPO Profile
Issue Open Date Sep 25, 2018
Issue Close Date Sep 27, 2018
Issue Size (Rs cr) 21,121,437 Eq Shares of Rs.10 (aggregating up to Rs.1,734.07 Cr)
Issue Price Rs.818 to Rs.821 Per Equity Share
Listing on BSE, NSE
Issue Type Book Built Issue IPO
Issue Lot Size 18
Minimum Lots 1
Maximum Lots 13
Retail Discount -
Employee Discount -
QIB upto 4,224,293 Equity Share
NII atleast 3,168,220 Equity Share
EMP upto - Equity Share
RII atleast 7,392,514 Equity Share
Book Value -
Face Value Rs. 10 Per Equity Share
Share Holding Patern

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IPO Over / Undersubcription
Date Issue Price Issue Size (Rs Cr) QIB NII RII EMP Total
Sep 27, 2018 818 - 821 Rs.1,734.07 Cr 2.77x 0.26x 0.25x - 0.97x
Aavas IPO Registerar and Lead Managers
Link Intime India Private Ltd
Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai - 400083
  • - Citigroup Global Markets India Private Limited
  • - Edelweiss Capital Limited
  • - HDFC Bank Limited
  • - ICICI Securities Limited
  • - Spark Capital Advisors (India) Private Limited
Company Services
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