Here, we are going to share detailed information related to Avanse Financial IPO using simple language so that you can get the right and authentic information in easy to understand way.
Avanse Financial Services has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹3,500 crore through an Initial Public Offering (IPO).
Avanse Financial IPO Important Dates
| IPO Open Date | To be Announced |
| IPO Close Date | To be Announced |
| Basis of Allotment | To be Announced |
| Refunds Initiate | To be Announced |
| Transfer to Demet | To be Announced |
| Listing on Exchange | To be Announced |
Avanse Financial IPO Essentials
| IPO Price Band | ₹- to ₹- Per Share |
| Issue Size | Up to ₹3500 Crores |
| Fresh Issue | Up to ₹1000 Crores |
| Offer for Sale | Up to ₹2500 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | NSE and BSE |
| Retail Quota | Not more than 35% |
| QIB Quota | No less than 50% |
| NII Quota | Not less than 15% |
| DRHP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors | Click Here |
Avanse Financial IPO Lot Size & Limit
| Term | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | — | ₹– |
| Retail Maximum | 13 | — | ₹– |
| HNI Minimum | 14 | — | ₹– |
| HNI Maximum | 68 | — | ₹– |
Avanse Financial IPO Key Performance
| ROE | –% |
| ROCE | –% |
| EBITA Margin | –% |
| PAT Margin | –% |
| Debt to Equity | 2.76 |
| Earning Per Share | ₹15.40 |
| PE | NA |
| RoNW | 9.31% |
| NAV | ₹146 |
Avanse Financial IPO Financials (Amount in ₹ Crore)
| 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 |
Avanse Financial IPO Object the Issue
- General Corporate Purposes: To support various corporate activities and operational needs.
- Augmenting Capital Base: To meet future capital requirements arising from the growth of business and assets.
Avanse Financial Company Overview
Avanse Financial Services Limited, founded in 2013, is an education-focused non-banking financial company (NBFC) in India.
The company provides a wide range of educational finance options, including student loans for higher education, e-learning, school fees, and skill development courses.
Avanse also provides loans for educational institutions’ functioning and expansion capital needs.
Avanse Financial IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: avanse.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Avanse Financial Company Address
Avanse Financial Services Limited
4th floor, E-Wing, Times Square,
AndheriKurla Road, Gamdevi,
Marol, Andheri East, Mumbai – 400 059
Phone: +91 22 6859 9999
Email: companysecretary@avanse.com
Website: http://www.avanse.com/
Avanse Financial IPO Merchant Banker
- Kotak Mahindra Capital Company Limited
- Avendus Capital Pvt Ltd
- J.P. Morgan India Private Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Avanse Financial IPO FAQ
Que: What is Avanse Financial IPO
Ans: This IPO is going to be a BSE SME IPO through which the company, Avanse Financial, going to raise funds up to ₹[.] at the price band of ₹[.] to ₹[.].
Que: When Avanse Financial IPO will Open?
Ans: The opening date is officially not confirmed yet.
Que: In which exchange Avanse Financial IPO will be listed?
Ans: This IPO will be listed in NSE and BSE.
Que: What is the listing date of Avanse Financial IPO?
Ans: The listing date of this IPO is not confirmed yet.
Que: How to apply for Avanse Financial IPO?
Ans: You can apply for this IPO with any registered stock broker.
