Avanse Financial Services Mainline IPO worth of ₹3500.00 Cr is coming soon. it is a Mainline IPO which will list on BSE, NSE.
IPO opening and closing dates, IPO price band and lot size are yet to be announced.
Stay connected with us to get the complete Avanse Financial Services Mainline IPO 2024 details including business overview, financial performance, IPO opening and closing dates, GMP, issue details and subscription details.
Avanse Financial Services IPO Details
| IPO Issue Opening Date: | |
| IPO Issue Closing Date: | |
| IPO Issue Price: | ₹TBD Per Share |
| DRHP: | Download DRHP |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹3500.00 Cr |
| Offer for Sale: | ₹2500.00 Cr |
| Fresh Issue: | ₹1000.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 58.38% |
| Promoter Holding Post IPO: |
Avanse Financial Services IPO Important Dates
Get important updates regarding Avanse Financial Services IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | |
| Refunds Initiation* | |
| Credit of Shares to Demat* | |
| IPO Listing Date* |
* – Tentative Dates
Avanse Financial Services IPO Lots
| IPO Activity | Date |
|---|---|
| Issue Price | ₹TBD |
| Market Lot: | TBD Shares |
| 1 Lot Amount: | ₹TBD |
| Min Small HNI Lots(2-10 Lakh): | TBD – ₹ |
| Min Big HNI Lots(10+ Lakh): | TBD – ₹ |
Avanse Financial Services IPO GMP**
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 12-11-2024 | 0 | — | ₹ (0%) | 12-Nov-2024 6:03 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
About Company – Avanse Financial Services
Avanse Financial Services is an education-focused non-banking financial company (NBFC) in India.
It offers a full-stack education offering with products such as education loans for students and growth capital for educational institutions through education infrastructure loans. In the student education loan, it provides domestic as well as international loans to pursue higher education overseas.
As of March 31, 2024, the company’s AUM stood at Rs 1,33,030.47 million, of which student loans—international business accounted for Rs 1,04,136.69 million. As of March 31, 2024, it has loans outstanding to 35,802 students in 1,264 universities/colleges in 41 countries.
To educational institutions, it offers collateral-based financing solutions to private institutions. As of March 31, 2024, its educational institution loan business AUM is ₹22,662.81 million.
It further offers many value-added services such as life, health & travel insurance, wellness and health benefits, foreign exchange, financial health report, overseas bank account opening services, etc.
The company operates on a PAN-India basis. As of March 31, 2024, it has 320 active education counsellors and aggregators (agents specializing in education loans) and 452 direct selling agents.
Avanse Financial Services IPO Strengths
- India’s Second Largest Education Focused NBFC by Asset Under Management (AUM) and Disbursements
- Widespread Coverage through Pan-India and Multi-Channel Distribution Presence
- Robust risk management and collection framework
- Scalable business model
- Robust financial performance with proven track record
| Incorporation | Sector | IPO Issue Size | Website |
| 1992 | Finance | ₹3500.00 Cr | http://www.avanse.com/ |
Avanse Financial Services IPO Objective
The Company proposes to utilize the Net Proceeds towards the following objectives:
- Augmenting the capital base to meet the Company’s future capital requirements arising out of the growth of the business and assets.
- Meeting Offer Expenses.
Our experts can help you prepare for SME IPO
Avanse Financial Services Limited Financial Information (Restated Consolidated)
Avanse Financial Services Limited’s revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 ₹ Crore | ||||||||||||||||||||
