Aavas Financiers Limited IPO Message Board (Page 19)

AAVAS FINANCIERS LTD. PREV. NAME AU HOME FIN. LTD. A SUBSIDIARY COMP. OF AU SMALL FIN. BANK LTD. PREV. YEARS AGO AU BANK SOLD HIS 100% SHARE TO LAKE DIST. AND ESCL. SO NOW THE OFFER OF SALE AND FRESH ISSUE BY LAKE DIST. AND ESCL.

Those who missed to grab the opportunity of AU bank make sure this time , if not allotted , buy on listing and stay invested .

AU --->> 350 to 700
100 % Return

AU offer price : 358
Listed at : 525 BSE only
Made high : 745
CMP : 700

When Co. and promotors are good enough , no need to look at GMP.

Co. Strength
Lowest NPA & 2nd Highest AUM growth
Better than Grammen Koota

AU bank issue size was 1800-2000 crore.
Let's assume AFL issue size min.1000 - 1200 crore.

Another nice thing is that out of 5 LMs 3 are the same as that of AU bank.

1. HDFC
2. ICICI
3. Citi

Registrar is also same Link-in-Time

Issue size :

Fresh Issue : 400 crore
+
OFS : 16,249,359 Shares
( Roughly 162.5 Lakhs )

Peers :

1. HDFC
2. GRUH
3. REPCO
4. CAN FIN HOME
5. PNBHF

Industry P/E

Highest :35
Lowest : 16
Average : 25

EPS 2018 : 15
Average Offer Price : 375 { 15*25 }

Total OFS : 375* 162.5 Lakh Sh.= 600 Crore
+
Fresh Issue = 400 crore
Total Issue Size = 1000 Crore

N.B : As per DRHP , There is a provision of discount for RIIs but no reservation for AU Bank shareholders

Issue size?

*AU small finance Bank

Will shareholder of AU Small Financial Bank get preferential allotment?

very good company ..............wait and watch for price band