Au Financiers (India) Limited IPO Message Board (Page 18)

Subsequent performance after listing will certainly disappoint many members in this forum.

🚩 Take ur pick wisely 🚫

Estimation of Listing price of Au Finance:
Total Assets under Management Rs. 107,338.59Mn
Vehicle Finance Rs.53,956.82 Mn.
Its vehicle finance business, which accounted for 79.11% of its total AUM as of March 31, 2013, accounted for 50.27% of our total AUM as of March 31, 2017
As of and for the year ended March 31, 2017, its Total Borrowings were Rs 70,709.78 million and its average cost
of borrowings was 10.13%..Net Interert margin for 2016-17 is 9%+ . As of March 31, 2017, its GNPAs accounted for 1.61% of Gross Advances, while its NNPAs accounted for 1.05% of its Net Advances.
Basic EPS ( excluding exceptional items ) Rs. 11.96 for 2016-17
Net Asset Value per Equity Share as on March 31, 2017 is ¹ 70.34.
The shares are issued at Rs. 358 . The share is offered at PE multiple of 30.
Leading finance company : Sunderam finance earned EPS of Rs. 44.58 and its CMP is at Rs. 1605.BV of SF is Rs. 433 and current P/BV is 3.70. Sunderam finance is well-established played in this country.However it is basically a finance company.
Whereas AU is now convertted into small finance bank. and there are all chances that it will have lower Net Interest margin and less earnings per share as compared to previous year.once its converts its business as Small Finance Bank.
It appears that the scrip is offered at fully priced level. Even its Price to Book value is on higher side.So apparently, there is no huge scope for listing gains.
However considering present bullish sentiments of the Stock-market and some strange fancy for Small bank shares and Grey Market Premium quoted at present, the scrip is expected to list at around
on lower side Rs. 440
on median side Rs. 460 and
on higher side Rs. 480.
However this is not CDSL and hence after listing day movements, the scrip may scale down in subsequent trading days.So I feel that it may not be profitable to buy at listing-day price-range of Rs.440/480

Copy Paste From So Called "Mature Site Forum".

AU SFB IPO

GMP 112 – 114
(buying tone)

Sirji, I did not get allotment. Can I buy at listing price ???? Please guide Please!!!!

ITS BETTER TO BOOK PROFIT NEAR ABT 470-75.SO MANY SCRIPS ARE AVAILABLE IN THE SAME RATES .KAMAO ONLY LISTING GAIN .GOT 3/5 BEST WISHES TO ALL THE BULLS MEANS INVESTORS.JAI HO .BHARAT MATA KI JAI...👍👍👍👍👍

Lets see
M b yhi hu or tum b

Au finance
Within 6 month
Below 358(issue price)

How you can say..??? Always write with a genuine reason.
I ca say AU will increase up to 700 within 2 months because of its achievements.

on which basis.. you are reviewing..?

AU listed around 500 and go up to 600.

LETS see who take control of the stock AU FINANCIERS
BULL OR BEARS

RS 450 IS TO HIGH TO LIST
SELLING PRESSURE WILL BE SEEN AT RS 468

How is this possible?

Securities applied: 533

Cut off Price: 358

Securities Allotted: 533

Amount adjusted: 190814

I thought retail only gets minimum lot.

Because amount here is less than 200000Rs , it goes into retail category right?

Is LINK IN TIME doing some fraud?

No fraud, actually employees cota which was 1.4 time oversubscibed maybe bellows 1 times for 2 lakh category and get full shares and those who applied for over 2 lakh category maybe allotment lesser shares

Ankyt, pl inform under which category you applied for the benefit of members of the forum. Full allotment to retail is not at all possible in AU. Without employee code in application made under EMP quota will be rejected technically.
Awaiting your reply.

Comparison

13. gamble Jun 26, 2017 3:17:29 PM IST Reply
Au Financiers (India) Limited IPO

.......Au small finance bank.....


@358...... PE 30,,, P/BV 5.09X


In 2017 total PBT is 504.5cr(excluding exceptional income)
In 1st half H1 PBT 264.2 cr
And H2 PBT 240.3 so.. .despite of slow down/demonetisation in NBFC space'''' this didn''''t affect.
because of good diversified Business and strong catch on rural area. And mainly focused on mid-small class community.

....in case of ujjivan and equitas H2 PAT decreased by 56 and 52% respectively.


.....peers......

Comparision of last yr (from 16 to 17)PAT/EPS growth

...,................PAT.............EPS

Ujjivan .......16%..............(-1.5%)
Equitas........(-4%)............(-2%)
Bajaj fin.. .....44%..............37%

AU SFB.. ... ...34%.............28%

RBL, indusind not much comparable.


Hence it is clearly seen that ujjivan, equitas failed in performing better last yr so p/bv near 2.3 is justified

....but see bajaj fin a golden share, trading P/BV 8X backed by extraordinary performance.

.......In coming yrs also AUSFC poised to grow substantially. ......

.....As of now AUSFB conducted operations through 269 branches, 121 asset centers, one central processing center and 10 offices. In addition, AUSFB plans to set up an additional 162 branches and seven central processing centers during the financial year 2018

i. e

..................................2017.........2016

Capital work
Under progress .........160cr......0.4cr

Intangible assest
Under devlop.. .............80 cr.......-......

Current Assest............4367cr.....2372cr

Current liability. ..........2760cr.. ..2372cr

Cash&BB......................624 cr.. .....123 cr


So it is justified that AU may trade near 5.7-6.2x P/BV .

i. e 70.34*5.7==400(PE 33.5)
70.34*6.2===436(PE 36.4)

LISTING Expected (imo) ::: 420 ( near 6X) or premium of 62 RS(17%)

AU - if it list at 450 - 500 range then this is very good price. 475 is very good price. I will exit at this price. It will available at lower price in future. I don''t see nothing fancy in company. Compare to peers 450 to 500 looks costly to me. 400 to 425 is a right price. Because of the market condition it may give good listing gain but in future it may settle at 400-425 range.

AU is much better than equitas & Ujjivan.In mid to long term surely touch 600.After that it will settle near 480-500.After listing very rare chance to buy below 425.It''s a good portfolio stock.

Please compare au finance with it''s peer company on this forms with pe and eps and book value

Well managed AU sf Bank is market leaders of small financial bank todays but may become bigger financial bank in future and can merge few banks too with it like rbl . listing near 475 and after some hichak will raised towards 900 by year end or budget.

Sorry AU KA LISITING PRICE rs. 450 ki jagah 750 ho gaya hai.

AU FINANCE LISTING AT RS.750 After 2 month 1200 + hold.

Au finance listing day 500+ than in two months 700+ very very strong fundamental

GMP 111-113
RAJKOT BROKERS ASSOCIATION

Listing Day Target 499/-
Don''t Sell Don''t Sell

Sir i respect your view but i don''t understand ki yesa kya h Au bank me jo itna mahga hone ke bad bi itna premum h & jo iske peers me nahi h like rbl

sell target at rs 450 will not cross rs 499

people should not share their whats app mobile number , you will be handing your all detail including your bank detail if they hack your mobile

This message has been removed by a moderator.

96100 fifty thousand

who are you and what is your credit

Sir in the BULL market always liquidity plays an important role . With current market scenario this much premium is justified . But one thing if you have set your own targets get out at those levels . As in the long run fundamental occupies the script performance .