Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Avanse Financial Services IPO is a book built issue of Rs 3,500.00 crores. The issue is a combination of fresh issue of Rs 1,000.00 crores and offer for sale of Rs 2,500.00 crores.
Avanse Financial Services IPO dates are yet to be announced.
Avanse Financial Services IPO price bands are yet to be announced.
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 and SBI Capital Markets Limited are the book running lead managers of the Avanse Financial Services IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Avanse Financial Services IPO DRHP for detailed information.
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹3,500.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | [.] shares of ₹5 (aggregating up to ₹2,500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 251,823,232 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Olive Vine Investment Ltd is the company's promoter.
| Share Holding Pre Issue | 58.38% |
| Share Holding Post Issue |
Avanse Financial Services Limited is a non-banking financial company (NBFC) operating in India with a focus on education. According to the CRISIL MI&A Report, the company is the second largest education-focused NBFC in India in terms of assets under management (AUM) as of March 31, 2024, and recorded the second highest disbursements in FY 2023 and second highest profit after tax in FY 2024 among education-focused NBFCs in India.
The company offers a comprehensive education offering with products ranging from education loans for students to growth capital for educational institutions through education infrastructure loans. Through its Student Loans - International and Education Loans - Domestic divisions, the company offers loans and other value-added services to Indian students and professionals admitted to study abroad or at domestic institutions. The company also provides secured financing to private educational institutions in India.
Avanse Financial Services Limited also offers a comprehensive range of value-added services to its borrowers, including life, health, and travel insurance, wellness, and healthcare services, foreign exchange transactions, financial health reports, and opening of overseas bank accounts provided by third parties.
The company operates across India and has a multi-channel distribution network for lending to students and educational institutions with a presence in major educational hubs in India.
As of March 31, 2024, the Company serviced 545 locations in India and maintained a hybrid presence by strategically combining its physical branch network of 19 branches and sales offices and its 215-strong sales team with the distribution network. As of March 31, 2024, the company's distribution network consisted of 320 active education advisors and aggregators (agents specializing in education loans), 452 direct sales agents (DSAs), and the direct acquisition channel, which includes the digital marketing initiatives and referrals from existing customers.
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 | ||||||||||||||||||||
The Company proposes to utilize the Net Proceeds towards the following objectives:
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/
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
Lead Manager Reports
Avanse Financial Services IPO is a main-board IPO of [.] equity shares of the face value of ₹5 aggregating up to ₹3,500.00 Crores. The issue is priced at [.] to [.] per share. The minimum order quantity is .
The Avanse Financial Services IPO open and close dates are not available as of now.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Avanse Financial Services IPO using UPI as a payment gateway. Zerodha customers can apply in Avanse Financial Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Avanse Financial Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Avanse Financial Services IPO dates are not announced. Please check back again after some time.
Avanse Financial Services IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Avanse Financial Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Avanse Financial Services IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Avanse Financial Services IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
DRHP
