Avanse Financial Services Ltd. IPO Details
Avanse Financial Services was incorporated as 'Abhivruddhi Holdings’ on August 7, 1992, It is an education-focused non-banking financial company (NBFC) operating in India.
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹35,000.0 M | DRHP DOC |
Avanse Financial Services Ltd. issue details
Avanse Financial Services Ltd. IPO issue size is ₹ 35,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Avanse Financial Services Ltd. IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Avanse Financial Services Ltd. NUMBER OF SHARES ON OFFER
Avanse Financial Services Ltd. FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY24 | 3,424.0 | 17,269.6 | -34,950.2 | -35,431.5 |
| FY23 | 1,577.1 | 9,896.0 | -35,325.2 | -35,515.5 |
| FY22 | 632.1 | 5,082.8 | -14,904.8 | -14,997.5 |
Avanse Financial Services Ltd. INFORMATION ON IPO ISSUE
About Avanse Financial Services Ltd.
Avanse Financial Services was incorporated as 'Abhivruddhi Holdings’ on August 7, 1992, It is an education-focused non-banking financial company (NBFC) operating in India.
Object of the Issue
- To meet the future capital requirements arising out of growth of the business and assets.
- To meet the offer expenses.
- To receive the benefits of listing the equity shares of the face value of Rs 5 each on the stock exchanges, including enhancement of the company’s brand name and creation of a public market for its equity shares of face value of Rs 5 each in India.
- to undertake the existing business activities and the activities proposed to be funded from the Net Proceeds.
Avanse Financial Services Ltd. - PROMOTERS
| Name |
|---|
| Olive Vine Investment |
Avanse Financial Services Ltd. Book running lead manager
Kotak Mahindra Capital Company Limited
afsl.ipo@kotak.com
Avendus Capital Private Limited
Avanse.ipo@avendus.com
J.P. Morgan India Private Limited
AVANSE_IPO@jpmorgan.com
Nomura Financial Advisory and Securities (India) Private Limited
avanseipo@nomura.com
Nuvama Wealth Management Limited
avanse.IPO@nuvama.com
SBI Capital Markets Limited
avanse.ipo@sbicaps.com
Avanse Financial Services Ltd. Registrar to the offer
Link Intime India Private Limited
avanse.ipo@linkintime.co.in
Avanse Financial Services Ltd. Strengths
Multi-Channel Distribution Presence
The company operates on a pan-India basis and has a multi-channel distribution network across its student and educational institution loans businesses, with physical locations in major education hubs in India
Well Diversified Liability Profile
With a prudent approach to ALM, the company maintains a well-diversified liability profile and has established a broad spectrum of lending relationships across banks and financial institutions
Data-Analytics Driven Underwriting
The company's specialized underwriting model for education loan NBFCs facilitates better asset quality compared to other loan products such as personal loans
Avanse Financial Services Ltd. Risks
Concentrated international business
The company's student loans international business is largely concentrated in the United States, Canada, and the United Kingdom. This exposure subjects it to political and macroeconomic risks in these geographies, which could adversely affect the business, results of operations, and cash flows
Periodic inspections
The company is subject to periodic inspections by the Reserve Bank of India. Non-compliance with observations made by the Reserve Bank of India during any such inspections could expose the company to penalties and restrictions
volatility in interest rates
The company is vulnerable to volatility in interest rates for both its borrowing and lending operations, which could cause its net interest income to fluctuate and consequently affect profitability
IPO FAQs
The promoter of the company is Olive Vine Investment.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.