IPO NOTE

IPO Note - Aavas Financiers Ltd Issue Open: Sept 25 - Sept 27 2018, Price Band: Rs. 818 - 821, *Issue Size: 21,121,466 Equity Shares (Comprises of Fresh issue of 4,872,107 eq, sh+ offer for sale of 16,249,359 eq sh)

Bank (SFB) but is now controlled by private equity (PE) companies, namely; Kedaara Capital and Partners Group. Aavas operates 165 branches across 8 western/northern states with focus on small towns. It has ATS of ~ Rs 0.86 mn for housing loans with 85% being individual loans. Aavas has strong business momentum (65% disbursements/78% loan growth in FY14-FY18) with greater thrust on operational efficiency, strong credit quality marked by in-house business sourcing, wider usage of analytics, risk management and collection framework with resultant GNPA at mere 0.5%...

Aavas Financiers is an affordable housing finance company, primarily serving low & middle income self-employed customers in semi-urban and rural areas in India. They offer customers home loans for the purchase or construction of residential properties and for extension and repair of existing housing units with AUM of | 4,359 crores as on June 30, 2018. As on June 30, 2018, the company has 166 branches across 95 districts in eight states with significant exposure to Rajasthan, Gujarat, Maharashtra...