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11 November 2024

Avanse Financial Services Limited IPO, GMP, Details, Price, And Review

Avanse Financial Services Limited is a non-banking financial company (NBFC) based in India, primarily focused on the education sector. As of March 31, 2024, the company is ranked as the second-largest education-focused NBFC in India by assets under management (AUM), according to the CRISIL MI&A Report. It also recorded the second-highest disbursements in FY 2023 and achieved the second-highest profit after tax in FY 2024 among its peers in the education-focused NBFC space.

Avanse offers a wide range of financial products tailored to the education sector, including education loans for students and growth capital for educational institutions through infrastructure loans. The company's Student Loans - International and Education Loans - Domestic divisions provide financing and additional services to Indian students and professionals pursuing studies both abroad and at domestic institutions. In addition, Avanse extends secured loans to private educational institutions across India, helping them expand and enhance their infrastructure.

Avanse Financial Services IPO Overview:

● Total Issue Size: ₹3,500 crore
○ Fresh Issue: ₹1,000 crore
○ Offer for Sale (OFS): ₹2,500 crore
● Price Band: Yet to be announced
● Issue Dates: Yet to be announced
● Book Running Lead Managers:
○ Kotak Mahindra Capital Company Ltd.
○ Avendus Capital Pvt Ltd
○ J.P. Morgan India Pvt Ltd
○ Nomura Financial Advisory & Securities (India) Pvt Ltd
○ Nuvama Wealth Management Ltd
○ SBI Capital Markets Ltd

● Registrar:

○ Link Intime India Pvt Ltd

Avanse Financial Services Limited IPO And GMP

WHAT IS GMP?

GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.

A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.

Avanse Financial Services Limited IPO GMP

GMP Date	IPO Price	GMP	Last Updated
		-

**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**

Avanse Financial Services IPO Overview

Detail	Description
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
Shareholding pre issue	251,823,232

Avanse Financial Services IPO Reservation

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

Avanse Financial Services IPO Promoter Holding

Share Holding Pre Issue	58.38%
Share Holding Post Issue

Avanse Financial Services Limited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	March 31, 2022
Assets	14,343.84	9,729.95	5,453.01
Revenue	1,728.81	990.23	508.54
Profit After Tax	342.4	157.71	63.20
Net Worth	3,676.72	2,149.72	1,009.66
Reserves and Surplus	3,560.38	2,040.73	927.07
Total Borrowing	10,135.25	7,210.13	4,100.28
Amount in ₹ Crore

Objectives of Avanse Financial Services IPO

The Company proposes to utilize the Net Proceeds towards the following objectives:

1. Augmenting the capital base to meet the Company's future capital requirements arising out of the growth of the business and assets.

2. Meeting Offer Expenses.

FAQs for Avanse Financial Services IPO

What is Avanse Financial Services IPO?

Avanse Financial Services IPO is a main-board IPO. The company is going to raise ₹3,500.00 Crores via IPO. The issue is priced at ₹[.] to ₹[.] per equity share. The IPO is to be listed on BSE & NSE.
When will the Avanse Financial Services IPO open for subscription?

The IPO is to open in 2024 for QIB, NII, and Retail Investors. The IPO will close in 2024.
What is Avanse Financial Services IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15% and Retail is 35%.
What is Avanse Financial Services IPO Issue Size?

Avanse Financial Services IPO issue size is ₹3,500.00 crores.
What is Avanse Financial Services IPO Price Band?

Avanse Financial Services IPO Price Band is ₹[.].
What is Avanse Financial Services IPO Lot Size?

The minimum bid is [.] Shares with ₹[.] amount.
What is the Avanse Financial Services IPO Allotment Date?

Avanse Financial Services IPO allotment date is 2024.
What is the Avanse Financial Services IPO Listing Date?

Avanse Financial Services IPO listing date is 2024. The IPO is to be listed on BSE & NSE.
What is Avanse Financial Services current GMP?

The current GMP of the Avanse Financial Services is ---.