Aavas Financiers Limited IPO

Aavas Financiers Limited was established in 2011, which is a company affiliated with the Jaipur, Rajasthan based. AAVAS is primarily engaged in the business of providing housing loan to customers belonging to low and middle income segment in semi-urban and rural areas. These are credit worthy customers who may or may not have the income proof documents like IT return, salary slip and hence are financially excluded by other large housing finance companies and banks.

AAVAS uses unique appraisal methodology to assess these customers individually. The financing solution need to be appropriated and suitable to them.AAVAS caters the needs of various small families in rural areas, towns, and a city’s peripheral area and other semi-urban areas to meet their life time dream to own their own house.

AAVAS believes that every customer are unique and so far as his financial needs & feel it is absolutely necessary not to treat them as homogenous group of borrowers but appreciate the individual need of every customer, and offer housing Finance solutions that are appropriate and suitable to them.

Aavas Financiers Limited IPO Details
Issue Open	25-9-2018
Issue Close	27-09-2018
Allotment Date	04-10-2018
Unblocked Amount	05-10-2018
Listing Date	08-10-2018
Issue Size	2,11,21,437 Total Equity Share - Fresh Issue Equity Share - OFS Equity Share
Issue Size	₹ 1734.07 Cr ₹ - Cr Fresh ₹ - Cr OFS
IPO Price Band	₹ 818 - ₹ 821
Minimum Share Bid	18
Minimum Investment Amount [₹]	₹ 14778
Face Value	₹ 10
Qualified Institutional Buyer [QIB]	50%
High Networth Individual [HNI]	15%
Retail Individual Investor [RII]	35%
Listing On	BSE & NSE

Aavas Financiers Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
26-09-2018 : 08:00 AM	10 - 15	200	1000	Neutral

Aavas Financiers Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	54.32	44.90	6.33
FY-2015	103.75	74.80	19.0
FY-2016	190.89	140.94	32.78
FY-2017	305.49	217.93	57.13
FY-2018	457.24	315.49	92.93

Aavas Financiers Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 15.21
Price/Earnings [P/E] Ratio	25.4
Return on Net Worth [RoNW]	8.46 %
Net Asset Value [NAV]	₹ 157.03 Per Share

Aavas Financiers Limited IPO Subscription Details
As on Date	QIB	NII	RII	Total
Shared Offred	42,24,293	31,68,220	73,92,514	1,47,85,027
Day-1 [25-09-2018]	4,87,188 [0.02]	3,042 [0.00]	1,68,138 [0.02]	6,58,368 [0.04]
Day-2 [26-09-2018]	34,31,448 [0.81]	3,77,406 [0.12]	5,08,320 [0.07]	43,17,174 [0.29]
Day-3 [27-09-2018]	1,17,20,412 [2.77]	8,24,868 [0.26]	18,50,796 [0.25]	18,50,796 [0.97]

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Aavas Financiers Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Aavas Financiers Limited IPO Contact Details
Aavas Financiers Limited 201-202, 2nd Floor, South End Square, Mansarover Industrial Area, Jaipur-302 020, Rajasthan, India, Tel: +91 14 1661 8800 Fax: +91 14 1661 8861 E-mail: ipo@aavas.in Website: www.aavas.in

Registrar of Aavas Financiers Limited IPO
Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083 Maharashtra, India, Tel: +91 22 4918 6200 Fax: +91 22 4918 6195 E-mail: aavas.ipo@linkintime.co.in Website: www.linkintime.co.in Investor Grievance e-mail:aavas.ipo@linkintime.co.in Contact person: Shanti Gopalkrishnan SEBI Registration No:- INR000004058

Lead Managers of Aavas Financiers Limited IPO

ICICI Securities Limited ICICI Center, H.T. Parekh Marg Churchgate, Mumbai-400 020 Maharashtra, India, Tel: +91 22 2288 2460 Fax: +91 22 2282 6580 E-mail:-aavas.ipo@icicisecurities.com Website:-www.icicisecurities.com Investor grievance e-mail:-customercare@icicisecurities.com Contact person: Shekher Asnani/ Rishi Tiwari SEBI Registration No:-INM000011179 Citigroup Global Markets India Private Limited 1202, 12th Floor, First International Financial Centre, G-Block, C54 & 55, Bandra Kurla Complex, Bandra (East), Mumbai-400098, Maharashtra, India Tel: +91 22 6175 9999 Fax: +91 22 6175 9898 E-mail: aavas.ipo@citi.com Website: www.online.citibank.co.in/rhtm/citigroupglobalscreen Investor grievance e-mail:investors.cgmib@citi.com Contact person: Amulya Goyal SEBI Registration No.:INM000010718 Edelweiss Financial Services Limited 14th Floor, Edelweiss House Off C S T Road, Kalina, Mumbai 400 098, Maharashtra, India Tel: +91 22 4009 4400 Fax: +91 22 4086 3610 E-mail: aavas.ipo@edelweissfin.com Website: www.edelweissfin.com Investor grievance e-mail: customerservice.mb@edelweissfin.com Contact person: Disha Doshi/ Pradeep Tewani SEBI Registration No.: INM0000010650 Spark Capital Advisors (India) Private Limited No.2 'Reflections', Leith Castle Centre Street Santhome High Road, Chennai 600 028, TamilNadu, India, Tel: +91 44 4344 0000 Fax: +91 44 4344 0090 E-mail: aavas.ipo@sparkcapital.in Website: www.sparkcapital.in Investor grievance e-mail: investorgrievance@sparkcapital.in Contact person:Ramprashanth Ganesan SEBI Registration No.:INM000011138 HDFC Bank Limited Investment Banking Group Unit No. 401 & 402, 4th Floor Tower B, Peninsula Business Park, Lower Parel, Mumbai 400 013 Maharashtra, India, Tel: +91 22 3395 8021 Fax: +91 22 3078 8584 E-mail: aavas.ipo@hdfcbank.com Website: www.hdfcbank.com Investor Grievance e-mail: investor.redressal@hdfcbank.com Contact Person: Rakesh Bhunatar / Ronak Shah SEBI Registration No.: INM000011252

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