Avanse Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to Avanse Financial IPO?
The company has received Sebi green signal for its IPO on 23 October 2024 and now the IPO is expected to open in November 2024.The price band and lot are expected to be announced soon
Who is the promoter of Avanse Financial IPO?
The promoter of the company is OLIVE VINE INVESTMENT LTD
What are the Objects of Avanse Financial IPO?
The Offer comprises of the Fresh Issue and the Offer for Sale.
The Company proposes to utilize the Net Proceeds towards augmenting its capital base to meet its Company’s future capital requirements arising out of growth of its business and assets.
What is the business of Avanse Financial?
Avanse Finance is an education focused non-banking financial company operating in India, and according to the CRISIL MI&A Report, as of March 31, 2024, it is the second largest education focused NBFC in India by assets under management (“AUM”).
According to the CRISIL MI&A Report, it also has the second highest disbursements during the Financial Year 2023 and recorded the second highest profit after tax in Financial Year 2024 among education focused NBFCs in India. According to the CRISIL MI&A Report’s description of its business, it offers a full stack education offering with products ranging from education loans for students to growth capital for education institutions through education infrastructure loans. Through its student-loans – international and our education loans – domestic businesses, we provide loans and other value-added services to Indian students and professionals who are admitted to study overseas or at domestic institutions.
It also provides collateral-backed financing to private educational institutions in India. Its AUM has increased from Rs.48,356.09 million as of March 31, 2022, to Rs.86,460.68 million as of March 31, 2023 and Rs.133,030.47 million as of March 31, 2024, growing at a CAGR of 65.86% between March 31, 2022 and March 31, 2024.
Further, its total income increased to Rs.17,288.06 million for the Financial Year 2024 from Rs.9,902.29 million for the Financial Year 2023 and Rs.5,085.41 million for the Financial Year 2022, and its net profit for the year increased to Rs.3,424.03 million for the Financial Year 2024 from Rs.1,577.11 million for the Financial Year 2023 and Rs.632.07 million for the Financial Year 2022. As a part of its student loans – international business, it provides education loans to Indian students looking to pursue higher education overseas. As of March 31, 2024, through its student loans – international business, it had loans outstanding to 35,802 students attending 1,264 universities/colleges in 41 countries. Moreover, as of March 31, 2024, its student loans – international business had AUM of Rs.104,136.69 million and accounted for 78.28% of our total AUM, with an average sanctioned ticket size of Rs.3.07 million per loan. Its student borrower profile for overseas studies typically comprises young and aspirational individuals from diverse backgrounds, often at the beginning of their credit journey and admitted to pursue courses primarily in the Science, Technology, Engineering and Mathematics (“STEM”) and Business Administration domains. As of March 31, 2024, in our student loans – international business, 73.96% and 23.33% of its students were enrolled in STEM and MBA courses, respectively.
For more information, click https://www.avanse.com
Avanse Financial IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Avanse Financial IPO Details |
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IPO opens on | November 2024 |
IPO closes on | November 2024 |
Issue Type | Book Built Issue IPO |
Issue Size | – Shares / Rs 3500 Crore |
* Fresh Issue | – Sh /Rs 1000 Cr |
* Offer for Sale | ? shares/ Rs.2500 Crore |
Face Value per share: | Rs. 5 |
Price Band | Rs. ? |
Retail Discount | Rs 0 per share |
Employee discount | Rs. ? per share |
Retail Lot Size | ? Shares |
Listing will at | BSE, NSE |
Shares offered in |
Shares | Rs. in Cr |
QIB (75 %) | ? | ? |
NII (15 %) | ? | ? |
RII (10 %) | ? | ? |
Employees | – | – |
Total Shares | ? | ? |
Retail portion will be oversubscribed by | ? Forms. | |
How to apply in Avanse Financial IPO? | Amount Rs. |
|
Min Retail Application | ? Shares | ? |
Max Retail Application | ? Shares | ? |
Small HNI (Min) application | ? Shares | ? |
Small HNI (Max) application | ? Shares | ? |
Big HNI Application | ? Shares | ? |
What is the timetable of Avanse Financial IPO? |
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IPO opens on | November 2024 |
IPO Closes on | November 2024 |
IPO Allotment on | November 2024 |
Unblocking of ASBA | November 2024 |
Credit of Shares | November 2024 |
Listing on | November 2024 |
Registered Office of Avanse Financial | |
4th floor, E-Wing, Times Square, Andheri- Kurla Road, Gamdevi, Marol, Andheri East, Mumbai 400 059, Maharashtra, India | |
Who are the Lead Managers of Avanse Financial IPO? Kotak Mahindra Capital Company Ltd Avendus Capital Private Ltd J.P. Morgan India Private Ltd Nomura Financial Advisory and Securities (India) Pvt ltd Nuvama Wealth Management Ltd SBI Capital Markets Limited |
|
Registrar to IPO | |
Link Intime India Limited |
Avanse Financial IPO Financial & Analytical Ratios |
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Year | Total Income | Net Profit | EPS | RoNW |
Rs. in Cr | Rs.in Cr | Rs. | % | |
2021-22 | 508.28 | 63.21 | 3.83 | 6.26 |
2022-23 | 989.60 | 157.71 | 8.66 | 7.34 |
2023-24 | 1726.96 | 342.40 | 15.40 | 9.31 |
Book Value of the Share on 31.03.2024 |
Rs. | 146 | ||
BV after the FPO | Rs. | ? | ||
Offer Price at Cap | Rs. | ? |
Avanse Financial IPO Ratio Analysis |
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Price /EPS | ? |
Price/Book Value Ratio | ? |
Price/BV after IPO | ? |
How Avanse Financial IPO compares with the Peers?
The Company an education focused non-banking financial company (“NBFC”) operating in India. According to the CRISIL MI&A Report, NBFCs focused on education loans include HDFC Credila Financial Services Limited, Avanse Financial Services Limited and Auxilo Finserve Private Limited based on the size of AUM. Hence, the education focused financing business in which it operates has a few NBFCs, none of which have their equity shares listed on stock exchanges in India.
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Avanse Financial IPO Review
We will update our Review & Guidance, once the price band and other details are announced by the company.
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