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Aavas Financiers Limited provides affordable housing finance to lower and middle income self employed cutomer in semi-urban and rural area.

According to ICRA Report, the company had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of assets under management for the last three financial years, among affordable housing finance companies that had assets under management between Rs. 25 billion and Rs. 200 billion.

The company is registered with the NHB as an HFC. In addition to home loans, it offers customers other mortgage loans including loans against property, which accounted for 22.44% of its Gross Loan Assets as of March 31, 2018.

Aavas Financiers Limited IPO - Issue Details:

Issuer Aavas Financiers Limited (View Report)
Issue Type 100% Book Built Issue IPO
Issue Period Issue Opens: Sep 25, 2018
Issue Closes: Sep 27, 2018
Price Brand Rs.818 - Rs.821 per Equity Share
Issue Size Fresh Issue: Rs. 4,000 Million
Face Value Rs.10 per Equity Share
Bit Lot 18 Shares and in multiples thereof
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Registrar Link Intime India Private Limited
Listing NSE & BSE
Book Running Lead Managers ICICI Securities, Citigroup, Edelweiss, Spark Capital, HDFC Bank

Key Strategies:

  • Strong Distribution Network with Deep Penetration Serving Underserved Customers in Rural and Semi-Urban Markets
  • In-house Sourcing Model leading to Superior Business Outcomes
  • Robust and Comprehensive Credit Assessment, Risk Management and Collections Framework
  • Access to Diversified and Cost-Effective Long-Term Financing
  • Effective Use of Technology and Analytics to build a Scalable and Efficient Operating Model


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