Avanse Financial Services IPO Overview 2025
The Avanse Financial Services IPO is set to launch in 2024, with its closing date also scheduled for the same year. It is a Book Built Issue IPO, aiming to raise approximately ₹3,500 crore. This includes a fresh issue of ₹1,000 crore and an offer for sale (OFS) of up to ₹2,500 crore, comprising equity shares with a face value of ₹5 each.
Key Details
- IPO Price Band: ₹[.] to ₹[.] per share
- Retail Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- Non-Institutional Investors (NII): 15%
- Listing: Expected on both BSE and NSE in 2024.
- Allotment Date: 2024
- Market Lot: Minimum lot size is [.] shares, with an application amount of ₹[.]. Retail investors can apply for up to 13 lots.
Financial Highlights
Avanse Financial Services has demonstrated substantial growth in its financial performance:
- Revenue: ₹1,728.81 crore in 2024, up from ₹990.23 crore in 2023.
- Profit After Tax (PAT): ₹342.4 crore in 2024, compared to ₹157.71 crore in 2023.
- Assets Under Management (AUM): ₹14,343.84 crore in 2024, reflecting significant growth.
Financial Summary
| Year | Revenue (₹ Cr) | Expenses (₹ Cr) | PAT (₹ Cr) | Assets (₹ Cr) |
|---|---|---|---|---|
| 2023 | ₹990.23 | ₹778.91 | ₹157.71 | ₹9,729.95 |
| 2024 | ₹1,728.81 | ₹1,269.51 | ₹342.4 | ₹14,343.84 |
Valuation Metrics (FY 2024)
- Earnings Per Share (EPS): ₹15.40
- Return on Net Worth (RoNW): 9.31%
- Net Asset Value (NAV): ₹146
- Debt-to-Equity Ratio: 2.76
IPO Objectives
- Enhance Capital Base: To support the company’s growth and future capital requirements.
- Offer Expenses: To cover IPO-related costs.
About the Company
Avanse Financial Services, established in 2013, is a leading Non-Banking Financial Company (NBFC) focused on providing education loans. It has issued over 35,800 student loans across 1,264 institutions in 41 countries, positioning itself as the second-largest player in the education loan sector.
Important Dates
| Event | Date |
|---|---|
| IPO Open Date | 2024 |
| IPO Close Date | 2024 |
| Basis of Allotment | 2024 |
| Refunds Initiation | 2024 |
| Demat Credit Date | 2024 |
| Listing Date | 2024 |
IPO Application Process
Investors can apply for the IPO through:
- ASBA (Application Supported by Blocked Amount) via bank accounts.
- UPI through stockbrokers.
- Offline Forms via brokers.
Lead Managers & Registrar
- Merchant Bankers:
- Kotak Mahindra Capital
- Avendus Capital
- J.P. Morgan India
- SBI Capital Markets, among others.
- Registrar:
- Link Intime India Private Ltd
- Contact: +91-22-4918 6270 | avanse.ipo@linkintime.co.in
Promoter Details
The primary promoter of Avanse Financial Services is Olive Vine Investment Ltd.
FAQs
What is the issue size of the Avanse Financial Services IPO?
- The total issue size is ₹3,500 crore, comprising ₹1,000 crore fresh issue and ₹2,500 crore OFS.
What is the IPO price band?
- The price band is ₹[.] to ₹[.] per equity share.
When will the IPO list on the stock exchanges?
- The IPO will list on BSE and NSE in 2024.
How can I apply for the IPO?
- You can apply online via ASBA, UPI, or offline through stockbrokers.
(Note: The IPO dates and price band will be updated upon official announcement. Grey market premium (GMP) details will also be added once available.)