Avanse Financial Services Limited

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Offer Period :

Avanse Financial Services, established in 2013, is an education-focused NBFC providing personalized education financing solutions for Indian students. Backed by Warburg Pincus, Read more... it supports over 1,550 institutions in 49 countries, committed to democratizing education and financing in India.Read less

Avanse Financial Services Limited IPO Details

IPO Date - Minimum Investment ₹ / Lots
Listing Date Maximum Investment ₹ / Lots
Face Value ₹0 per share Total Issue Size ₹0 Crores
Price ₹0 to ₹0 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (0 Shares) Offer For Sale ₹ 0
Listing At Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date -
Listing Date
Face Value ₹0 per share
Price ₹0 to ₹0 per share
Lot Size 1 Lots (0 Shares)
Listing At
Employee Discount ₹0 Crores
Minimum Investment ₹ / Lots
Maximum Investment ₹ / Lots
Total Issue Size ₹0 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

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IPO Starts

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IPO Ends

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Allotment Date

-

Initiation of Refund

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Credit of Shares to Demat Account

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IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 0 0
Public Group 100 100

Avanse Financial Services Limited IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 0(0%)
Retail Shares Offered 0(0%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 0
Total Shares With Anchor Investor 0

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Avanse Financial Services Limited IPO Registrar

Link Intime India Pvt Ltd
Phone Number +91 810 811 4949
Email Id avanse.ipo@linkintime.co.in
Our Website www.linkintime.co.in

Avanse Financial Services Limited IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. Avendus Capital Pvt Ltd

3. J.P.Morgan India Pvt Ltd

4. Nomura Financial Advisory & Securities (India) P L

5. Nuvama Wealth Management Ltd

6. SBI Capital Markets Ltd

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Avanse Financial Services Limited IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Avanse Financial Services Limited

1. India's Second Largest Education Focused NBFC by AUM and Disbursements, and Operating in a Large and Growing Addressable Market in India.

2. Pan-India, Multi-Channel Distribution Presence, Enabling Widespread Coverage with Limited Reliance on Branches.

3. Data-Analytics Driven Underwriting backed by a Robust Enterprise Risk Management and Collections Framework, Leading to a Healthy Asset Quality.

4. Technology and Analytics-Driven Business, with Scalable Operating Model.

5. Well Diversified Liability Profile with a Prudent Approach to Asset Liability Management.

6. Robust Financial Performance with Proven Track Record.

7. Experienced, Cycle-Tested and Professional Management Team backed by Marquee Investors.

Risks Involved

1. Its Erstwhile Promoters are subject to certain ongoing regulatory investigations by enforcement agencies including the Enforcement Directorate and the outcome of such investigations may adversely impact it and the Equity Shares of face value of 5 each held by its Promoter and the market price of its Equity Shares.

2. The company requires substantial capital for its business and any disruption in the cost and availability of capital, including the company sources of financing, could have an adverse effect on its business, results of operations, financial condition and cash flows.

3. The company relies on counsellors, aggregators and direct selling agents for the origination of its loans. Any disruption, negligence, fraud or inefficiency in the services provided by counsellors and aggregators could adversely affect its business, results of operation, financial condition and cash flows.

4. Our student loans - international business is largely concentrated in the United States, Canada and the United Kingdom. This exposes it to political and macro-economic risks in these geographies, which could adversely affect its business, results of operations and cash flows.

5. A substantial portion of loans provided under its student loans - international and education loans - domestic businesses are unsecured and susceptible to certain operational and credit risks which may have an adverse effect on its business, results of operations, financial condition and cash flows.

6. The company is subject to periodic inspections by the Reserve Bank of India. Non-compliance with observations made by the Reserve Bank of India during any such inspections could expose it to penalties and restrictions. Any imposition of penalty or adverse findings by the Reserve Bank of India during any future inspections or otherwise may have an adverse effect on its reputation, business, results of operations, financial condition, and cash flows.

7. Its business has grown rapidly and the company may not be able to sustain its historical growth rates and asset quality metrics in the future. Any inability to manage its growth, asset quality and expansion efforts effectively and execute its growth strategy in a timely manner, or within budget estimates, could have an adverse effect on its business, results of operations, financial condition and cash flows.

8. Any deterioration in the credit quality of its loans could adversely affect the company's business, results of operations, financial condition and cash flows.

9. While the company has applied for consent to undertake the Offer from certain of its lenders, the company has not received consents from some of these lenders as on the date of this Draft Red Herring Prospectus. Any failures to obtain these consents could lead to changes in its plans or strategies, including the company capital raising plan through the Offer.

10. The company depends on the accuracy and completeness of information provided by its borrowers. Any misleading information provided to it by the company borrowers may affect its judgement of their credit worthiness, which could have an adverse effect on its business, cash flows, results of operations, financial condition and cash flows.

Why should you invest in

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Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023
Total Assets 14343.83 9729.95
Total Liabilities 14343.83 9729.95
Total Expenses 1269.51 778.91
Total Revenue 
1728.81 990.23
Profit After Tax 342.4 157.71
EBITDA 1355.54 764.46
Adjusted EBITDA 0 0

Avanse Financial Services Limited IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
0 -
INE087P01025
₹0 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹0 ₹0
Open ₹0 ₹0
Low ₹0 ₹0
High ₹0 ₹0
Low ₹0 ₹0

Frequently Asked Questions

What is Avanse Financial Services Limited IPO?

Answer Field

Avanse Financial Services Limited IPO is a [-] IPO of [-] equity shares of a face value of ₹[-] aggregating up to ₹[-] Crores. The issue is priced at ₹[-] to ₹[-] per share. The minimum order quantity is [-] Shares. The IPO opens on [-], and closes on [-]. Link Intime India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on [-].

When Avanse Financial Services Limited IPO will open?

Answer Field

The Avanse Financial Services Limited IPO opens on [-] and closes on [-].

What is the lot size of Avanse Financial Services Limited?

Answer Field

Avanse Financial Services Limited lot size is [-] shares, and the minimum amount required is ₹[-].

How to apply for Avanse Financial Services Limited IPO?

Answer Field

You can apply in Avanse Financial Services Limited IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Avanse Financial Services Limited IPO allotment?

Answer Field

The finalization of Basis of Allotment for Avanse Financial Services Limited IPO will be done on [-], and the allotted shares will be credited to your demat account by [-].

When is Avanse Financial Services Limited IPO listing date?

Answer Field

The Avanse Financial Services Limited listing date is [-].

Who is the registrar of Avanse Financial Services Limited IPO?

Answer Field

The registrar of Avanse Financial Services Limited IPO is Link Intime India Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Kotak Mahindra Capital Company Ltd,Avendus Capital Pvt Ltd,J.P.Morgan India Pvt Ltd,Nomura Financial Advisory & Securities (India) P L,Nuvama Wealth Management Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Avanse Financial Services Limited IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Avanse Financial Services Limited?

Answer Field

Retail investors can subscribe to a minimum of one lot, [-] shares and ₹[-] amount.

How can I approve the UPI mandate request for Avanse Financial Services Limited IPO?

Answer Field

To apply for Avanse Financial Services Limited IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Avanse Financial Services Limited?

Answer Field

The price of each Avanse Financial Services Limited share will be ranging in between ₹[-] to ₹[-] per share.

What is the cut-off time for the UPI mandate for Avanse Financial Services Limited IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, [-].

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