AU Small Finance Bank IPO

AU Small Finance Bank IPO

AU Small Finance Bank IPO

AU Small Finance Bank IPO

AU Small Finance Bank has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels. The company operates in three business lines: vehicle finance; micro, small and medium enterprises (MSMEs) loans; and small and medium enterprises (SMEs) loans. Prior to the conversion into the bank, the company was categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India.

The company received a license from the RBI to set up a ‘small finance bank’ (SFB) on December 20, 2016 and it is the only NBFC categorized as an asset finance company to obtain such license. Going forward, it intends to expand and strengthen its business model to offer a diverse suite of banking products and services by leveraging its asset-based lending strengths, existing customer base and cost efficient, technology driven hub-and-spoke branch operating model to create a successful new SFB. It believes that transitioning to an SFB offers it significant growth potential and it aims to be a retail focused, preferred trusted SFB offering integrated and tailored solutions to customers.  

AU Small Finance Bank IPO details
Subscription Dates28 - 30 June 2017
Price BandINR355 - 358 per share
Fresh issueNil
Offer For Sale53,422,169  shares (INR1,912.5 crore)
Total IPO size53,422,169  shares (INR1,912.5 crore)
Minimum bid (lot size)41 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

AU Small Finance Bank's financial performance (in INR crore)

FY2013FY2014FY2015FY2016FY2017*
Total revenue413.1571.3689.41,052.01,430.5
Total expenses310.4461.7482.1674.7925.9
Profit after tax69.472.5139.4247.2842.7

*Profit boosted by exceptional income of INR670.3 crore

AU Small Finance Bank Contact Details

AU Small Finance Bank Limited
19-A Dhuleshwar Garden,
Ajmer Road, Jaipur 302001

Phone: +91 141 4110 060
Fax: +91 141 4110 090
Email: ipo@aubank.in
Website: www.aubank.in

Registrar of AU Small Finance Bank IPO

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: aufin.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Valuation of AU Small Finance Bank IPO (Based on latest FY)

Earnings Per Share (EPS): INR11.74

Price/Earnings (P/E) ratio: 30.2 - 30.5

Return on Net Worth (RONW): 42.14%

Net Asset Value (NAV): INR70.34 per share

AU Small Finance Bank IPO Subscription Details

CategoryShares offeredSubscription (no. of times) 
Day 1Day 2Day 3
QIB
NII
Retail
Total

AU Small Finance Bank IPO Allotment Status

AU Small Finance Bank IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo

LISTING PERFORMANCE OF AU Small Finance Bank IPO

IPO Opening Date: 28 June 2017

IPO Closing Date: 30 June 2017

Finalisation of Basis of Allotment: 5 July 2017

Initiation of refunds: 6 July 2017

Transfer of shares to demat accounts: 7 July 2017

Listing Date: 10 July 2017

Listing Price on NSE: To be updated

Closing Price on NSE: To be updated

6 COMMENTS

  1. P/E ratio isn’t the right valuation metric for banks or financial companies. Hence also include Price to book value (P/B) ratio for a better understanding of valuation.

  2. AU Financiers’ financial performance (in INR crore)

    FY2012 FY2013 FY2014 FY2015 FY2016 6M FY2017
    Total revenue 230.7 413.1 571.3 689.4 1,052.0 694.3
    Total expenses 175.3 310.4 461.7 482.1 674.7 430.0
    Profit after tax 37.3 69.4 72.5 139.4 247.2 685.3????

    • That’s correct, profits increased as a result of sale of investments in housing finance subsidiary and others.
      Thanks for highlighting this! We have added a line just below the table now.

LEAVE A REPLY