Aavas Financiers launches its maiden public offer on 25 September amid high volatility in the secondary market. Although the affordable housing lender has strong financial performance and low NPAs on its side, gloom in the secondary market has often spoiled IPOs of several good companies. Aavas Financiers IPO will include sale of new shares worth INR400 crore while existing shareholders Kedaara Capital, Partners Group ESCL, promoter Sushil Agarwal and others will sell as many as 16,249,359 shares. Priced in the range of INR818 – 821 per share, the IPO has seen active trading in the grey market. Here is a snapshot of Aavas Financiers IPO grey market premium (Aavas Financiers IPO GMP) movement in recent days.
Aavas Financiers IPO Grey Market Premium
Aavas Financiers IPO grey market discount as on today is INR10 per share, Kostak N/A
Aavas Financiers IPO grey market discount as on 1 October 2018 is INR10 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 28 September 2018 is INR10 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 27 September 2018 is INR15 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 26 September 2018 is INR15 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 25 September 2018 is INR50 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 24 September 2018 is INR50 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 21 September 2018 is INR120 per share, Kostak INR500
Aavas Financiers IPO grey market premium as on 20 September 2018 is INR160 per share, Kostak INR600
Aavas Financiers IPO grey market premium as on 19 September 2018 is INR160 per share, Kostak INR600
Aavas Financiers IPO grey market premium as on 18 September 2018 is INR140 per share, Kostak N/A
Aavas Financiers IPO grey market premium as on 17 September 2018 is INR140 per share, Kostak N/A
Aavas Financiers IPO Key Details
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Aavas Financiers IPO details |
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| Subscription Dates | 25 – 27 September 2018 |
| Price Band | INR818 – 821 per share |
| Fresh issue | INR400 crore |
| Offer For Sale | 16,249,359 shares (INR1,329.2 – 1,334.1 crore) |
| Total IPO size | INR1,729.2 – 1,734.1 crore |
| Minimum bid (lot size) | 18 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Aavas Financiers’ Financial Performance
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Aavas Financiers’ standalone financial performance (in INR crore) |
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| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenues | 54.3 | 103.6 | 190.8 | 305.5 | 457.2 | |
| Total expenses | 44.9 | 74.8 | 140.9 | 217.9 | 315.5 | |
| Profit after tax | 6.3 | 19.1 | 32.8 | 57.1 | 92.9 | |
| Net margin (%) | 11.6 | 18.4 | 17.2 | 18.7 | 20.3 | |
Aavas Financiers IPO Review
Aavas Financiers IPO Review: Affordable housing lender at unaffordable rates
Aavas Financiers IPO Key Dates
IPO Opening Date: 25 September 2018
IPO Closing Date: 27 September 2018
Finalisation of Basis of Allotment: 3 October 2018
Initiation of refunds: 4 October 2018
Transfer of shares to demat accounts: 5 October 2018
Listing Date: 8 October 2018
Important points about IPO grey market:
- IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.
- IPO grey market premium rates are provided as sourced from market intelligence. Please note these rates may be different depending on geographies and markets.
- We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.
- Grey market premium is the rate of premium an IPO commands per share in grey market.
- Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
