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 Dates 28 – 30 June 2017
Price Band INR355 – 358 per share
Fresh issue Nil
Offer For Sale 53,422,169  shares (INR1,912.5 crore)
Total IPO size 53,422,169  shares (INR1,912.5 crore)
Minimum bid (lot size) 41 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

AU Small Finance Bank’s financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017*
Total revenue 413.1 571.3 689.4 1,052.0 1,430.5
Total expenses 310.4 461.7 482.1 674.7 925.9
Profit after tax 69.4 72.5 139.4 247.2 842.7

*Profit boosted by exceptional income of INR670.3 crore

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

Phone: +91 141 4110 060
Fax: +91 141 4110 090
Email: [email protected]
Website: www.aubank.in

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: [email protected]
Website: http://www.linkintime.co.in

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

Category Shares offered Subscription (no. of times, at 5 PM) 
Day 1 Day 2 Day 3
QIB 10,484,434 0.00 2.47 78.77
NII 7,863,326 0.08 0.69 143.51
Retail 18,347,760 0.32 1.06 3.15
Employees 1,000,000 0.16 0.43 1.36
Total 37,695,520 0.18 1.36 53.42

AU Small Finance Bank IPO allotment status is available on this link.

You can also check your IPO allotment status here –  http://linkintime.co.in/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 BSE: INR525 per share (up 46.6% from IPO price)

Closing Price on BSE: INR541.2 per share (up 51.2% from IPO price)

113 COMMENTS

  1. 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.

  2. 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.

  60. Hi anil here i got ipo of au finance. pls share revies about au finanace..

    Any Whatsapp group is ipo or share pls add me 08490890067

  72. Au finance may list above 480++ as GMP and DEMAND is much higher than expected + market is positive tooooo………480 above listing and then closing above 500 is expected after monday more 20% move is expected in this stock……..to join stock and commodity group Message STKCMDT +918378013917

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