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)
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.
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.
ryt, book value is 70 which means p/bv is 5. Costly hai bhai ..
Avoid this ipo or we can apply???
It is a clear buy, what is the GMP??
NPA not mentioned clearly.
Good demand for AU, kostak is 850 – 900. Enjoy!
Tell me expected premium…
95 to 105 rs
A day ahead of its IPO, AU Small Finance Bank has been placed under the caution list by RBI to monitor its foreign shareholding which is hovering around the permissible limit of 49%
http://www.livemint.com/Industry/QKqLMGM5zKW09l8vGIdhbN/IPOready-AU-Small-Finance-Bank-placed-under-RBI-caution-lis.html
Means nothing, it is common.
I know it is no big deal. My comment was only for info.
AU finance GMP cracking further
Kostak – 675
GMP – 78-81
More points of concern from an Investment Advisor….
Shall we invest or avoid?
this is going to give at least 25% listing gains
good chance of allotment as retail subscription is low
this may list at 35% premium.
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IPO*
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No allotment in five applications :((((
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IPO ALLOTMENT OUT
IPO ALLOTMENT OUT
I have not got the allotment even appling for 191000
Why not alloted
Several times it was told that you should only one lot but people don’t understand simple thing and ask such question
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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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