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Avanse Financial Services Ltd IPO
IPO Details Status: Upcoming
Docs DRHP View Subscription :_______
Bidding Dates To be announced | Minimum Investment ₹-/ - Lot (- Shares) | Price Range ₹-- ₹-- |
Listing Gain ₹_____ | Fresh Issue Offer for Sale 1000.00 Cr 2500.00 Cr | Issue Size ₹3600.00 Cr |
Face Value ₹ - | GMP - _-% | Listing AT NSE,BSE |
Avanse Financial Services Ltd IPO Timeline
IPO Opening Date To be announced | IPO Closing Date - | Basis of Allotment - | Initiation of Refunds - | IPO Listing Date - |
Avanse Financial Services Ltd Subscription Details
Date | QIB | NII | Retail | Total |
| - | - | - | - | - |
| - | ||||
| - |
Avanse Financial Services Ltd IPO Reservation
Investor Category | Shares Offered |
QIB Shares | - |
Retail Shares | - |
NII (HNI) Shares | - |
Avanse Financial Services Ltd Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 14,343.84 | 9,729.95 | 5,453.02 |
| Revenue | 1,728.81 | 990.23 | 508.54 |
| Profit After Tax | 342.4 | 157.71 | 63.21 |
About Avanse Financial Services Ltd
As per the March 2024 report by CRISIL MI&A, Avanse Financial Services Limited is a prominent non-banking financial company (NBFC) in India focusing on education. It ranks second in the sector by both earnings and assets under management (AUM). They offer complete funding for education, including loans for domestic and foreign students as well as loans for school infrastructure. Their AUM increased at a compound annual growth rate (CAGR) of 65.86% from ₹48.4 billion in March 2022 to ₹133 billion in March 2024. Serving around 36,000 students in 41 countries, the international student loan segment accounts for 78.28% of AUM and is mostly used by students pursuing MBA and STEM programs. Additionally, they provide collateral-backed loans to more than 1,900 Indian educational institutions, aiding Indian professionals and students through domestic student loans. Their loans come with individualized underwriting, flexible repayment plans, and extra services like foreign currency and insurance. By using a combination of digital platforms, education counselors, and branches, they can reach 545 places throughout India.
Avanse Financial Services Ltd IPO Objectives
Increasing the capital base to cover the company's future capital needs as a result of its expanding assets and activities.
Covering Offer Costs.
Avanse Financial Services Ltd IPO: Strengths
The second-biggest education-focused NBFC in India, with a fast-growing AUM that will reach ₹13,303 crores in 2024 at a compound annual growth rate of 65.86%.
A hybrid distribution model, backed by a small number of branches and a streamlined sales force, allows for a pan-Indian presence in 545 locations.
Sustaining a low loan default rate of 0.43% with the use of advanced data and AI-driven underwriting and collections frameworks.
With a broad lender base and effective asset-liability management, the debt-to-equity ratio is expected to drop to 2.76 by 2024.
Strong financial development supported by seasoned leadership and well-known investors, with payouts up 47% CAGR and net profit increasing more than five times since 2022.
Avanse Financial Services Ltd IPO: Risks
Exposure to macroeconomic and political risks in important global markets, such as the US, Canada, and the UK, may hurt cash flows and business operations.
Financial stability may be impacted by a high percentage of unsecured loans in both the domestic and international student loan segments, which raises operational and credit risk.
Lack of job placement among borrowers after graduation and a heavy reliance on borrower employability for loan repayment could have a detrimental effect on business success.
Possible difficulties in promptly collecting unpaid balances on secured loans may put a pressure on cash flow and financial outcomes.
Reputational hazards brought on by bad press could damage the company's reputation and affect how it operates.
How To Apply for Avanse Financial Services Ltd IPO Online?
Click and Login to Your Angel One Account : Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Important Link
Avanse Financial Services Ltd allotment link
