
Avanse Financial Services
BSE, NSE₹ NaN / N/A Shares
Avanse Financial Services IPO Details
The Avanse Financial Services IPO price band is set between ₹N/A per equity share, with a face value of ₹5 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the BSE, NSE.
The IPO date for subscription opens on N/A and closes on N/A. Investors can check the allotment status on N/A, while the listing date is tentatively scheduled for N/A.
The total issue size is , aggregating up to . Stay tuned for the latest Avanse Financial Services IPO review and GMP updates.
Avanse Financial Services IPO Review, Rating & Analysis
Avanse Financial Services IPO Review
NO REVIEWAvanse Financial Services IPO Rating
Avanse Financial Services IPO Highlights
IPO Date
TBA - TBA
Listing Date
Invalid Date
Face Value
₹5 Per Equity Share
Price Band
₹N/A per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Avanse Financial Services IPO Timeline
Issue Price
₹N/A per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Kotak Mahindra Capital Company LimitedAvendus Capital Pvt LtdJ.P. Morgan India Private LimitedNomura Financial Advisory And Securities (India) Pvt LtdNuvama Wealth Management LimitedSBI Capital Markets LimitedIssue Size
Avanse Financial Services IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-24 | 14343.84 | 1728.81 | 342.4 | - | - | - |
| 31-Mar-23 | 9729.95 | 990.23 | 157.71 | - | - | - |
| 31-Mar-22 | N/A | N/A | N/A | - | - | - |
In Cr.
Avanse Financial Services IPO Documents
Promoters & Share Holding
Promoter(s) Name
- Olive Vine Investment Ltd
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Avanse Financial Services Limited is an education-oriented NBFC leader in India. Its assets under management are the second largest in the market, and its ranking for loan disbursements and profit also leads within its peer group. This education advancement-focused NBFC has student loans available for both studies within the country and international study pursuits. Also, secured loans are available to support education institutions' growth and their infrastructure requirements.
Beyond loans, value-added services including life, health, and travel insurance, wellness resources, foreign exchange, and financial health reports are all provided to customers through strategic third-party partnerships. Avanse operates at the grassroots level with a presence across 545 locations across 19 branches, supported by a 215-strong sales force and digital acquisition channel reach into major educational hubs as well as students across the country. Avanse stands for accessible education financing, which empowers students and institutions across the nation with committed, full-spectrum support.
It has serviced 545 locations in India and maintained a hybrid presence by strategically combining its physical branch network of 19 branches and sales offices and its 215-strong sales team with the distribution network. As of March 31, 2024, the company's distribution network consisted of 320 active education advisors and aggregators (agents specializing in education loans), 452 direct sales agents (DSAs), and the direct acquisition channel, which includes the digital marketing initiatives and referrals from existing customers.
Avanse Financial Services IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Assets | 14,343.84 | 9,729.95 | N/A |
| Revenue | 1,728.81 | 990.23 | N/A |
| Profit After Tax | 342.4 | 157.71 | N/A |
Avanse Financial Services IPO - Issue Objectives & Utilisation of proceeds
| Objectives | Amount |
|---|---|
| Augmenting the capital base to meet the Company's future capital requirements arising out of the growth of the business and assets. | - |
| Meeting Offer Expenses. | - |
Frequently Asked Questions about Avanse Financial Services IPO
When will Avanse Financial Services IPO open for subscription?
The Avanse Financial Services IPO opens on announced soon and closes on announced soon.
What is the investors portion for Avanse Financial Services IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 9729.95.
How to apply for Avanse Financial Services IPO?
You can apply for Avanse Financial Services IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Avanse Financial Services IPO?
The issue size of Avanse Financial Services IPO is approx ₹N/A crores.
What is the price band of Avanse Financial Services IPO?
The price band for Avanse Financial Services IPO is ₹N/A per equity share to ₹undefined.
What is the lot size of Avanse Financial Services IPO?
The minimum bid (lot size) for Avanse Financial Services IPO is N/A shares with an investment of approx ₹ NaN .
What is the allotment date of Avanse Financial Services IPO?
The allotment date for Avanse Financial Services IPO is announced soon.
What is the listing date of Avanse Financial Services IPO?
The listing date for Avanse Financial Services IPO is expected to be announced soon.
What is the GMP of Avanse Financial Services IPO?
The latest Grey Market Premium (GMP) for Avanse Financial Services IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
