Avanse Financial Services IPO Details, Financials, Valuation & Peers
Explore Avanse Financial Services IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Avanse Financial Services Limited is an non-banking financial company (NBFC) in India specializing in education financing. As the second-largest education-focused NBFC by assets under management (AUM) as of March 31, 2024, Avanse provides a broad spectrum of tailored financial solutions for students and educational institutions. Its offerings include international and domestic student loans and collateral-backed education infrastructure loans for private institutions. Avanse’s portfolio, driven by advanced risk management and analytics, is diversified across various educational segments and supported by a nationwide distribution network.
Key Points:
- Market Leadership: Ranked as the second-largest education-focused NBFC in India by AUM, second in disbursements, and second in profit after tax in FY 2024 (Source: CRISIL).
- Diverse Loan Offerings:
- Student Loans (International): Loans for Indian students attending international universities, representing 78.28% of total AUM with a focus on STEM and MBA programs.
- Student Loans (Domestic): Loans for students and professionals pursuing education within India, contributing 2.71% to AUM.
- Education Institution Loans: Collateral-backed financing for K-12 schools, mostly located in tier-II cities and beyond, supporting infrastructure and capital needs, comprising 17.04% of AUM.
- Distribution Network: Operates across 545 locations in India, combining digital marketing, direct sales, and 320 education counsellors and 452 DSAs.
- Risk Management & Asset Quality: Gross Stage 3 Loans reduced to 0.43% in FY 2024 from 1.29% in FY 2022, reflecting strong risk management practices.
- Value-Added Services: Offers life, health, and travel insurance, wellness benefits, foreign exchange, and financial health reports for borrowers, enhancing customer convenience and engagement.
IPO Docs
Objects of the Issue
- To allow the Selling Shareholders to sell Equity Shares of face value of ₹5 each aggregating up to ₹2,500.00 crore
- To utilize the Net Proceeds towards augmenting the capital base to meet the Company’s future capital requirements arising out of growth of the business and assets.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | To be announced |
| IPO Price Band | TBA |
| Fresh Issue | ₹1,000 crore |
| Offer For Sale | ₹2,500 crore |
| Total IPO Size | ₹3,500 crore |
| Face Value | ₹5 |
| Listing On | BSE, NSE |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| Total Income | 508.54 | 990.23 | 1,728.81 |
| Total Expenses | 423.08 | 778.91 | 1,269.51 |
| Net Profit/Loss | 63.21 | 157.71 | 342.40 |
| NPM (*) | 12.44 | 15.94 | 19.83 |
| Total Assets | 5,453.02 | 9,729.95 | 14,343.84 |
| Total Liabilities | 4,443.35 | 7,580.23 | 10,677.12 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|
| EPS | 3.78 | 8.50 | 15.05 |
| ROE (%) | 6.50 | 12.31 | 12.81 |
| ROCE (%) | NA | NA | NA |
| D/E Ratio | 4.06 | 3.55 | 2.76 |
| Current Ratio | NA | NA | NA |
| EBITDA MARGIN (%) | 73.19 | 77.20 | 78.41 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
No listed peers available for comparison.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not more than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
As the issue has not yet opened, subscription data is unavailable. However, you can view subscriptions for other ongoing issues here.
IPO Registrar
MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited)
Phone: + 91 810 811 4949
Email: ipo.helpdesk@linkintime.co.in
Website: https://linkintime.co.in/
Company Promoters
- OLIVE VINE INVESTMENT LTD
Lead Managers
- Kotak Mahindra Capital Company Limited
- Avendus Capital Private Limited
- J.P. Morgan India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited)
- SBI Capital Markets Limited
Company Address
Avanse Financial Services Limited
4 th floor, E-Wing, Times Square, AndheriKurla Road, Gamdevi, Marol, Andheri East, Mumbai 400 059, Maharashtra, India
Phone: +91 22 6859 9999
Email: companysecretary@avanse.com
Website: www.avanse.com
FAQs
- What is the issue size of the Avanse Financial Services IPO?The Avanse Financial Services IPO has an issue size of ₹3,500 crore. This includes a fresh issue of ₹1,000 crore and an offer for sale (OFS) of ₹2,500 crore.
- What is the price band of the Avanse Financial Services IPO?The price band for the Avanse Financial Services IPO is yet to be announced.
- What are the bidding dates for the Avanse Financial Services IPO?The Avanse Financial Services IPO bidding dates haven't been announced yet.
- What is the allotment date for the Avanse Financial Services IPO?The allotment date for the Avanse Financial Services IPO has not been announced yet.
- What is the listing date for the Avanse Financial Services IPO?The listing date for the Avanse Financial Services IPO has not been announced yet.
- What is the Avanse Financial Services IPO grey market premium?The grey market premium (GMP) for the Avanse Financial Services IPO is currently at ₹0, with an expected listing gain of approximately %. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.