IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Qualified Institutional Buyers  |   Retail Individual Investors  |   Non-institutional Investors  |   Eligible Employees and Eligible Shareholders  |  

About Avnase Financial Services Limited

Avanse Financial Services Limited is a leading education-focused non-banking financial company (NBFC) in India. As of March 31, 2024, it is the second largest in its sector by assets under management (AUM) and disbursements, and recorded the second-highest profit after tax for FY 2024, according to CRISIL.

Avanse offers a comprehensive range of education financing products, including student loans for international and domestic studies and infrastructure loans for educational institutions. The company’s AUM grew at a CAGR of 65.86% from ₹48,356.09 million in March 2022 to ₹133,030.47 million in March 2024.

Avanse's student loans – international business caters to over 35,000 students attending 1,264 universities in 41 countries, focusing on STEM and MBA courses. Their education loans – domestic business supports 48,194 students and professionals in India. The company also provides collateral-backed loans to nearly 2,000 private educational institutions.

Avanse operates a pan-India distribution network with a hybrid presence, leveraging education counsellors, direct selling agents, and digital channels. The company emphasises a student-centric approach, offering value-added services like insurance and foreign exchange, ensuring flexible payment options, and maintaining robust risk management and technology-enabled collections frameworks.

Industry Outlook:

  1. Private unaided schools in India are projected to generate ₹28 trillion in revenue between FY 2024 and FY 2029, per CRISIL.
  2. Infrastructure spending by educational institutions is expected to reach ₹7 trillion between FY 2024 and FY 2029, growing at a CAGR of ~22%.

Avnase Financial Services IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Deployment is based on business circumstances, management estimates, market conditions, and commercial factors.
  2. General Corporate Purposes.

Peer Details

There are no listed companies in India or abroad engaged in developing a similar line of product solutions to those of Avnase Financial Services Limited.

How to Check the Allotment Status of the Avnase Financial IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for.
  • Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Avnase Financial Services Limited IPO

  • Registered office: 4th floor, E-Wing, Times Square, Andheri Kurla Road, Gamdevi, Marol, Andheri East, Mumbai 400 059, Maharashtra, India
  • Phone: +91 22 6859 9999
  • E-mail: companysecretary@avanse.com

IPO Financials

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Assets Under Management (in ₹ million) 133,030.47 86,460.68 48,356.09
Disbursement (in ₹ million) 63,350.03 61,416.31 29,284.88
Revenue from Operations (in ₹ million) 17,288.06 9,902.29 5,085.41
Profit After Tax (PAT) (in ₹ million) 3,424.03 1,577.11 632.07
Cash & Cash Equivalents (in ₹ million) 13,007.60 7,870.77 3,252.67
Net Worth (in ₹ million) 36,767.17 21,497.22 10,096.64
Debt to Equity Ratio(x) 2.76 3.35 4.06
Capital to Risk Assets Ratio (CRAR) (%) 27.52 24.86 22.96
Earning Per Share (EPS)-in absolute ₹ 15.05 8.50 3.78

Know before investing

Strengths

7

  1. Second largest education-focused NBFC in India by AUM.

  2. AUM grew from ₹75B (FY 2019) to ₹418B (FY 2024).

  3. Pan-India distribution network with 545 locations and 19 branches.

  4. Technology-driven underwriting ensures healthy asset quality and low GNPA.

  5. Comprehensive value-added services, including insurance, wellness, and foreign exchange.

  6. A robust risk management framework ensures stability and sustainability.

  7. Diversified liability profile with 38 lending relationships by March 2024.

Risks

8

  1. Regulatory investigations of erstwhile promoters may impact market price.

  2. Requires substantial capital; disruptions could affect business operations.

  3. Heavy reliance on counsellors, aggregators, and DSAs for loans.

  4. Student loans concentrated in the US, UK, and Canada; political risks.

  5. A large portion of loans are unsecured, posing credit risks.

  6. Subject to RBI inspections, non-compliance may lead to penalties.

  7. Rapid growth may not be sustained; asset quality could decline.

  8. Deterioration in loan credit quality impacts business and cash flow.

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Avnase Financial Services IPO FAQs

What is Avnase Financial Services IPO?

Avnase Financial Services IPO is a book-built IPO. The exact dates and price range are yet to be announced. 

When will Avnase Financial IPO be allotted?

The exact dates and price range are yet to be announced. 

When will Avnase Financial Services IPO open for subscription?

The IPO subscription window is not announced yet.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot. However, the lot size has not been announced yet.

When will Avnase Financial Services Limited list on exchanges?

The exact date is not announced yet.

How do I check the allotment status of the Avnase Financial Services IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the individual order details page of the IPO that you had applied for. 
  • Check the IPO allotment status as such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

What would be the listing gains on the Avnase Financial Services IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange. The exact date is not announced yet.

I have finished the application process for the Avnase Financial IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Avnase Financial Services IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Avnase Financial Services Limited using one PAN?

You can submit only one application using your PAN card.