Avanse Financial Services Limited is an Indian non-banking financial company (NBFC) that primarily provides financial solutions focused on education financing. The company offers a range of products designed to help students and their families fund their higher education, both in India and abroad.
Key Points:
- Industry: Financial Services, Non-Banking Financial Company (NBFC)
- Services:
- Education Loans: Specializes in providing loans for higher education, including loans for studies within India and overseas.
- Personal Loans: May offer other types of personal loans or financing options for individuals.
- Loan Products: Tailored financial solutions for students, covering tuition fees, accommodation, travel expenses, and other education-related costs.
- Target Audience: Primarily students and their families looking for financing options for higher education.
- Business Focus: Facilitating access to education by providing flexible and affordable loan options.
Key Features:
- Customer-Centric Approach: Focus on helping students realize their educational aspirations by offering loans with competitive interest rates and flexible repayment options.
- Partnerships: Likely collaborates with educational institutions to offer easy access to financing for students.
Avanse Financial Services plays a significant role in the education finance space in India, supporting students in pursuing higher education opportunities.
For more details, including specific loan products or financial services, visiting the official website of Avanse Financial Services would provide more information.
Avanse Financial Services IPO Details
| IPO Date | to |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | [.] to [.] per share |
| Lot Size | |
| Total Issue Size | [.] shares (aggregating up to ₹3,500.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | [.] shares of ₹5 (aggregating up to ₹2,500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 251,823,232 |
Avanse Financial Services IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Company Financials
Avanse Financial Services Limited Financial Information (Restated Consolidated)
Avanse Financial Services Limited’s revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | ||||||||||||||||||
| Assets | 14,343.84 | 9,729.95 | ||||||||||||||||||
| Revenue | 1,728.81 | 990.23 | ||||||||||||||||||
| Profit After Tax | 342.4 | 157.71 | ||||||||||||||||||
| Net Worth | 3,676.72 | 2,149.72 | ||||||||||||||||||
| Reserves and Surplus | 3,560.38 | 2,040.73 | ||||||||||||||||||
| Total Borrowing | 10,135.25 | 7,210.13 | ||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||