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Aavas Financiers IPO Subscribed 0.97 times; QIB 2.78, HNI 0.26 & Retail 0.25 times

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Aavas Financiers IPO to hit the market on 25th September and ends on 27th September. The company looks good on papers with the lowest GNPAs as per ICRA and their growth is good in last few years. As per the gmp it was good on the start but its came sharply down due to the market correction. The company has good potential and coming years will be good for them. The PAT is increasing year on year and it will be good to see how investors will take this as short term or long term investments. Brokerage firms are positive for the ipo. Check Aavas Financiers ipo gmp by day to day.

Aavas Financiers IPO Subscription Numbers
(97% Subscribed)

CategoryDay 1Day 2Day 3

Aavas Financiers IPO Review:

  • Apply for Long Term Gain
Brokerage Firm IPO Reviews:
  • Cholamandalam Securities: Subscribe
  • Choice Broking: Subscribe
  • Emkay Global: Subscribe
  • Anand Rathi: Subscribe
  • Reliance Securities: Subscribe
  • Asit C. Mehta: Subscribe

Aavas Financiers IPO Dates & Price Band:

  • IPO Open: 25-September-2018
  • IPO Close: 27-September-2018
  • Issue Size: Approx Rs. 1734 Crore (Approx)
  • Offer for Sale: 16,249,359 Equity Shares
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs. 818 to 821  Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%

Aavas Financiers IPO Market Lot:

  • Shares: Apply for 18 Shares (Minimum Lot Size)
  • Amount: Rs.14,778

Aavas Financiers IPO Allotment & Listing:

  • Basis of Allotment: 03-October-2018
  • Refunds: 04-October2018
  • Credit to demat accounts: 05-October2018
  • Listing: 06-October2018
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