Au Financiers Ipo Subscription News

Au financiers ipo subscription news

AU Small Finance Bank has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.

Au financiers ipo subscription news

The company operates in three business lines: vehicle finance; micro, small and medium enterprises (MSMEs) loans; and small and medium enterprises (SMEs) loans.

Prior to the conversion into the bank, the company was categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India.

The company received a license from the RBI to set up a ‘small finance bank’ (SFB) on December 20, 2016 and it is the only NBFC categorized as an asset finance company to obtain such license.

Au financiers ipo subscription news

Going forward, it intends to expand and strengthen its business model to offer a diverse suite of banking products and services by leveraging its asset-based lending strengths, existing customer base and cost efficient, technology driven hub-and-spoke branch operating model to create a successful new SFB.

It believes that transitioning to an SFB offers it significant growth potential and it aims to be a retail focused, preferred trusted SFB offering integrated and tailored solutions to customers.

Au Financiers IPO REVIEW /HOW TO APPLY AU FINANCIERS IPO ONLINE

AU Small Finance Bank IPO details
Subscription Dates28 – 30 June 2017
Price BandINR355 – 358 per share
Fresh issueNil
Offer For Sale53,422,169  shares (INR1,912.5 crore)
Total IPO size53,422,169  shares (INR1,912.5 crore)
Minimum bid (lot size)41 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
AU Small Finance Bank’s financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017*
Total revenue413.1571.3689.41,052.01,430.5
Total expenses310.4461.7482.1674.7925.9
Profit after tax69.472.5139.4247.2842.7

*Profit boosted by exceptional income of INR670.3 crore

AU Small Finance Bank Limited
19-A Dhuleshwar Garden,
Ajmer Road, Jaipur 302001

Phone: +91 141 4110 060
Fax: +91 141 4110 090
Email:[email protected]
Website: www.aubank.in

Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Maharashtra, India

Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in

Earnings Per Share (EPS): INR11.74

Price/Earnings (P/E) ratio: 30.2 – 30.5

Return on Net Worth (RONW): 42.14%

Net Asset Value (NAV): INR70.34 per share

AU Small Finance Bank IPO Subscription Details

CategoryShares offeredSubscription (no.

of times, at 5 PM) 

Day 1Day 2Day 3
QIB10,484,4340.002.4778.77
NII7,863,3260.080.69143.51
Retail18,347,7600.321.063.15
Employees1,000,0000.160.431.36
Total37,695,5200.181.3653.42

AU Small Finance Bank IPO allotment status is available on this link.

You can also check your IPO allotment status here –  http://linkintime.co.in/ipo

IPO Opening Date: 28 June 2017

IPO Closing Date: 30 June 2017

Finalisation of Basis of Allotment: 5 July 2017

Initiation of refunds: 6 July 2017

Transfer of shares to demat accounts: 7 July 2017

Listing Date: 10 July 2017

Listing Price on BSE: INR525 per share (up 46.6% from IPO price)

Closing Price on BSE: INR541.2 per share (up 51.2% from IPO price)

Au financiers ipo subscription news