Rahul Khanna
Avanse Financial IPO GMP, aka IPO Grey Market Premium, Kostak rates, and subject to Sauda rates as of today. Avanse Financial IPO GMP is not underway in the grey market; let’s wait for the IPO announcement. Stay tuned for the latest IPO GMP numbers of Avanse Financial IPO.
Avanse Financial IPO is to open in 2024. It is a Main IPO that will raise ₹3,500 crores. The Avanse Financial Services IPO price band is fixed with a lot of shares in the market.
Avanse Financial Services, a Non-Banking Financial Company (NBFC), was created in 2013 with the primary goal of supporting student education. Additionally, the firm offers student loans for higher education abroad. Conferring to the source, it has issued 35,802 student loans for attending 1,264 universities and colleges across 41 countries.
Its AUM increased by 133,030.47 million in 2024. Due to its chief goals and services, it’s known as the second-largest firm for student loans. The revenue for 2024 is ₹1,728.81 crores in 2024, and PAT(Profit After Tax) is ₹3,424.03 million, which is more than the earlier year. To raise funds, it is going to launch an IPO of 3,500.00 crores, with a fresh issue of 1,000.00 crores and an offer for sale of Rs 2,500.00 crores.
About Avnase Financial Services Limited
Avanse Financial Services Limited is an important education-focused non-banking financial company (NBFC) in India. As of March 31, 2024, it is the second largest in its sector by resources under management (AUM) in addition to disbursements and recorded the second-highest profit after tax for FY 2024, according to CRISIL.
Avanse offers a comprehensive range of tutoring financing products, including student loans for international and domestic studies and infrastructure loans for educational institutions. The company’s AUM cultivated 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 outfits to over 35,000 students attending 1,264 universities in 41 countries, directing on STEM and MBA courses. Their education loans – domestic business supports 48,194 students besides professionals in India. The company also provides collateral-backed loans to nearly 2,000 private educational institutions.
Objective
- IPO Grey Market Premium (Avanse Financial IPO GMP) mention is legal for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before part or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change time before listing. Subscribe only, considering the fundamentals of the companies.
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
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