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IPO Analysis : Aavas Financiers

Apurva Joshi Article rating: 4.7

Aavas Financiers plans to raise up to Rs. 1734 cr through offer for sale (OFS) and fresh issue of shares. The OFS includes sale of 1.6 cr shares with face value of Rs 10. The fresh issue will be to raise ~Rs.400 cr by issuing ~48.7 lakh shares. 
The price band is Rs.818 – Rs.821 per equity share with minimum lot size of 18 shares, which translates into minimum investment of Rs.14,724 – Rs.14,778. The offer opens from Sep 25- Sep 28.

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