Aavas Financiers IPO
Aavas Financiers Limited (AAVAS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 08 October 2018.
Listed 8 Oct
Subscribed 0.97x
Listing gain -8.7%
Issue details
Price band
₹818–821
Issue price
₹821
Lot size
18 shares
Min. retail bid
₹14,778
Max. retail bid
13 lots (₹1,92,114)
Issue size
₹1,734 Cr
Face value
₹10
Bidding
25 Sep – 27 Sep 2018
Listing
08 Oct 2018
Retail quota
35%
Registrar
Link Intime India Private Limited
Listing day
Listed at
₹750
-8.7% vs issue price ₹821
Day's high
₹787
-4.1% · low ₹710 (-13.5%)
Day's close
₹774
-5.7% · traded ₹266 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 42,24,293 | 1,17,20,412 | 2.77x | |
| NII (HNI) total | 31,68,220 | 8,24,868 | 0.26x | |
| Retail | 73,92,514 | 18,50,796 | 0.25x | |
| Total | 1,47,85,027 | 1,43,96,076 | 0.97x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Aavas Financiers's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Lemon Tree HotelsMar 2018 | 3.89x | 0.12x | 0.12x | 1.19x | ₹1,039 Cr | +10.0% | +32.0% |
| Mishra Dhatu NigamMar 2018 | 1.96x | 0.12x | 0.72x | 1.21x | ₹755 Cr | -3.3% | +1.1% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| Aster DM HealthcareFeb 2018 | 2.10x | 0.55x | 1.18x | 1.31x | ₹1,010 Cr | -3.7% | -1.1% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Bharat DynamicsMar 2018 | 1.50x | 0.50x | 1.41x | 1.30x | ₹1,667 Cr | -13.6% | -5.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| Spark Capital Advisors (India) | — | — | — |
| HDFC Bank | 16 | +15.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Aavas Financiers IPO price band and lot size? ₹818–821 per share, with a lot of 18 shares, so the smallest retail bid is ₹14,778.
How many times has it been subscribed? 0.97x overall: QIB 2.77x, NII 0.26x, retail 0.25x.
How did it list? It opened at ₹750, -8.7% against the issue price of ₹821, and closed its first day -5.7%.
Other IPOs of 2018
Dinesh EngineersGarden Reach Shipbuilders & EngineersIrcon InternationalHDFC Asset Management CompanyTCNS Clothing Co.Varroc EngineeringRITESFine Organic Industries
All 2018 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
