Avanse Financial Services, a Non-Banking Financial Company (NBFC), was founded in 2013 with the primary goal of supporting student education. Additionally, the firm offers student loans for higher education abroad. According 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 having primary goals and services it’s known as the second-largest firm for student loans. To raise funds it is going to launch an IPO of 3,500.00 crores, wherein a fresh issue of 1,000.00 crores and an offer for sale of Rs. 2,500.00 crores.
Avanse Financial Services IPO open date is 2024 and the IPO will close on 2024. Avanse Financial Services IPO is a Book Built Issue. The retail quota is 35%, QIB is 50%, and HNI is 15%. Avanse Financial Services IPO to list on BSE & NSE on 2024. The company reported revenue of ₹1,728.81 crores in 2024 against ₹990.23 crore in 2023. The company reported profit of ₹342.4 crores in 2024 against Profit of ₹157.71 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.
Avanse Financial Services IPO Details
| IPO Open Date | 2024 |
| IPO Close Date | 2024 |
| Face Value | ₹5 Per Equity Share |
| Issue Size | Approx ₹3,500.00 Crores |
| Fresh Issue | Approx ₹1,000 Crores |
| Offer for Sale | Approx ₹2,500.00 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE & NSE |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
Avanse Financial Services IPO Timeline
The Avanse Financial Services IPO date is 2024 and the close date is 2024. The Avanse Financial Services IPO allotment will be finalized on 2024 and the IPO listing on 2024.
| IPO Open Date | 2024 |
| IPO Close Date | 2024 |
| Basis of Allotment | 2024 |
| Refunds | 2024 |
| Credit to Demat Account | 2024 |
| IPO Listing Date | 2024 |
Avanse Financial Services: Key Financial Data and Analysis
Avanse Financial Services Limited’s revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 14,343.84 | 9,729.95 |
| Revenue | 1,728.81 | 990.23 |
| Profit After Tax | 342.4 | 157.71 |
| Net Worth | 3,676.72 | 2,149.72 |
| Reserves and Surplus | 3,560.38 | 2,040.73 |
| Total Borrowing | 10,135.25 | 7,210.13 |
