Yesterday, the Public Issue (IPO) of Jaipur based AU Small Finance Bank opened.
I am sure in the current BULL RUN, small and medium investors are running after all IPO’s to get good listing gains !!!
This is the fifth and last public issue for the month of June, followed by CDSL, Tejas Networks, GTPL Hathway and Eris Lifesciences.
I am sure you might be searching for all details about AU Small Finance Bank IPO.
AU Small Finance Bank was one of the 10 non-banking finance companies (NBFCs) that obtained approvals from RBI for setting up a small finance bank in September 2015.
Incorporated in 1996, Au Financiers (India) Ltd is Jaipur, Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.
Au Financiers operate in 3 business lines:
1. Vehicle finance
2. Micro, small and medium enterprises (MSMEs) loans
3. Small and medium enterprises (SMEs) loans
On December 20, 2016, Au Financiers received RBI license for Small Finance Bank (SFB). With this company is planning to offer a diverse suite of banking products in near future.
As of December 31, 2016, company had 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts.
AU Small Finance Bank Promoters:
- Mr Sanjay Agarwal
- Ms Jyoti Agarwal
- Ms Shakuntala Agarwal
- Mr Chiranji Lal Agarwal
AU Small Finance Bank IPO Detail :
Issue Open: Jun 28, 2017 – Jun 30, 2017
Issue Type: Book Built Issue IPO
Issue Size: Offer for Sale of 53,422,169 Equity Shares of Rs 10
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 355 – Rs 358 Per Equity Share
Market Lot: 41 Shares
Minimum Order Quantity: 41 Shares
Listing At: BSE, NSE
Important Dates of AU Small Finance Bank IPO :
Bid/Offer Opens On: June 28, 2017
Bid/Offer Closes On: June 30, 2017
Finalisation of Basis of Allotment: On or about July 05, 2017
Initiation of refunds: On or about July 06, 2017
Credit of Equity Shares to demat accounts: On or about July 07, 2017
Commencement of trading of the Equity Shares on the Stock Exchanges: On or about July 10, 2017
Download Red Herring Prospectus of AU Small Finance Bank IPO :
Grey Market Premium (GMP) of AU Small Finance Bank :
According to market reports and information available online, currently the Grey market premium (As of June 29) for AU Small Finance Bank IPO stands somewhere between 60 – 75 Rs. per share.
This means people are expecting a listing gains of around 15 to 20% for this IPO.
Buy Investment Related Books in English, Hindi, Gujarati & Marathi Online !
Company Contact Information :
Au Financiers (India) Limited
19 – A Dhuleshwar Garden,
Jaipur – 302001
Phone: +91 141 4110060
Fax: +91 141 4110090
AU Small Finance Bank IPO Registrar :
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
AU Small Finance Bank IPO Lead Manager(s) :
1. Citigroup Global Markets India Private Limited
2. HDFC Bank Limited
3. ICICI Securities Limited
4. Motilal Oswal Investments Advisors Pvt Ltd
Note : Soon we will have details about how you can check allotment of AU Small Finance Bank IPO on our website. Visit again.