Avanse Financial Services IPO GMP, Open Date, Price Band, Allotment Status

Avanse Financial Services IPO open date is on 23 December to 26 December 2024 (Tentative). This new IPO is a book-built issue of Rs 3500 crore. This upcoming IPO is a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 1000 crore and Offer-for-sale is of Rs 2500 crore.

Avanse Financial Services IPO price band is expected to be around 119 per share. Avanse Financial Services IPO GMP live is 22 indicating mild bullish sentiment for this IPO among investors. Live IPO Grey Market Premium details are visible online.

Avanse Financial Services IPO allotment status live is to be finalised on December 27, 2024. The IPO lot size details are yet to be announced. The minimum investment for the retail investors for 1 lot is expected to be Rs 14,700. The registrar for the Avanse Financial Services IPO is Link Intime India Limited. The listing date is 30 December 2024.

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Avanse Financial Services IPO GMP Live

Avanse Financial Services IPO GMP live 22 per share. You can check the IPO Grey Market Premium Live online from the first day of subscription. If the subscription got oversubscribed then Avanse Financial Services IPO GMP might rise in the coming days.

Avanse Financial Services IPO Price Band

Avanse Financial Services IPO price band is expected to be above Rs 72 per share. However, the final price band is not yet released. The minimum amount of investment for the retail category is to be around Rs 14,750 and for small NII minimum investment is to be around Rs 2,01,000. The minimum investment for the Big NII is to be around Rs 10,01,000.

Avanse Financial Services IPO Open Date, Close Date

Avanse Financial Services IPO open date and close date is expected to be between 23 December to 26 December 2024. However, as of now the open and close date is not yet finalised.

Avanse Financial Services IPO Allotment Status Live

Avanse Financial Services IPO allotment status live is expected to be finalised on 27 December 2024. The listing will be on the BSE and NSE platforms on 31 December 2024. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Avanse Financial Services IPO Listing Date 

Avanse Financial Services IPO's listing date is expected to be on 20 November 2024.  The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Avanse Financial Services IPO: Listing Date, Lot Size, Price Band

Avanse Financial Services IPO  Limited: About the Company

Avanse Financial Services Limited incorporated in 1992, is a NBFC company operating in India with a focus on education. Avanse offers a comprehensive education offering with products ranging from education loans for students to growth capital for educational institutions through education infrastructure loans.

Avanse Financial Services also offers a comprehensive range of value-added services to its borrowers, including life, health, and travel insurance, wellness, and healthcare services, foreign exchange transactions, financial health reports, and opening of overseas bank accounts provided by third parties.

The company operates across India and has a multi-channel distribution network for lending to students and educational institutions with a presence in major educational hubs in India.

As of March 2024, Avanse Financial Services is the 2nd largest education-focused NBFC in India in terms of AUM. Among education-focused NBFCs in India, it recorded the 2nd highest disbursements in FY 2023 and the second-highest profit after tax in FY 2024.

Avanse Financial Services IPO Objectives

Avanse Financial Services IPO objective is to collect funds from the public. The net funds received will be used for increasing the capital base. Also, to meet the future requirements of the business and to meet the offer expenses.

Avanse Financial Services IPO: Key Dates, Allotment, Listing Date

Avanse Financial Services IPO Subscription Status Live

Avanse Financial Services IPO subscription status live will be available after the IPO opens in 23 December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.

Avanse Financial Services IPO Lot Size Details

Avanse Financial Services IPO IPO lot size is set at (x) shares per lot. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,700, and the maximum is 13 lots, amounting to be around Rs 1,90,000. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,01,000.

Avanse Financial Services IPO Promoter Holdings

Avanse Financial Services IPO promoters are Olive Vine Investment Limited. The promoters' shareholdings before the IPO were x%; however, after the IPO, shareholdings will decline.

Avanse Financial Services IPO Registrar

Avanse Financial Services IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Avanse Financial Services IPO Lead Managers

Avanse Financial Services IPO lead managers are Kotak Mahindra Capital Company Limited, Avendus Capital, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

How to apply to Avanse Financial Services IPO

Interested investors can apply to the Avanse Financial Services IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Avanse Financial Services IPO Review

Avanse Financial Services IPO may get a neutral response from the general public. The company is involved in the financial services business. They focused on educational loans and infrastructure for education loans.

Investors interested in the finance sector can apply to this IPO. This upcoming IPO is expected to witness an oversubscription in the last bidding date. Moreover, if the IPO gets a positive response then Avanse Financial Services IPO GMP will also rise.

Avanse Financial Services IPO FAQ

1. What are the details of the Avanse Financial Services IPO?

Avanse Financial Services IPO is a book-built issue of Rs 3,500 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 1000 crore and OFS is of Rs 2500 crores.

2. When will the Avanse Financial Services IPO open and close?

Avanse Financial Services IPO open date and close date is expected to be between 23 December to 26 December 2024. However, as of now the open and close date is not yet finalised.

3. What is Avanse Financial Services IPO GMP Today?

Avanse Financial Services IPO GMP Today is around Rs 22 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Avanse Financial Services IPO GMP might rise in the coming days.

4. What are the details of Avanse Financial Services IPO Subscription Status ?

Avanse Financial Services IPO subscription status live will be available after the IPO opens in the third week of December 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Net Institutional investors.

5. Write the details of the IPO Allotment Status Live?

Avanse Financial Services IPO allotment status Live is expected to be finalised on 27 December 2024. The listing will be on the BSE and NSE platforms on 31 December 2024. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Avanse Financial Services IPO?

Avanse Financial Services IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.

The lead managers are  Kotak Mahindra Capital Company Limited, Avendus Capital, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

Also Read:

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• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?