Aavas Financiers aims Rs 1,734 cr via IPO

By: |
Mumbai | Published: September 18, 2018 1:15 AM

Jaipur-based Aavas Financiers is planning to raise around Rs 1,734 crore through an initial public offering (IPO).

The housing finance company has set a price band of Rs 818 to Rs 821 per share for its three-day IPO, scheduled to open on September 25. (Facebook)

Jaipur-based Aavas Financiers is planning to raise around Rs 1,734 crore through an initial public offering (IPO).

The housing finance company has set a price band of Rs 818 to Rs 821 per share for its three-day IPO, scheduled to open on September 25.

Bids can be made for a minimum of 18 equity shares and multiples of 18 thereof. The global co-ordinators and book running lead managers to the issue are ICICI Securities, Citigroup Global markets, Edelweiss Financial Services, Spark Capital Advisors and HDFC Bank.The equity shares are proposed to be listed on BSE and NSE. Of the Rs 1,734 crore worth IPO, aroundRs 1,334 crore would be through offer for sale.

The object of the net proceeds of the fresh issue will be utilised towards augmenting capital base to meet the future capital requirements arising out of growth.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1IndiGo to raise up to Rs 4,000 crore in via institutional equity share sale
2HDFC share price gains over 1.5% on mega Rs 14,000 crore QIP launch; stock rallies 22% since March
3Mindspace Business Parks REIT IPO subscribed 13 times; NRIs and HUFs led bidding tally