Grapevine
Download
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

Avanse Financial Services Files for INR 3,500 Cr IPO Amidst New-Age Tech IPO Boom

  • Avanse Financial Services, backed by Warburg Pincus and other marquee investors, has filed for an INR 3,500 Cr IPO with SEBI.
  • The IPO includes a fresh issue of INR 1,000 Cr and an offer for sale of INR 2,500 Cr, contributing to over INR 1 Lakh Cr of expected IPOs this fiscal.
  • Avanse, a leading NBFC in the education loan market, competes with major banks and other NBFCs, focusing on high-ticket overseas education loans.
  • The company reported a PAT of INR 342.4 Cr in FY24, with a significant increase in operating revenue and interest income.
  • Avanse aims to use the IPO proceeds to augment its capital base, leveraging its strong market position and investor support.

Source: DRHP Filings - https://www.sebi.gov.in/filings/public-issues/jun-2024/avanse-financial-services-limited_84390.html

5mo ago
Find out if you are being paid fairly.Download Grapevine
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
News Discussion
News Discussion13d
by CosmicTacoGrapevine

Aye Finance Greenlights INR 1,450 Cr IPO

• Aye Finance's board approved raising INR 1,450 Cr through IPO with a split of fresh shares worth INR 885 Cr and OFS of INR 565 Cr. • The company's EGM saw significant board changes, with five non-executive directors stepping down. • ...

Post image