AU Small Finance Bank has recently transitioned from a prominent, retail focused non-banking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
The company operates in three business lines: vehicle finance; micro, small and medium enterprises (MSMEs) loans; and small and medium enterprises (SMEs) loans. Prior to the conversion into the bank, the company was categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India.
The company received a license from the RBI to set up a ‘small finance bank’ (SFB) on December 20, 2016 and it is the only NBFC categorized as an asset finance company to obtain such license.
Ujjivan small finance bank IPO GMP. Subscribe or avoid
Going forward, it intends to expand and strengthen its business model to offer a diverse suite of banking products and services by leveraging its asset-based lending strengths, existing customer base and cost efficient, technology driven hub-and-spoke branch operating model to create a successful new SFB.
It believes that transitioning to an SFB offers it significant growth potential and it aims to be a retail focused, preferred trusted SFB offering integrated and tailored solutions to customers.
|AU Small Finance Bank IPO details|
|Subscription Dates||28 – 30 June 2017|
|Price Band||INR355 – 358 per share|
|Offer For Sale||53,422,169 shares (INR1,912.5 crore)|
|Total IPO size||53,422,169 shares (INR1,912.5 crore)|
|Minimum bid (lot size)||41 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
|AU Small Finance Bank’s financial performance (in INR crore)|
|Profit after tax||69.4||72.5||139.4||247.2||842.7|
*Profit boosted by exceptional income of INR670.3 crore
AU Small Finance Bank Limited
19-A Dhuleshwar Garden,
Ajmer Road, Jaipur 302001
Phone: +91 141 4110 060
Fax: +91 141 4110 090
Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Earnings Per Share (EPS): INR11.74
Price/Earnings (P/E) ratio: 30.2 – 30.5
Return on Net Worth (RONW): 42.14%
Net Asset Value (NAV): INR70.34 per share
AU Small Finance Bank IPO Subscription Details
|Category||Shares offered||Subscription (no.|
of times, at 5 PM)
|Day 1||Day 2||Day 3|
AU Small Finance Bank IPO allotment status is available on this link.
You can also check your IPO allotment status here – http://linkintime.co.in/ipo
IPO Opening Date: 28 June 2017
IPO Closing Date: 30 June 2017
Finalisation of Basis of Allotment: 5 July 2017
Initiation of refunds: 6 July 2017
Transfer of shares to demat accounts: 7 July 2017
Listing Date: 10 July 2017
Listing Price on BSE: INR525 per share (up 46.6% from IPO price)
Closing Price on BSE: INR541.2 per share (up 51.2% from IPO price)