A housing finance company, Aavas Financiers IPO launched its initial public offering (IPO) worth its 1,734 crores for the subscription on Tuesday. The public issue consists a fresh issue of around INR 400 crore and also an offer for sale around 1,62,49,359 equity shares by Partners Group ESCL, Lake District Holdings, Kedaara Capital Alternative Investment Fund, Partners Group Private Equity Master Fund LLC, Vivek Vig, and Sushil Kumar Agarwal.

Let’s have a look at the IPO details:

Issue Open: September 25 – 27, 2018

Issue Size: 21,121,437 equity shares

Issue Price: INR 818 – INR 821 per Equity Share

Minimum Order Quantity: 18 Equity Shares

Listing At: NSE, BSE

Promoters of the company: Lake District & ESCL

About Aavas Financiers:

Started in 2011, Aavas Financiers Limited is a Jaipur based company engaged in the business of offering affordable housing finance to low & middle-income self-employed clients in rural and semi-urban areas in India. The company provides house loans to its clients for the purchase or development of residential properties and for the repair and extension of existing homes as well.