Aavas Financiers Ltd IPO opens on Sept 25, fresh issue of share comprises worth Rs 4,000 million

By Rohit Sharma


A housing finance firm, Aavas Financiers Limited proposes to open on September 25, 2018, an IPO of equity shares of Face Value of Rs. 10 each Equity Shares for cash at a Price per Equity Share (including a Share Premium) offer comprising a fresh issue of up to Rs. 4,000 million.

The Bid/Offer Period will close on September 27, 2018. The Price Band for the Offer is from Rs. 818 to Rs. 821 per Equity Share. Bids can be made for a minimum lot of 18 Equity Shares and in multiples of 18 Equity Shares thereafter.

According to official release, “An offer for sale of up to 16,249,359 Equity Shares including an Offer For Sale of up to 8,815,439 Equity Shares by Lake District Holdings Limited (Lake District), up to 4,281,907 Equity Shares by Partners Group ESCL Limited (“ESCL” and together with Lake District, Promoter Selling Shareholders), up to 236,339 Equity Shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1 (Kedaara AIF-1” or “Investor Selling Shareholder), and up to 1,879,110 Equity Shares by Partners Group Private Equity Master Fund LLC (Master Fund Or Promoter Group Selling Shareholder) and up to 911,564 Equity Shares by Sushil Kumar Agarwal and up to 125,000 Equity Shares by Vivek Vig (together, the other Selling Shareholders and together with the Promoter Selling Shareholders, Investor Selling Shareholder and Promoter Group Selling Shareholder, the “Selling Shareholders” and such Offer For Sale).”

Similar Articles

Leave a Reply