AU small Finance showed impressive listing on 10th June 2017
Listing Price Expectation by Sonam Sinha ,MBA Finance ,New Delhi has been given at the Page-bottom-box.
On 08.07.2017 at 11.00am GM Rs.103-104
(to now about the Trend in GMP market ,please see Page-Bottom)
As on Date & Time ……………QIB ………..NII …………. RII …..Employee Total
Shares Offered …………….10484434 7863326 18347760 …..1000000 37695520
Day 1 – Jun 28, 2017 05:00 pm 0.0000 0.0836 ……0.3171 …..0.1529 .. 0.1779
Day 2 – Jun 29, 2017 05:00 pm 2.4737 0.6977 ……1.0721 …..0.4377 .. 1.3645
Day 3 – Jun 30, 2017 05:00 pm 78.7409 143.51 ……3.203 …..1.3755 .. 53.4456
1. Mr Sanjay Agarwal
2. Ms Jyoti Agarwal
3. Ms Shakuntala Agarwal
4. Mr Chiranji Lal Agarwal
IPO Opens: Jun 28, 2017
IPO closes on Jun 30, 2017
Issue Type: Book Built Issue IPO
› Offer for Sale of 53,422,169 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
Face Value: Rs 10 Per Equity Share
Price Band: Rs 355 – Rs 358 Per Equity Share
Minimum Order Quantity: 41 Shares
Listing proposed at: BSE, NSE
27th June – Anchor List
28th June – Offer Opens
30th June – Offer Closes
05th July – Finalisation of Basis of Allotment
06th July – Unblocking of ASBA
07th July – Credit to Demat Accounts
10th July – Listing on NSE & BSE
About the Company:
Jaipur-based small finance bank licence holder Au Financiers gets Securities and Exchange Board of India, or Sebi’s approval to launch an initial public offer (IPO), according to two people aware of the development. The company will launch the IPO, which will be pure offer for sale in the next quarter.
According to draft red herring prospect (DRHP) as shown on Sebi’s website, existing shareholders of the company will sell 53.4 million shares through offer for sale.
The company has reduced its foreign holding recently to 49% after Kedaara Capital, ChyrsCapital Investment Advisors India Pvt Ltd, International Finance Corporation and Warburg Pincus partly exited the company, while Motilal Oswal Private Equity made a complete exit. ICICI Securities, HDFC Bank, Motilal Oswal Investment Advisors and Citibank are merchant bankers for the IPO.
Among small finance banks, it will be the third entity that will be listed. Equitas Small Finance Bank got listed in April 2016 and next month Ujjivan Small Finance Bank got listed too. Both Ujjivan and Equitas were operating as microfinance entities at the time of getting listed.
Au Financiers is the only non-banking finance company (NBFC) among the 10 entities to receive in-principle approvals to start small finance banks. In December it received the final licence to start small finance bank operations. Au Financiers is likely to start its banking operations by the middle of April.
In February 2016, Au Financiers had sold its mortgage business to strengthen its capital base.
Au Financiers currently has 300 branches spread across 11 cities, and proposes to increase them to 400 by March 2018. Going forward, the upcoming small finance bank will continue to focus on small and medium enterprise and vehicle loan segment
Citigroup Global Markets India Private Limited
HDFC Bank Limited
ICICI Securities Limited
Motilal Oswal Investments Advisors Pvt Ltd
GMP Trend Report
On 08.07.2017 at 11.00am GM Rs.103-104
On 07.07.2017 at 11.00am GM Rs.95-96
On 06.07.2017 at 11.00am GM Rs.90-92 Allotment declared.
On 05.07.2017 at 11.00am GM Rs.83-86 Kostak: Rs 1050
On 04.07.2017 at 11.00am GM Rs.85-88 Kostak: Rs 1075
On 03.07.2017 at 11.00am GM Rs.83-86 Kostak: Rs 1075
On 01.07.2017 at 11.00am GM Rs.90-92 Kostak: Rs 1125
On 29.06.2017 at 11.00am GM Rs.76-80 Kostak: Rs 650,Subject to Rs.Nil
On 27.06.2017 at 11.00am GMP Rs.94-96 Kostak: Rs 750,Subject to Rs.Nil
On 26.06.2017 at 11.00am GMP Rs.103-106 Kostak: Rs 850,Subject to Rs. 3400/3500
During sunday, at one time GMP was down to Rs. 85/86 but then now it has bounced back.
On 23.06.2017 at 10.00am GMP Rs.102-104 Kostak: Rs 850/950
On 22.06.2017 at 10.00am GMP Rs.110 Kostak: Rs 850
On 21.06.2017 at 10.00am GMP Rs.104 Kostak: Rs 750
On 20.06.2017 at 6.00pm GMP Rs.105 Kostak: Rs 750
On 20.06.2017 at 11.00am GMP Rs.115-117 Kostak: Rs 850
On 17.06.2017 at 05.00pm GMP Rs.115-117 Kostak: Rs 1100
On 16.06.2017 at 11.00am GMP Rs.110-113 Kostak: Rs 900
On 15.06.2017 at 11.00am GMP Rs.107-110 Kostak: Rs 900
On 14.06.2017 at 11.30am GMP Rs.125-127 Kostak: 1150
On 13.06.2017 at 11.00am GMP Rs. 114 Kostak Rs. 800-850