BackAavas Financiers to make stock market debut on Monday
The Aavas Financiers IPO, which opened from September 25-27, was subscribed 97 per cent at a price band of ₹818 to ₹821 per share
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New Delhi: Housing finance company Aavas Financiers, which raised ₹ 1,734 crore through an initial public offering recently, will list its shares on the exchanges on Monday. The IPO, which opened from September 25-27, was subscribed 97 per cent at a price band of ₹ 818 to ₹ 821 per share.
Effective Monday, October 8, 2018, the equity shares of Aavas Financiers shall be listed and admitted to dealings on the exchanges, the NSE and BSE said in separate circulars.
The IPO comprised fresh issue of up to ₹ 400 crore and an offer for sale of up to 1,62,49,359 equity shares, including anchor portion of 63,36,439 equity shares.
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited, Spark Capital Advisors (India) Private Limited and HDFC Bank were the merchant bankers to the issue.
Aavas Financiers offers housing loans to customers from low and middle income segments in semi-urban and rural areas.
This story has been published from a wire agency feed without modifications to the text.
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