Bookbuilding IPO | ₹1,913 Cr | Listed at BSE, NSE | Wed, Jun 28, 2017 - Fri, Jun 30, 2017
AU Small Finance Bank IPO is a book build issue of ₹1,912.51 crores. The issue is entirely an offer for sale of 5.34 crore shares of ₹1,912.51 crore.
AU Small Finance Bank IPO bidding started from Jun 28, 2017 and ended on Jun 30, 2017. The allotment for AU Small Finance Bank IPO was finalized on Jul 5, 2017. The shares got listed on BSE, NSE on Jul 10, 2017.
AU Small Finance Bank IPO price band is set at ₹358 per share. The lot size for an application is 41. The minimum amount of investment required by an retail is ₹14,678 (41 shares) (based on upper price). The lot size investment for sNII is 14 lots (574 shares), amounting to ₹2,05,492, and for bNII, it is 69 lots (2,829 shares), amounting to ₹10,12,782.
The issue includes a reservation of up to 10,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to AU Small Finance Bank IPO RHP for detailed Information.
IPO Open
Wed, Jun 28, 2017
IPO Close
Fri, Jun 30, 2017
Issue Price
₹358 per share
Market Cap (Pre-IPO)
₹10,176.18 Cr
| IPO Date | 28 to 30 Jun, 2017 |
| Listed on | Mon, Jul 10, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹355 to ₹358 |
| Issue Price | ₹358 per share |
| Lot Size | 41 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 5,34,22,169 shares (agg. up to ₹1,913 Cr) |
| Offer for Sale | 5,34,22,169 shares of ₹10 (agg. up to ₹1,913 Cr) |
| Share Holding Pre Issue | 28,42,50,906 shares |
| Share Holding Post Issue | 28,42,50,906 shares |
| BSE Script Code / NSE Symbol | 540611 / AUBANK |
| ISIN | INE949L01017 |
AU Small Finance Bank IPO comprises a total issue size of 5,34,22,169 shares. The net offer to the public is 5,24,22,169 shares, after excluding 10,00,000 shares under a preferential allotment. Of the Net offer 2,62,11,083 (50.00%) are allocated to QIB, 78,63,326 (15.00%) allocated to NII 1,83,47,760 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 2,62,11,083 | 50.00% | 49.06% | NA |
| − Anchor Investor Shares Offered | 1,57,26,649 | 29.44% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 1,04,84,434 | 19.63% | NA | |
| NII (HNI) Shares Offered | 78,63,326 | 15.00% | 14.72% | NA |
| Retail Shares Offered | 1,83,47,760 | 35.00% | 34.34% | 4,47,506 |
| Preferential Reservations | ||||
| Employee Shares Offered | 10,00,000 | 1.87% | NA | |
| Total Shares Offered | 5,34,22,169 | 100.00% | 100.00% | |
Investors can bid for a minimum of 41 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 41 | ₹14,678 |
| Retail (Max) | 13 | 533 | ₹1,90,814 |
| S-HNI (Min) | 14 | 574 | ₹2,05,492 |
| S-HNI (Max) | 68 | 2,788 | ₹9,98,104 |
| B-HNI (Min) | 69 | 2,829 | ₹10,12,782 |
AU Small Finance Bank IPO raises ₹563.01 crore from anchor investors. AU Small Finance Bank IPO Anchor bid date is June 27, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 27, 2017 |
| Shares Offered | 1,57,26,649 |
| Anchor Portion (₹ Cr.) | 563.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 4, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 3, 2017 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1996, Au Financiers (India) Ltd is Jaipur Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.
Au Financiers operate in 3 business lines:
1. Vehicle finance
2. Micro, small and medium enterprises (MSMEs) loans
3. Small and medium enterprises (SMEs) loans
On December 20, 2016, Au Financiers received RBI license for Small Finance Bank (SFB). With this company is planning to offer a diverse suite of banking products in near future.
Key Timelines of Au Financiers:
• 1996 - Incorporated in Jaipur, Raj
• 2000 - Registered as an NBFC with the RBI
• 2005 - Became a commercial associate of HDFC Bank for originating and servicing vehicle loans
• 2007 - Started MSME loans
• 2011 - Started housing finance
• 2012 - Started SME loans
• 2016 - Received a license from the RBI to set up a 'small finance bank' (SFB).
As of December 31, 2016, company had 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts.
Competitive Strengths
• Diversified Product Portfolio and Revenue Streams
• Customer Centric Organizational Commitment
• Significant Presence in Rural and Semi-Urban Markets with Focus on Low and Middle Income Customers
• Robust and Comprehensive Credit Assessment and Risk Management Framework
• Access to Diversified Sources of Funding over the Years
| Period Ended |
|---|
| Amount in ₹ Crore |
The Au Financiers IPO is subscribed 53.6 times on June 30, 2017 5:00:00 PM (Day 3). The public issue subscribed 3.52 times in the retail category, 78.77 times in the QIB category, and 143.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 78.77 | 1,04,84,434 | |
| NII | 143.51 | 78,63,326 | |
| Retail | 3.52 | 1,83,47,760 | |
| Employee | 1.45 | 10,00,000 | |
| Total | 53.6 | 3,76,95,520 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the BRLMs, underwriting commission, brokerage and selling commission (including commissions to SCSBs for ASBA Applications) and Commission payable to Registered Brokers. | 42.04 |
| 2 | Processing fee to the SCSBs for processing Bid cum Application Forms procured by Syndicate/Sub Syndicate and submitted to SCSBs or procured by Registered Brokers. | 1.03 |
| 3 | Offer related advertisements and marketing expenses, printing and stationery, distribution, postage etc. | 30.47 |
| 4 | Fees to the Registrar to the Offer. | 1.00 |
| 5 | Listing Fees and other regulatory expenses and other expenses, (legal advisors and other advisors etc.) | 25.46 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹358.00 | ₹358.00 |
| Open | ₹525.00 | ₹530.00 |
| Low | ₹506.80 | ₹523.70 |
| High | ₹545.00 | ₹547.00 |
| Last Trade | ₹541.20 | ₹541.65 |
Lead Manager Reports
AU Small Finance Bank IPO is a main-board IPO of 5,34,22,169 equity shares of the face value of ₹10 aggregating up to ₹1,913 Crores. The issue is priced at ₹358 per share. The minimum order quantity is 41.
The IPO opens on Wed, Jun 28, 2017, and closes on Fri, Jun 30, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in AU Small Finance Bank IPO using UPI as a payment gateway. Zerodha customers can apply in AU Small Finance Bank IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AU Small Finance Bank IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AU Small Finance Bank IPO opens on Wed, Jun 28, 2017 and closes on Fri, Jun 30, 2017.
AU Small Finance Bank IPO lot size is 41, and the minimum amount required for application is ₹14,678.
You can apply in AU Small Finance Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AU Small Finance Bank IPO will be done on Wednesday, July 5, 2017, and the allotted shares will be credited to your demat account by Fri, Jul 7, 2017. Check the AU Small Finance Bank IPO allotment status.
The AU Small Finance Bank IPO listing date is on Mon, Jul 10, 2017.
