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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 ₹358.00 per share . The lot size for an application is 41. The minimum amount of investment required by an retail is ₹14,555 (41 shares). 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 Date | June 28, 2017 to June 30, 2017 |
| Listing Date | July 10, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹355 to ₹358 per share |
| Issue Price Final | ₹358 per share |
| Lot Size | 41 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 5,34,22,169 shares (aggregating up to ₹1,912.51 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 28,42,50,906 shares |
| Share Holding Post Issue | 28,42,50,906 shares |
Au Financiers IPO offers total 5,34,22,169 shares. Out of which 2,62,11,083 (49.06%) allocated to QIB, 1,04,84,434 (19.63%) allocated to QIB, 78,63,326 (14.72%) allocated to NII, 1,83,47,760 (34.34%) allocated to RII and 1,57,26,649 (29.44%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,62,11,083 (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 (14.72%) | NA |
| Retail Shares Offered | 1,83,47,760 (34.34%) | 4,47,506 |
| Employee Shares Offered | 10,00,000 (1.87%) | NA |
| Total Shares Offered | 5,34,22,169 (100.00%) |
| 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 |
AU Small Finance Bank IPO opens on June 28, 2017, and closes on June 30, 2017.
| IPO Open Date | Wed, Jun 28, 2017 |
| IPO Close Date | Fri, Jun 30, 2017 |
| Tentative Allotment | Wed, Jul 5, 2017 |
| Initiation of Refunds | Thu, Jul 6, 2017 |
| Credit of Shares to Demat | Fri, Jul 7, 2017 |
| Tentative Listing Date | Mon, Jul 10, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 30, 2017 |
Investors can bid for a minimum of 41 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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
| Particulars | For the year/period ended (in Rs. Million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 98,176.41 | 62,730.09 | 39,799.04 | 29,585.91 | 31,128.10 | |
| Total Revenue | 14,305.21 | 10,519.50 | 6,894.08 | 5,713.20 | 4,130.84 | |
| Profit After Tax | 8,427.13 | 2,471.54 | 1,394.50 | 725.40 | 693.58 | |
[Dilip Davda] Even though issue appears fully priced, investors may consider investment for short to long term in this niche player that is poised for better prospects ahead. Read detail review...
| Listing Date | July 10, 2017 |
| BSE Script Code | 540611 |
| NSE Symbol | AUBANK |
| ISIN | INE949L01017 |
| Final Issue Price | ₹358 per share |
| BSE Listing Group | B |
AU Small Finance Bank Ltd.
19 - A Dhuleshwar Garden,
Ajmer Road,
Jaipur - 302001
Jaipur, Rajasthan
Phone: +91 141 4110060
Email: ipo@aufin.in
Website: http://www.aufin.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aufin.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
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 ₹1,912.51 Crores. The issue is priced at ₹358 per share. The minimum order quantity is 41.
The IPO opens on June 28, 2017, and closes on June 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 June 28, 2017 and closes on June 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 Friday, July 7, 2017. Check the AU Small Finance Bank IPO allotment status.
The AU Small Finance Bank IPO listing date is on Monday, July 10, 2017.
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