Avanse Financial Services is an education focused non-banking financial company operating in India, and according to the CRISIL MI&A Report, as of March 31, 2024, it is the second largest education focused NBFC in India by assets under management. According to the CRISIL MI&A Report, the company also has the second highest disbursements during the Financial Year 2023 and recorded the second highest profit after tax in Financial Year 2024 among education focused NBFCs in India. The company offers a full stack education offering with products ranging from education loans for students to growth capital for education institutions through education infrastructure loans. Through its student-loans –international and education loans –domestic businesses, the company provides loans and other value-added services to Indian students and professionals who are admitted to study overseas or at domestic institutions. It also provides collateral-backed financing to private educational institutions in India. The company operates on a pan-India basis and has a multi-channel distribution network across its student and educational institution loans businesses, with physical presence in major education hubs in India.
| Opening Date To be Announced | Closing Date To be Announced |
| Price Band To be Announced | Issue Size To be Announced |
| Face Value To be Announced | Market Lot To be Announced |
| Listing at NSE,BSE | |
| IPO Open Date | To be Announced |
|---|---|
| IPO Close Date | To be Announced |
| Allotment Date | To be Announced |
| Initiation Of Refunds | To be Announced |
| Credit Of Shares To Demat Account | To be Announced |
| IPO Listing Date | To be Announced |
| UPI Mandate Expiry Date | To be Announced |
| Period Ended | 31 Mar 2024 (in Cr.) | 31 Mar 2023 (in Cr.) |
|---|---|---|
| Assets | 14,343.84 | 9,729.95 |
| Revenue | 1,728.81 | 990.23 |
| Profit After Tax | 342.4 | 157.71 |
| Net Worth | 3,676.72 | 2,149.72 |
| Reserves and Surplus | 3,560.38 | 2,040.73 |
| Total Borrowing | 10,135.25 | 7,210.13 |
| Strengths | Risks | ||
|---|---|---|---|
| India’s second largest education focused NBFC by AUM and disbursements, and operating in a large and growing addressable, market in India | Disruptions in capital availability or cost could negatively impact business, operations, and financial health | ||
| Pan-India, multi-channel distribution presence, enabling widespread coverage with limited reliance on branches | Disruptions or inefficiencies in services from loan originators could harm business and financial performance | ||
| Data-Analytics driven underwriting backed by a robust enterprise risk management and collections framework, leading to a healthy asset quality | International student loan business is concentrated in the U.S., Canada, and the UK, exposing the company to regional political and economic risks | ||
| Well-diversified liability profile with a prudent approach to asset liability management | A large share of student and education loans is unsecured, exposing the company to credit and operational risks that could impact the financial performance | ||
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Avanse Financial Services is an education focused non-banking financial company operating in India
The price band for the IPO is yet to be announced.
The issue size of the company is yet to be announced.
The minimum lot size for this IPO is yet to be announced.
The minimum lot size for this IPO is yet to be announced.
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Registration No: CA0581 | Company CIN : U65999DL2016PLC314319.
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