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
| Purpose | Amount (₹ Cr) |
|---|---|
| — |
| Metric | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
|---|---|---|---|
| Total Assets | 9,818 | 6,273 | 3,980 |
| Revenue | 1,431 | 1,052 | 689 |
| PAT | 843 | 247 | 139 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 26,211,083 (49%) | — |
| NII / HNI | — | 7,863,326 (15%) | — |
| Retail (RII) | — | 18,347,760 (34%) | — |
| Employee | — | 1,000,000 (2%) | — |
| Total | — | 53,422,169 (100%) | — |
* Amount calculated at upper price band (₹358) · ** Total includes all investor categories
- 1 Initiation of Refund 06 Jul 2017
- 2 Credit of Shares to Demat 07 Jul 2017
- 3 Lock-in Period (30%) August 4, 2017
- 4 Lock-in Period (50%) October 3, 2017
- Retail allocation is good at 34% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 49%.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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