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Aavas Financiers Ltd Financial Results, PAT Growth of 66% YoY, AUM Growth of 49% YoY

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By Vivek K. Mobile: 09920183006 Email: indianshowbusiness@gmail.com

Aavas Financiers Limited has declared Un-audited Financial Results for the quarter and nine-months ended 31st December 2018.

Key Performance Metrics for 9MFY19:

Particulars (Rs. Mn)

9M FY19

9M FY18

Y-o-Y

AUM

52,834

35,477

49%

Disbursements

17,994

13,090

37%

PAT

1,218

732

66%

GNPA (%)

0.58%

0.82%

Improved by 24 bps

ROA (%)

3.58%

3.22%

Maintained above 3%

Incremental Loan Accounts (No.)

21,923

15,697

40%

NIMs (Incl. Fee & Other Income)

9.39%

8.86%

Improved by 53 bps

 

Performance Highlights:

  • ·         AUM as on 31st December 2018 is Rs. 52,834 Mn of which
    • o   Home Loans contributed 75% with ATS of Rs. 0.88 Mn
    • o   Other Mortgage Loans contributed 25% with ATS of Rs. 0.77 Mn
  • ·         71 new branches opened in last 12 months. The total number of branches stands at 210 as on 31st December 2018
  • ·         Gross NPAs is 0.58% improved by 24 bps and Net NPAs is 0.49% improved by 21 bps of the Outstanding Loan Book
  • ·         The Company has diversified borrowings. 87% of our borrowings are from Term Loans, Assignment, NHB Refinancing and Cash Credit. Only 13% of our borrowings are from debt capital market with no borrowings by way of Commercial Papers
  • ·         The Company continues to maintain positive ALM across tenors & has strong liquidity of ~ Rs. 17,400 Mn as on 31st December 2018

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Aavas Financiers receives fresh Refinance Assistance of Rs. 400 Crores

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Aavas Financiers limited (Aavas), Jaipur based Affordable housing Finance company has received fresh Refinance Assistance of Rs. 400 Crores in addition to the approval of undrawn limit of Rs. 100 Crores pertaining to previous Year, in December 2018. Such refinance assistance will further strengthen liquidity position of the Company, post the successful round of fund raise of INR 200 Crores from CDC Group through issuance of Rupee Denominated Masala Bonds.

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Aavas Financiers raises INR 200 crores from CDC Group through issuance of Rupee Denominated Masala Bonds

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Aavas Financiers Limited (“Aavas”), one of India’s leading affordable housing finance companies, has received investment from CDC Group Plc (“CDC”), the United Kingdom’s Development Finance Institution, to successfully raise INR 200 crores by issuance of Rupee Denominated Masala Bonds. This is Aavas’s maiden Masala Bond issue and can be listed on London Stock Exchange or any other international stock exchanges in future.

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The listing ceremony of Aavas Financiers Limited was held on October 08, 2018 at NSE

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The management of Aavas Financiers Limited Mr. Sushil Kumar Agarwal (Whole-Time Director and CEO), Mr. Ghanshyam Rawat (CFO), Mr. KK Rathi (Chairman), Mr. Vikram Limaye (CEO and MD) NSE, along with bankers and family members present for the bell ringing ceremony at the listing of Aavas Financiers Limited held today at NSE.

Mr. Sushil Kumar Agarwal (Whole-Time Director and CEO), Mr. KK Rathi (Chairman) and Mr Ghanshyam Rawat (CFO) of Aavas Financiers Limited presenting a memento to Mr Sanjay Agarwal, MD and CEO, AU Small Finance Bank at the listing ceremony of Aavas Financiers Limited held today at NSE.

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Aavas Financiers Limited successfully completes IPO

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Aavas successfully completes IPO despite challenging market conditions

Aavas Financiers’ initial public offering closed successfully on Thursday September 27th amid challenging stock market conditions for the entire BFSI sector.

The issue garnered robust demand from institutional investors, who were attracted by the strong management team and differentiated business model leading to best-in-class operational metrics. Aavas is focused only on granular, retail home loans, and has a positive asset-liability match with no exposure to commercial paper. Read more

Aavas Financiers Limited: Initial Public Offer to open on September 25, 2018* and to close on September 27, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R): Mr. Jibi Jacob (Edelweiss Financial Services Limited); Mr. Ajay Saraf (ICICI Securities Limited); Mr. Manas Tandon (Partners Group); Mr. Nishant Sharma (Kedaara Capital); Mr. Sushil Kumar Agarwal (Whole-Time Director and CEO, Aavas Financiers Limited); Mr. Ghanshyam Rawat (Chief Financial Officer, Aavas Financiers Limited); Mr. Ravi Kapoor (Citigroup Global Markets India Private Limited); Mr. Unmesh Sharma (HDFC Bank Limited) and Mr. Abhijit Chiripal (Spark Capital Advisors (India) Private Limited) at the announcement of Aavas Financiers Limited IPO.

Aavas Financiers Limited (the “Company”), proposes to open on September 25, 2018*, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a fresh issue of up to [●] Equity Shares aggregating up to Rs. 4,000 million (“Fresh Issue”) and an offer for sale of up to 16,249,359 Equity Shares including an Offer For Sale of up to 8,815,439 Equity Shares by Lake District Holdings Limited (“Lake District”), up to 4,281,907 Equity Shares by Partners Group ESCL Limited (“ESCL” and together with Lake District, “Promoter Selling Shareholders”), up to 236,339 Equity Shares by Kedaara Capital Alternative Investment Fund – Kedaara Capital AIF 1 (“Kedaara AIF-1” or “Investor Selling Shareholder”), and up to 1,879,110 Equity Shares by Partners Group Private Equity Master Fund LLC (“Master Fund” Or “Promoter Group Selling Shareholder”) and up to 911,564 Equity Shares by Sushil Kumar Agarwal and up to 125,000 Equity Shares by Vivek Vig (Together, The “Other Selling Shareholders” and together with the Promoter Selling Shareholders, Investor Selling Shareholder and Promoter Group Selling Shareholder, the “Selling Shareholders” and such Offer For Sale, the “Offer For Sale”) . Read more