Comments
Housing finance company Aavas Financiers, which raised Rs 1,734 crore through an initial public offering recently, will list its shares on the exchanges on Monday. The IPO, which was open from September 25-27, was subscribed 97 per cent at a price band of Rs 818 to Rs 821 per share.
Effective Monday, October 8, 2018, the equity shares of Aavas Financiers shall be listed and admitted to dealings on the exchanges, the NSE and BSE said in separate circulars.
The IPO comprised fresh issue of up to Rs 400 crore and an offer for sale of up to 1,62,49,359 equity shares, including anchor portion of 63,36,439 equity shares.
ICICI Securities Ltd, Citigroup Global Markets India Private Ltd, Edelweiss Financial Services Ltd, Spark Capital Advisors (India) Private Ltd and HDFC Bank were the merchant bankers to the issue.Aavas Financiers offers housing loans to customers from low and middle-income segments in semi-urban and rural areas.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.