AU Small Finance Bank IPO
AU Small Finance Bank IPO — date, price band, lot size & details 2017
AU Small Finance Bank listed on 10 Jul 2017 at ₹530, 48% above the ₹358 issue price.
AU Small Finance Bank, formerly Au Financiers (India), is a Jaipur based lender serving low and middle income individuals and small businesses through vehicle, MSME and SME loans. Its total income was Rs 1,430.52 crore in FY2017.
Stock price
AU Small Finance Bank is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 28 Jun 2017
- Close 30 Jun 2017
- Allotment 05 Jul 2017
- Refund/credit 06 Jul 2017
- Listing 10 Jul 2017
Issue summary
The terms of the offer, as filed.
| IPO Dates | 28 to 30 Jun, 2017 |
|---|---|
| Price Band | ₹355 – ₹358 |
| Face Value | ₹10 |
| Lot Size | 41 Shares |
| Issue Size | ₹1912.51 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,678 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 41 shares at the ₹358 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 689.41 crore in FY2015 to Rs 1,430.52 crore in FY2017.
- 02Total assets grew from Rs 3,979.90 crore in FY2015 to Rs 9,817.64 crore in FY2017.
- 03Net worth rose from Rs 766.45 crore in FY2015 to Rs 1,999.56 crore in FY2017.
- 04Profit after tax rose from Rs 139.45 crore in FY2015 to Rs 247.15 crore in FY2016.
Risks · 5
- 01Total borrowing rose from Rs 2,552.20 crore in FY2015 to Rs 5,930.78 crore in FY2017.
- 02Converting into a small finance bank brings new costs and RBI rules; profit was Rs 842.71 crore in FY2017.
- 03Its borrowers have limited access to formal finance, which can mean higher credit risk; assets were Rs 9,817.64 crore.
- 04The whole Rs 1,912.51 crore issue was an offer for sale, so none of it went to the company.
- 05The promoters held only 36.03% before the issue and 32.87% after it.
Three years of numbers
All figures in ₹ crore, as reported in the AU Small Finance Bank offer document.
| Metric | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 9,817.64 | 6,273.01 | 3,979.90 |
| Total Income | 1,430.52 | 1,051.95 | 689.41 |
| Profit After Tax | 842.71 | 247.15 | 139.45 |
| NET Worth | 1,999.56 | 1,000.67 | 766.45 |
| Reserves and Surplus | 1,715.31 | 956.59 | 722.37 |
| Total Borrowing | 5,930.78 | 3,817.43 | 2,552.20 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the AU Small Finance Bank IPO will be updated shortly.
AU Small Finance Bank IPO Anchor Investors
57 anchor investors across 20 fund houses committed ₹562.98 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It focuses on the retail segment, serving low and middle income individuals and businesses with limited or no access to formal banking.
Its three business lines were vehicle finance, loans to micro, small and medium enterprises, and loans to small and medium enterprises. It was converting into a small finance bank around the time of the IPO.
The IPO was Rs 1,912.51 crore and was entirely an offer for sale at Rs 358, the top of the Rs 355 to Rs 358 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
AU Small Finance Bank IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
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Citigroup Global Markets India Pvt. Ltd
74 issues handledBest listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of AU Small Finance Bank?
The current Grey Market Premium is ₹82.5, or 23% over the issue price.
What is the AU Small Finance Bank IPO price band?
₹355 to ₹358, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 July 2017, with listing on 10 July 2017.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
