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:
- Vehicle finance
- Micro, small and medium enterprises (MSMEs) loans
- 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
Au Financiers IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹355 to ₹358 per equity share |
| Market Lot | 41 Shares |
| Min Order Quantity | 41 Shares |
| Listing At | BSE, NSE |
| BSE Script Code | 540611 |
| NSE Symbol | AUBANK |
| ISIN | INE949L01017 |
| Issue Size | Aggregating up to ₹1,912.51 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Au Financiers IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 28-Jun-17 |
| IPO Close Date | 30-Jun-17 |
| Basis of Allotment Date | 5-Jul-17 |
| IPO Listing Date | 10-Jul-17 |
Au Financiers IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 41 | ₹14,678 |
| Maximum | 13 | 533 | ₹190,814 |
IPO Allotment Status
Please Click Hare To Check IPO Allotment Status For Au Financiers (India) Limited
Company Promoters:
The promoters of the company are:
- Mr Sanjay Agarwal
- Ms Jyoti Agarwal
- Ms Shakuntala Agarwal
- Mr Chiranji Lal Agarwal
Company Financials:
| PARTICULAR | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 |
| Total Assets | 98,176.41 | 62,730.09 | 39,799.04 | 29,585.91 | 31,128.10 |
| Total Revenue | 14,305.21 | 10,519.50 | 6,894.08 | 5,713.20 | 4,130.84 |
| Profit After Tax | 8,427.13 | 2,471.54 | 1,394.50 | 725.4 | 693.58 |
Registrar & Company Details
| Company Contact Information | Au Financiers IPO Registrar |
| Au Financiers (India) Limited 19 – A Dhuleshwar Garden, Ajmer Road, Jaipur – 302001 Phone: +91 141 4110060 Email: ipo@aufin.in Website: http://www.aufin.in | Link Intime India Private Ltd Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: aufin.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
