Avanse Financial Services IPO

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Issue size	Rs. 0 Cr
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Bid lot	0 shares and in multiples thereof
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Company Details

We are an education focused non-banking financial company (“NBFC”) operating in India, and as of March 31, 2024, we are the second largest education focused NBFC in India by assets under management (“AUM”) (Source: CRISIL Report). We also have the second highest disbursements during the Financial Year 2023 and recorded the second highest profit after tax in Financial Year 2024 among education focused NBFCs in India (Source: CRISIL Report).

We offer a full stack education offering with products ranging from education loans for students to growth capital for education institutions through education infrastructure loans (Source: CRISIL Report). Through our student-loans – international and our education loans – domestic businesses, we provide loans and other value-added services to Indian students and professionals who are admitted to study overseas or at domestic institutions.

We also provide collateral-backed financing to private educational institutions in India. Our AUM has increased from ₹48,356.09 million as of March 31, 2022, to ₹86,460.68 million as of March 31, 2023 and ₹133,030.47 million as of March 31, 2024, growing at a CAGR of 65.86% between March 31, 2022 and March 31, 2024. Further, our total income increased to ₹17,288.06 million for the Financial Year 2024 from ₹9,902.29 million for the Financial Year 2023 and ₹5,085.41 million for the Financial Year 2022, and our net profit for the year increased to ₹3,424.03 million for the Financial Year 2024 from ₹1,577.11 million for the Financial Year 2023 and ₹632.07 million for the Financial Year 2022.

As a part of our student loans – international business, we provide education loans to Indian students looking to pursue higher education overseas. As of March 31, 2024, through our student loans – international business, we had loans outstanding to 35,802 students attending 1,264 universities/colleges in 41 countries. Moreover, as of March 31, 2024, our student loans – international business had AUM of ₹104,136.69 million and accounted for 78.28% of our total AUM, with an average sanctioned ticket size of ₹3.07 million per loan.

Our student borrower profile for overseas studies typically comprises young and aspirational individuals from diverse backgrounds, often at the beginning of their credit journey and admitted to pursue courses primarily in the Science, Technology, Engineering and Mathematics (“STEM”) and Business Administration domains. As of March 31, 2024, in our student loans – international business, 73.96% and 23.33% of our students were enrolled in STEM and Master of Business Administration (“MBA”) courses, respectively.

Log in to the Mirae Asset Sharekhan app and tap the hamburger menu.
Under the EQUITY dropdown option, tap IPO/OFS/BOND to land on the IPO dashboard.
Click on the Current IPO tab and select the IPO of your choice.
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form.
Read and accept the Terms & Conditions and click on the SUBMIT button. Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well.
Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.

Note: The actual amount will be debited when the shares are allotted to you.

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Log in to the Mirae Asset Sharekhan website and click the IPO & OTHERS menu option you see on the top-right.
From the list of Active IPOs, select the IPO of your choice
On the IPO application form that opens, fill in details like the Demat Account Number, Category of investor, number of lots you wish to invest in, the Cut-Off Price and others.
Now enter your UPI ID (make sure this UPI ID is connected to your Mirae Asset Sharekhan-mapped bank account) on the form. Read and accept the Terms & Conditions and click on the SUBMIT button.
Recheck the details on the order confirmation screen and confirm the order.
Once the exchange receives details about your bid, you will get a notification (IPO mandate request) on your UPI app and an SMS as well. Log in to your UPI app and go to the pending mandates section.
Verify all the details once again and authenticate your bid amount by entering your UPI PIN.
Once done, the IPO application amount will be blocked and you will receive an SMS about the blocked Bid amount.
Your IPO order will now appear on your Mirae Asset Sharekhan Order Book, from where you can modify or cancel your IPO bid if you so wish.

Note: The actual amount will be debited when the shares are allotted to you.

How does an IPO work?

An IPO offers share market participants like you and me an opportunity to be a shareholder in an erstwhile privately held company that is now going public and being listed on the market. Historically speaking, investors who choose the right IPOs make significant returns on their investments, which increases the attraction of IPOs.

Once you are a shareholder, you are eligible to receive dividends from the company proportional to the shares you own. You can also sell your stocks for profit on the stock exchange.

In exchange for its shares, the company has an opportunity to raise huge capital to be used to further enhance its business and scale up its operations. The company also has other benefits, such as credibility; visibility; better leverage to effect mergers, acquisitions and even to procure loans at lower rates of interest.

In India, the entire IPO process is ably regulated by the Securities & Exchange Board of India (SEBI), right from the IPO filing by the company to the bidding, allotments and refunds (in case you aren't allotted shares due to oversubscription).

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Open Date: 21 Mar 2025 | Close Date: 25 Mar 2025

Avanse Financial Services IPO

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Company Details

How to apply for an IPO on the Mirae Asset Sharekhan app

How to apply for an IPO on the Mirae Asset Sharekhan website

How does an IPO work?

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