Nirmal Bang initiates coverage on HFFC and Aavas Financiers, foreseeing growth opportunities. HFFC has 30.5% upside, Aavas 14%. AHFCs posit...

The entire loan book is comprised of retail customers with no exposure to building and commercial realty. Over half of the book is composed...

The company’s assets under management (AUM) increased by 63.4% annually between FY18 and FY20 to Rs 3,618.3 crore. Revenue rose by 73.8% to...

The Rs 1,734-crore initial public offer was subscribed 97 per cent.

The IPO, which opened from September 25-27, was subscribed 97 per cent.

The Rs 1,734-crore IPO received bids for 1,43,96,076 shares against the total issue size of 1,47,85,027 shares, as per data available with ...

Most of the domestic brokerages have recommended subscribing the issue with a long-term perspective.

Price band for the offer has been fixed at Rs 818-821 per share.

Mood at the secondary market usually has a rub-off on primary market offerings.

“Our assets’ average tenure is 13 years. After prepayment, it is seven, eight years.”

The price band for the public issue has been fixed at Rs 818-821.

Aavas had a CRISIL credit rating of A+ in FY18 against BBB+ in FY14.

The company serves customers largely untapped by the top HFCs.

The IPO will open on September 25 and will close on September 27.

The company provides housing finance, primarily to low- and middle-income group customers, in rural and semi-urban areas.

The number of companies getting Sebi approval to float an IPO has reached 48 in 2018.

Penver's total income has grown to Rs 698.42 crore in 2017-18 from Rs 205.52 crore in 2015-16.