IPO: Au Financiers/AU Small Finance Bank Limited

Au Small Finance Bank Ltd

♦ ISSUE PERIOD : 28-June-2017 to 30-June-2017
♦ PRICE RANGE: Rs 355 to Rs 358
♦ Lot Size: 41 Shares
♦ Issue Size: 53,422,169 Shares


Au Financiers are a prominent, retail focused non-banking finance company (“NBFC”) primarily serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels. Au Financiers
operate in three business lines: vehicle finance; micro, small and medium enterprises (“MSMEs”) loans; and small and medium enterprises (“SMEs”) loans. Their Company is categorized as a “Systemically Important, Non-Deposit
Accepting Asset Finance Company” (NBFC-ND-AFC) by the Reserve Bank of India. It has been recently transformed into Au Small Finance Bank Limited after RBI approval. Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017. Prior to this it was known as Au Financiers (India) Limited. The Reserve Bank issued the licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

Source: DRHP

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Issue Period 28-Jun-2017 to 30-Jun-2017
Post issue Modification Period 01-Jul-2017 and 03-Jul-2017 (10.00 A.M. to 1.00 P.M.)
Issue Size Initial Public Offering of up to 53,422,169 Equity Shares
Issue Type 100% Book Building
Price Range Rs 355 to Rs 358
Face Value Rs 10
Tick Size Re 1
Bid Lot 41 Equity Shares and in multiples thereof
Minimum Order Quantity 41 Equity Shares
Maximum Subscription Amount for Retail Investor Rs. 2,00,000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers ICICI Securities Limited, HDFC Bank Limited, Motilal Oswal Investment Advisors Limited and Citigroup Global Markets India Private Limited
Syndicate Members HDFC Securities Limited and Motilal Oswal Securities Limited
Categories FI, IC, MF, FII, OTH, CO, IND, NOH and EMP
Name of the Registrar Link Intime India Private Limited
Address of the Registrar C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Contact person name number and Email id Ms. Shanti Gopalkrishnan, +91 22 49186000, aufin.ipo@linkintime.co.in

Source: NSE

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