iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Avanse Financial Services Files for ₹3,500 Crore IPO

21 Jun 2024 , 07:01 PM

Mumbai-based Avanse Financial Services, backed by Warburg Pincus, Kedaara Capital, and IFC, has submitted draft papers to SEBI for raising ₹3,500 crore through an initial public offering (IPO). This move could mark the first-ever listing of an education-focused non-banking financial company (NBFC) in India.

IPO Details

  • Total Issue Size: ₹3,500 Crore
  • Fresh Issue: ₹1,000 Crore
  • Offer for Sale (OFS): ₹2,500 Crore by Warburg Pincus, Kedaara Capital, and IFC

According to the draft red herring prospectus (DRHP), the net proceeds from the IPO will be utilized to enhance Avanse’s capital base, supporting future capital needs due to business and asset growth.

Investment Banks Involved

  • Kotak Mahindra Capital
  • Nomura
  • JP Morgan
  • Avendus Capital
  • Nuvama
  • SBI Capital

Background and Financials

Warburg Pincus acquired an 80% stake in Avanse Financial Services from the Wadhavan Global Capital group in March 2019. IFC has been involved since 2013, and Kedaara Capital invested ₹800 crore in January 2023.

Avanse offers loans across three segments: student loans, loans for professionals, and institutional loans. As of March 31, 2024, it is the second-largest education-focused NBFC in India by assets under management (AUM). The company also had the second-highest disbursements and profit after tax in FY2024 among its peers.

Financial Growth

  • AUM Growth: From ₹4,835.6 Crore (March 31, 2022) to ₹13,303 Crore (March 31, 2024), with a CAGR of 65.86%.
  • Total Income:
    • FY2022: ₹508.5 Crore
    • FY2023: ₹990 Crore
    • FY2024: ₹1,729 Crore
  • Net Profit:
    • FY2022: ₹63.2 Crore
    • FY2023: ₹158 Crore
    • FY2024: ₹342.4 Crore


Related Tags

  • Avanse Financial Services
  • Avanse Financial Services IPO
  • Avanse Financial Services IPO DRHP
  • Avanse Financial Services IPO news
sidebar mobile


Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.