Avanse financial services IPO Details Today : Avanse financial services IPO Details Today is Open on [.] 2024 and Close on [.] 2024. Avanse financial services IPO to Raise [.] shares (Approx ₹[.] Cr) via IPO. The Fresh issue of [.] Shares (Approx ₹[.] Cr).
We are an education focused non-banking financial company (“NBFC”) operating in India. 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. Through our student-loans – international and our education loans – domesticbusinesses, we provide loans and other value-added services to Indian students and professionals who are admitted to study overseas or at domestic institutions.
we are the second largest education focused NBFC in India by assets under management (“AUM”) . 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.
We also provide collateral-backed financing to private educational institutions in India. 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.
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.
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.
we have serviced 545 locations in India, maintaining a hybrid presence, and strategically combining our physical branch network of 19 branches and sales representative offices, and staffed with a 215 member sales team, with our distribution network. As of March 31, 2024, our distribution network consisted of 320 active education counsellors and aggregators (agents specializing in education loans), 452 direct selling agents (“DSAs”), and our direct acquisition channel which includes our digital marketing initiatives and referrals from existing customers.
We have made investments in direct channels of marketing, including by building our sales team, thereby creating awareness for our brand and contributing to student loan applications directly. We have deployed marketing campaigns backed by our content strategy through search engine marketing as well as social media campaigns to generate student, parent and educational institution interest.
We generate and present topical education related content on our website. Further, we generate applications from our existing borrower base through referral campaigns. Our domain knowledge translated through training enables our sales team to source and sanction more leads, thereby growing our business.
Object of the Issue
- Repayment and/ or prepayment of all or a portion of certain outstanding borrowings availed by our Company.
- General corporate purposes.
Our Company Promoters
- Olive Vine Investment Ltd
Qualitative Factors
- India’s Second Largest Education Focused NBFC by AUM and Disbursements, and Operating in a Large and GrowingAddressable Market in India.
- Pan-India, Multi-Channel Distribution Presence, Enabling Widespread Coverage with Limited Reliance on Branches.
- Data-Analytics Driven Underwriting backed by a Robust Enterprise Risk Management and Collections Framework, Leading to a Healthy Asset Quality.
- Technology and Analytics-Driven Business, with Scalable Operating Model.
- Well Diversified Liability Profile with a Prudent Approach to Asset Liability Management.
- Robust Financial Performance with Proven Track Record.
- Experienced, Cycle-Tested and Professional Management Team backed by Marquee Investors.
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Avanse financial services Company Contact Details
4 th floor, E-Wing,
Times Square, Andheri- Kurla Road, Gamdevi, Marol, Andheri East,
Mumbai 400 059,
Maharashtra, India
Contact Person: Rajesh Pravinkumar Gandhi
Email: companysecretary@avanse.com
Telephone: +91 22 6859 9999
Webiste: www.avanse.com
Avanse financial services IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor
247 Park, L.B.S. Marg
Vikhroli West
Mumbai 400 083
Maharashtra, India
Tel: +91 810 811 4949
Email: avanse.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: avanse.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
