Au Financiers (India) Limited IPO (Au Financiers IPO)

Incorporated in 1996, Au Financiers (India) Ltd is Jaipur Rajasthan based non-banking finance company focused on retail segment serving low and middle income individuals and businesses that have limited or no access to formal banking and finance channels.

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Issues open :

28th June - 30 th June

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Market Lot :


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Issue Price :

335 -337

Au Financiers operate in 3 business lines:

  1. Vehicle finance
  2. Micro, small and medium enterprises (MSMEs) loans
  3. Small and medium enterprises (SMEs) loans

On December 20, 2016, Au Financiers received RBI license for Small Finance Bank (SFB). With this company is planning to offer a diverse suite of banking products in near future.

As of December 31, 2016, company had 300 branches spread across 10 states and one union territory in India, with significant presence in the states of Rajasthan, Gujarat, Maharashtra and Madhya Pradesh and employed 6,092 personnel serving 270,692 active loan accounts.

Key Timelines of Au Financiers:

  • 1996 - Incorporated in Jaipur, Raj
  • 2000 - Registered as an NBFC with the RBI
  • 2005 - Became a commercial associate of HDFC Bank for originating and servicing vehicle loans
  • 2007 - Started MSME loans
  • 2011 - Started housing finance
  • 2012 - Started SME loans
  • 2016 - Received a license from the RBI to set up a 'small finance bank' (SFB).

Competitive Strengths

  • Diversified Product Portfolio and Revenue Streams
  • Customer Centric Organizational Commitment
  • Significant Presence in Rural and Semi-Urban Markets with Focus on Low and Middle Income Customers
  • Robust and Comprehensive Credit Assessment and Risk Management Framework
  • Access to Diversified Sources of Funding over the Years

Company Promoters:

The Promoters of the Company are:
  1. Mr Sanjay Agarwal,
  2. Ms Jyoti Agarwal,
  3. Ms Shakuntala Agarwal and
  4. Mr Chiranji Lal Agarwal

Issue Detail:

  • Issue Open: Jun 28, 2017 - Jun 30, 2017
  • Issue Type: Book Built Issue IPO
  • Offer for Sale of 53,422,169 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 335 - Rs 337 Per Equity Share
  • Market Lot: 44 Shares
  • Minimum Order Quantity: 44 Shares
  • Listing At: BSE,NSE