AU Small Finance Bank IPO to open on June 28 and closes on June 30, The company has fixed price band for the offer at Rs 355 to Rs 358 per share. On the upper end of the price band, the size of the IPO would be Rs 1,912 crore. The shares will be listed on the BSE and NSE.

“The floor price is 35.50 times the face value and the cap price is 35.80 times the face value. Bids can be made for a minimum of 41 equity shares and in multiples of 41 equity shares thereafter,” the company said in the notice.

“It is an initial public offering of 53,422,169 shares of face value of Rs10 each,” the company said. Through the IPO, the group and the promoter of the company would be diluting their stake by 3% to 33%.

Other shareholders—Redwood Investment, International Finance Centre (IFC), Labh Investments, Ourea Holdings and Kedaara Capital Alternative Investments—would also partly offer their stake.

The price-to-earnings ratio based in diluted earnings per share (excluding exceptional item) for the financial year ended March for the issuer is as high as 30.49 as compared to average industry peer group P/E ratio of 30.16, the company added.

ICICI Securities, HDFC Bank, Motilal Oswal Investment Advisors, and Citigroup Global Markets India are the book running lead managers to the issue.

About AU Small Finance Bank
We are redefining what a bank should be. We enable a convenient banking experience. We uncomplicate banking for you. The dream started two decades ago by Mr. Sanjay Agarwal, a merit holder Chartered Accountant and a first generation entrepreneur, along with his proficient team. Together, the dexterous team embarked on a journey of excellence while enriching lives along the way. What started off as a dream to be one of the fastest growing NBFCs, AU Financiers is now AU SMALL FINANCE BANK.

Company Promoters:
Mr. Mannil Venugopalan (Chairman of Board)
Mr. Sanjay Agarwal (Promoter, Managing Director and CEO)
Mr. Uttam Tibrewal (Whole-time Director)
Mr. Krishan Kant Rathi (Independent Director)
Ms. Jyoti Ishwar Chandra Narang (Independent Director)

AU Small Finance Bank IPO Issue Detail:

  • Issue Open: The issue opens on Jun 28, 2017 and closes on Jun 30, 2017
  • Issue Type: Book Built Issue IPO
  • Price Band: Rs. 355 – Rs. 358 Per Equity Share
  • Face Value: Rs 10 Per Equity Share
  • Lot Size: 41 equity shares and in multiple thereafter
  • Issue Size: Offer for Sale of 53,422,169 Equity Shares of Rs 10 aggregating up to Rs 1,912 crore
  • Mode of Payment: ASBA is mandatory (cheques will not be accepted)
  • Listing On: BSE, NSE

Tentative timetable

  1. 28th June – Offer Opens
  2. 30th June – Offer Closes
  3. 29th June – Finalisation of Basis of Allotment
  4. 6th July – Initiation of refunds
  5. 8th July – Credit to Demat Accounts
  6. 10th July – Listing on NSE & BSE

Company Contact Information
Head Office
BANK HOUSE, Mile 0, Ajmer Road, Jaipur Rajasthan – 302001
Connect with AU:
Call: 1800-1200-1200

Registrar to the IPO
Link Intime India Private Ltd,
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai 400078
Phone: +91-22-25963838
Fax: +91-22-25946969