Avanse Financial Services gets SEBI's nod to float IPO

30 Oct 2024 Evaluate

Avanse Financial Services has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares of up to Rs 1,000 crore and OFS of up to Rs 2,500 crore by the selling shareholders.

The company proposes to use the funds to increase its capital base for future needs. The company's equity shares are proposed to be listed on the BSE and NSE.

Avanse Financial Services offers education financing for students and educational institutions in India. It also caters to students looking to study abroad and offers skill enhancement loans.  


Peers
Company Name CMP
Bajaj Finance 8398.05
Shriram Finance 581.05
Aditya Birla Capital 158.10
SBI Cards AndPayment 849.55
Mah & Mah Finl. Serv 280.65
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