Aavas Financiers Limited IPO

Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India. The Company is registered with the NHB as an HFC. In addition to home loans, it offers other mortgage loans including loans against property. The company offers home loans to its customers for the purchase or construction of residential properties, and for the extension and repair of existing homes.

As per an ICRA Report, Aavas Financiers had the lowest GNPAs as of March 31, 2018 and the second highest growth rate of AUM for the last three financial years, among affordable housing finance companies with AUM between Rs 25 billion and Rs 200 billion.

Competitive Strengths

1. Deep penetration in underserved rural and semi-urban markets

2. In-house customer sourcing models ensure optimal pricing and good asset quality

3. Robust Credit Assessment, Risk Management, and Collections Framework

4. Access to cost-effective long-term financing

5. Higher cost and management efficiencies owing to the adoption of technology and analytics