Aavas Financiers has raised Rs 150 crore through the allotment of 15,000 rated, listed, senior, secured, redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 1,00,000 per Debenture to Kotak Mahindra Bank. The NCDs are proposed to be listed on the BSE. The date of maturity will be 60 months from the date of allotment i.e., July 20, 2028. The Executive Committee of the Board of Directors of the Company vide Circular Resolution passed on July 20, 2023, has approved the allotment of the same.
Aavas Financiers is currently trading at Rs 1,583.20, up by 15.75 points or 1% from its previous closing of Rs 1,567.45 on the BSE. The scrip opened at Rs 1575 and has touched a high and low of Rs 1,583.20 and Rs 1,561.80 respectively. So far 1,389 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high of Rs 2,410 and a 52-week low of Rs 1,335. Last one week high and low of the scrip stood at Rs 1,583.20 and Rs 1,522.45 respectively. The current market cap of the company is Rs 12,393.52 crore. The promoters holding in the company stood at 39.13%, while Institutions and Non-Institutions held 49.36% and 11.51% respectively.
At TTM, the company is trading at the PE of 29x against the industry PE of 22.4x. The company is having ROE and ROCE of 14.1% and 9.51% respectively. The company has a 3-year compounded sales and profit growth of 21% and 20%, respectively. The company is also having a debt-to-equity of 3.02x with an interest coverage ratio of 1.93x.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural areas in India.A majority of its customers have limited access to formal banking credit. The company offers customers home loans for the purchase or construction of residential properties and for the extension and repair of existing housing units.
Aavas Financiers has raised Rs 150 crore through the allotment of 15,000 rated, listed, senior, secured, redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 1,00,000 per Debenture to Kotak Mahindra Bank. The NCDs are proposed to be listed on the BSE. The date of maturity will be 60 months from the date of allotment i.e., July 20, 2028. The Executive Committee of the Board of Directors of the Company vide Circular Resolution passed on July 20, 2023, has approved the allotment of the same.
Aavas Financiers is currently trading at Rs 1,583.20, up by 15.75 points or 1% from its previous closing of Rs 1,567.45 on the BSE. The scrip opened at Rs 1575 and has touched a high and low of Rs 1,583.20 and Rs 1,561.80 respectively. So far 1,389 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 10 has touched a 52-week high of Rs 2,410 and a 52-week low of Rs 1,335. Last one week high and low of the scrip stood at Rs 1,583.20 and Rs 1,522.45 respectively. The current market cap of the company is Rs 12,393.52 crore. The promoters holding in the company stood at 39.13%, while Institutions and Non-Institutions held 49.36% and 11.51% respectively.
At TTM, the company is trading at the PE of 29x against the industry PE of 22.4x. The company is having ROE and ROCE of 14.1% and 9.51% respectively. The company has a 3-year compounded sales and profit growth of 21% and 20%, respectively. The company is also having a debt-to-equity of 3.02x with an interest coverage ratio of 1.93x.
Aavas Financiers is a retail, affordable housing finance company, primarily serving low and middle-income self-employed customers in semi-urban and rural areas in India.A majority of its customers have limited access to formal banking credit. The company offers customers home loans for the purchase or construction of residential properties and for the extension and repair of existing housing units.