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Aavas Financiers IPO - MAIL FROM ICICI SECURITY :

Icici direct updated the IPO for Aavas in email update. It will be helpful for investors so please access this information and utilize the opportunity. Aavas Financiers is a retail, affordable housing finance company. It primarily serves low and middle income self-employed customers in semi-urban and rural areas who have limited access to formal banking credit. It offers customers with home loans for the purchase or construction of residential properties. Besides this, it also provides loan for extension and repair of existing housing units. The company is coming up with an Initial Public Offering (IPO).
Issue Details :
Issue dates : September 25, 2018 to September 27, 2018
Price band : 818 to 821 per share
Lot Size : Minimum 18 shares and in multiples of 18 thereafter
Investors can apply upto a maximum of  2 lakhs in the Retail Category and above 2 lakhs in the Non- Institutional (HNI) category.
Key highlights :
According to ICRA, company had the lowest GNPAs as of March 31, 2018 an…

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