Avanse Financial Services IPO

Avanse Financial Services Limited is a non-banking financial company (NBFC) operating in India with a focus on education. According to the CRISIL MI&A Report, the company is the second largest education-focused NBFC in India in terms of assets under management (AUM) as of March 31, 2024, and recorded the second highest disbursements in FY 2023 and second highest profit after tax in FY 2024 among education-focused NBFCs in India. The company offers a comprehensive education offering with products ranging from education loans for students to growth capital for educational institutions through education infrastructure loans. Through its Student Loans - International and Education Loans - Domestic divisions, the company offers loans and other value-added services to Indian students and professionals admitted to study abroad or at domestic institutions. The company also provides secured financing to private educational institutions in India. Avanse Financial Services Limited also offers a comprehensive range of value-added services to its borrowers, including life, health, and travel insurance, wellness, and healthcare services, foreign exchange transactions, financial health reports, and opening of overseas bank accounts provided by third parties. The company operates across India and has a multi-channel distribution network for lending to students and educational institutions with a presence in major educational hubs in India. As of March 31, 2024, the Company serviced 545 locations in India and maintained a hybrid presence by strategically combining its physical branch network of 19 branches and sales offices and its 215-strong sales team with the distribution network. As of March 31, 2024, the company's distribution network consisted of 320 active education advisors and aggregators (agents specializing in education loans), 452 direct sales agents (DSAs), and the direct acquisition channel, which includes the digital marketing initiatives and referrals from existing customers.

The Company proposes to utilize the Net Proceeds towards the following objectives: Augmenting the capital base to meet the Company's future capital requirements arising out of the growth of the business and assets. Meeting Offer Expenses.

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