 "IPO, Initial Public Offer")
Private equity (PE)-backed Aavas Financiers' Rs 17.3-billion IPO will remain open for subscription between September 25 and September 27. In the IPO, the housing finance company will issue fresh shares worth Rs 4 billion. The offering includes secondary share sale worth Rs 13.3 billion by PE investors Lake District, Partners Group and Kedaara Capital. The price band for the IPO is Rs 818 to 821 per share.
The total share sale is valued at Rs 17.3 billion at the top end of the price band. The PE players are set to make over three-fold return on their investments. The average cost
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