Financial Performance
Amounts in ₹ crore; EPS in ₹ per share. PAT is total profit for the period, including non-controlling interests. Standalone statements.
Not yet reported for this period and basis.
01 · UNDERSTAND THE BUSINESS
The company in 60 seconds
Avanse Financial Services Limited is a leading Indian non-banking financial company (NBFC) focused on education, ranking second in the sector by assets under management (AUM) and profit according to CRISIL MI&A’s March 2024 report. They provide comprehensive education financing, including international and domestic student loans and infrastructure loans for educational institutions. Their AUM grew from ₹48.4 billion in March 2022 to ₹133 billion in March 2024, with a CAGR of 65.86%. The international student loan segment, representing 78.28% of AUM, serves nearly 36,000 students across 41 countries, primarily in STEM and MBA fields. They also fund over 1,900 Indian educational institutions with collateral-backed loans, while domestic student loans support professionals and students in India. Their loans feature flexible repayment options, personalised underwriting, and added services like insurance and foreign exchange. They leverage a hybrid distribution network of branches, education counsellors, and digital channels, reaching 545 locations across India.
What supports the business
- India’s second-largest education-focused NBFC with rapid AUM growth, reaching ₹13,303 crores in 2024 at a CAGR of 65.86%.
- Pan-India presence across 545 locations through a hybrid distribution model, supported by limited branches and a lean sales team.
- Advanced data and AI-driven underwriting and collections framework, maintaining a low loan default rate of 0.43%.
- Strong asset-liability management and diversified lender base, with a reduced debt-to-equity ratio of 2.76 by 2024.
- Robust financial growth, with disbursements up 47% CAGR and net profit rising over five times since 2022, backed by experienced leadership and marquee investors.
What could go wrong
- Exposure to political and macroeconomic risks in key international markets, including the United States, Canada, and the United Kingdom, could adversely impact business operations and cash flows.
- A high proportion of unsecured loans in international and domestic student loan segments increases operational and credit risk, potentially affecting financial stability.
- Heavy reliance on borrower employability for loan repayment and a lack of job placement post-graduation among borrowers could negatively impact business performance.
- Potential challenges in the timely recovery of outstanding amounts on secured loans could strain financial results and cash flow.
- Reputational risks due to negative publicity could harm the company’s image and impact business operations.
- Competitive pressures within India’s education finance sector may impair the company’s ability to maintain its market position, affecting business and financial health.
Where will the IPO money go?
Use of proceeds is awaiting review.
Fresh issue proceeds go to the company. Offer-for-sale proceeds go to the selling shareholders.
Provider content · IPOALERTS · Not independently reviewed · Retrieved 3 Oct 2026, 12:08 pm IST · Data source ↗
A research starting point, not an apply/avoid recommendation.
02 · PREPARE YOUR APPLICATION
How much will be blocked?
Category rules pending · Unknown
Applications have not opened yet.
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Application help from NSE ↗03 · KEEP TRACK
Dates that matter
Tentative · check for changes- Applications openTo be announced
- Applications closeTo be announced
- Accept UPI mandate byTo be announced
- Allotment expectedTo be announced
- Unblocking startsTo be announced
- Expected listingTo be announced
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Check your UPI app and application status with the broker or bank you used. Contact that intermediary before the applicable deadline. Submitting a bid alone does not confirm that funds were blocked.
NSE application guidance ↗Market interest
Unofficial GMP
₹40
Implied price: —
An unofficial indication, not an exchange quote or a forecast. Listing prices may differ substantially.
25 Sept 2026, 12:30 pm IST · Stale
Financial history & source documents
BUSINESS VS PRICE
Insufficient Data / Price pending
Two comparable YoY results and EBITDA margins are required.
The quarterly journey
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Quarterly results are not available yet. The original IPO baseline is retained separately.
“—” means unavailable, not zero. Year-on-year growth requires a positive comparable period. Cash flow is shown only when reported for that period.
Annual financial history · latest four years
Separate from the original pre-IPO baseline. Amounts in ₹ crore; EPS in ₹.
No annual filings have been imported yet.
Stock journey
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Valuation snapshot
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Sources & further research
Filing sources & update times
Source and verification record
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