As NBFCs fight liquidity crisis, Aavas Financiers IPO opens to tepid response
Aavas Financiers, formerly known as AU Housing Finance, is a Jaipur-based affordable housing finance company, serving low and middle-income self-employed customers in semi-urban and rural areas in India. Generally, most of the IPOs see lukewarm subscription on the opening day as investors tend to pick up shares later on.
Amid liquidity concerns of NBFCs, the initial public offering (IPO) of housing finance firm Aavas Financiers Ltd opened on a tepid note on Monday. Representational Image, source: Reuters