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Mayank Kumar

Strategy & Product @... • 9m

Companies that don't catch many eyeballs or seem flashy are often the ones making money. Avanse Financial Services Ltd. filed its DRHP last week for a 23,500 Cr IPO. It is an education-focused NBFC that provides hyper-personalized education financing to both students and institutions. Key Highlights: -> Operating revenue jumped 74.5% to 21,727Cr. -> Net profit for FY 23-24 was ?342.4 Cr, double the previous year. →> Warburg Pincus holds a majority share ~80%. -> Second-highest PAT among education-focused NBFCS. -> By the end of FY24, the company plans to have an AUM of $13,303 Cr. The major portion of this segment is either acquired by NBCs or traditional banks. Is there still an opportunity for platforms like Leap or GrayQuest to acquire a significant share in the market?

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