Aavas Financiers IPO opens today. Should you subscribe?

The initial public offer (IPO) of Aavas Financiers, a housing finance company opens today. The IPO comes amid choppy markets, which have been on a downward spiral over the past few trading sessions on the back of liquidity concerns regarding non-bank finance companies (NBFCs).

Though most analysts have suggested investors subscribe to the issue from a long-term perspective, A K Prabhakar, head of research at IDBI Capital feels investors would be better off staying away from the primary markets and especially issues of from NBFCs / housing finance companies (HFCs) till the time concerns regarding IL&FS are resolved.

Sudip Bandyopadhyay, group chairman,