Is Aavas Financiers a buy post listing at discount? Here's what experts say

The company's public offer saw a tepid response as the IPO received an overall subscription of 97 per cent, with only (qualified institutional buyers (QIBs) portion getting 2.77 times subscription.

Housing finance company Aavas Financiers made a listless debut on Monday as the shares got listed at Rs 750, 9 per cent below its issue price of Rs 821 on NSE. In the intra-day, the stock fell 13.5 per cent. It eventually closed at Rs 771, down 6 per cent.

Majority of the analysts had ‘subscribe’ rating to the company’s IPO, which ran between September 25 and September 27, saying the valuation at which the offer was being offered was very attractive. That apart, the company’s strong fundamentals were another key factor that made brokerage houses recommending ‘subscribe.’

The company’s