Should You Invest in Au Financiers (India) Ltd?

Now for the record it’s the IPO shower out here. We have already been discussing on several IPOs that came in this month. Now it’s the tip of the iceberg here with AU Financiers (India) Ltd. AU Financiers (India) Ltd is a NBFC and a small bank based out of Jaipur. The issue size is roughly Rs 1913 Crores at a price of Rs 358 Rs per share and is being offered at a lot size of 41 shares. The issue opens on 28 th June 2017 and will be open till 30 th June 2017. So the Golden Question again…. Should you invest in Au Financiers Ltd???? Lets do the run down one by one then… shall we….. About the Company!!! The company is a NBFC which serves the low and middle income groups who have limited or no access to banking channels. It helps India in achieving financial inclusion on an larger scale. The company focuses on three segments: Vehicle loans, MSME loans and SME Loans. The company is categorized as a “Systemically Important, Non-Deposit Accepting Asset Finance Compan