IPO funds to help growth over next 3-5 years; to increase branches, says Aavas Financiers

Sushil Kumar Agarwal, CEO, Aavas Financiers said the funds raised through the IPO will be sufficient for growth over the next 3-5 years.

He said for the last 4 years they have seen consistent asset under management (AUM) growth of about 70 percent and disbursement growth of around 60 percent.

"The RoAs in the last 4 quarters has been around 3 percent and that in the last 24 quarters has been around 2.5 percent and the RoE is around 15 percent. But going forward post the listing and higher rating the RoEs are expected to be better," he said.