Aavas is a retail, affordable housing finance company, primarily serving low and middle income self-employed customers in semi-urban and rural areas in India. As of June 30, 2018, 61.22% of Company’s Gross Loan Assets were from customers who belonged to the economically weaker section and low income group and 36.27% of Gross Loan Assets were from customers who were new to credit; 64.21% of Gross Loan Assets were from self-employed customers. Edelweiss Financial services acted as Global Coordinator and Book Running Lead Manager in the US$ 250 mn IPO of Aavas Financiers. The deal was done in an extremely volatile capital market conditions. The deal saw robust participation from varied set of investors ranging from Sovereign Wealth Fund to Marquee Long Only FIIs to Leading Domestic Mutual Funds and Private Life Insurance Company.