Aadhar Housing Finance IPO is a book built issue of Rs 3,000.00 crores. The issue is a combination of fresh issue of 3.17 crore shares aggregating to Rs 1,000.00 crores and offer for sale of 6.35 crore shares aggregating to Rs 2,000.00 crores.
Aadhar Housing Finance IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the Aadhar Housing Finance IPO is expected to be finalized on Monday, May 13, 2024. Aadhar Housing Finance IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.
Aadhar Housing Finance IPO price band is set at ₹300 to ₹315 per share. The minimum lot size for an application is 47 Shares. minimum amount of investment required by retail investors is ₹14,805. The minimum lot size investment for sNII is 14 lots (658 shares), amounting to ₹207,270, and for bNII, it is 68 lots (3,196 shares), amounting to ₹1,006,740.
Aadhar Housing Finance IPO Details
| IPO Date | May 8. 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹300 to ₹ 315 per shres |
| Lot Size | 47 Shares |
| Total issue Size | 95,238,095 shares ( aggregating up to ₹ 2,000.00Cr ) |
| Fresh Issue | 31,746,032 shares 10 ( aggregating up to ₹ 1,000.00 Cr ) |
| Offer for Sale | 63,492,063 shares of ₹ 10 ( aggregating up to ₹ 2,000.00 Cr ) |
| Employee Discount | RS 23 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 394,754,970 |
| Share holding post issue | 426,501,002 |
Aadhar Housing Finance IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares | Not Less than 15% f the Net Issue |
Aadhar Housing Finance IPO Timeline (Tentative Schedule)
Aadhar Housing Finance IPO opens on May 8, 2024, and closes on May 10, 2024.
| IPO Open Date | Wednesday, May 8,2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis f Allotment | Monday , May 13, 2024 |
| Initiation of Refunds | Tuesday , May 14, 2024 |
| Credit of Shares to Demet | Tuesday , May 14, 2024 |
| Listing Date | Wednesday , May 15, 2024 |
| Cut-off Time for UPI mandate confirmation | 5 PM on May 10, |
Aadhar Housing Finance IPO Lot Size
Investors can bid for a minimum of 47 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 47 | ₹14,805 |
| Retail (Max) | 13 | 611 | ₹192,465 |
| S-HNI (Min) | 14 | 658 | ₹207,270 |
| S-HNI ( Max) | 67 | 3,149 | ₹991,935 |
| B-HNI (Min) | 68 | 3,196 | ₹1,006,740 |
Aadhar Housing Finance IPO Promoter Holding
| Shares Holding pre Issue | 98.72% |
| Shares Holding pre Issue |
About Aadhar Housing Finance Limited
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment.
The deep impact branches’ sales offices aim to serve customers in India’s tier 4 and tier 5 towns.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers’ loans.
The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension.
As of September 30, 2023, the company has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India.
As of September 30th, 2023, the company has 3,695 employees. Its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), has 1,851 employees.
The company has served 246,983 customers nationwide through 471 branches and offices.
Aadhar Housing Finance Limited Financial Information (Restated Consolidated)
Aadhar Housing Finance Limited’s revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Des 2023 | 31 Mar 2023 | 31 Mar 2022 | 31Mar 2021 |
| Assets | 18,035.57 | |||
| Revenue | 1,895.17 | |||
| Profit After Tax | 545.34 | |||
| Net Worth | 3,697.60 | |||
| Total Borrowing |
Key Performance Indicator
The market capitalization of Aadhar Housing Finance IPO is Rs 13434.78 Cr.
KPI as of December 31, 2023.
Note :-
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
Objects of the Issue (Aadhar Housing Finance IPO Objectives)
- To meet future capital requirements towards onward lending; and
- General corporate purposes.
Aadhar Housing Finance IPO Review (Apply)
The company is a leader in the segment it is operating i.e. low income housing. It has posted steady growth in its top and bottom lines for the reported periods. It enjoys Pan India presence and leads the pack of HFCs on many counts. Based on FY24 annualized earnings, the issue appears reasonably priced and makes it a long term scrip of portfolio across the class of investors. Investors may apply in full force for the medium to long term rewards.
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