Aadhar Housing Finance Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹300 - ₹315
- Lot size
- 47 shares
- Issue amount
- ₹3,000 cr
- Total subscription
- 26.76×
- Opens
- 8 May 2024
- Closes
- 10 May 2024
- Allotment
- 13 May 2024
- Listing
- 15 May 2024
Offer at a glance
Issue overview
- Issue size
- 9,52,38,095 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,100
- Fresh issue
- ₹1,000 cr
- Offer for sale
- ₹2,000 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,805
- Issue type
- Book Built Issue IPO
- Shares before issue
- 39,47,54,970
- Shares after issue
- 42,65,01,002
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 47 | ₹14,805 |
| sHNI | 14 | 658 | ₹2,07,270 |
| bHNI | 68 | 3,196 | ₹10,06,740 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 14,440 | 55,436 |
| HNIs (2-10L) | 7,220 | 99,637 |
| RETAIL | 7,07,565 | 14,83,361 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 598.6 | 45,744.42 |
| RETAIL | 1,047.55 | 2,698.51 |
| HNIs 2+ | 149.65 | 2,122.29 |
| HNIs 10+ | 299.3 | 5,655.97 |
| EMPLOYEES | 7.55 | 51.87 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.5 | 13.4 | 10.9 |
| ROE | 18.4 | 16.5 | 13.5 |
| ROCE | 0 | 0 | 0 |
| RONW | 12.9 | 14.7 | 14.1 |
| PRE IPO(PE) | 2.93 | 0 | 0 |
| POST IPO(PE) | 22.8 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Aadhar Housing Finance Limited, established in 2010, is a leading housing finance company focused on serving India’s lower-income segment. With a strong presence in tier 4 and tier 5 towns, the company operates 471 branches and 91 sales offices across 20 states and union territories. It reaches customers through 12,221 Aadhar Mitras, who help source loans and expand financial accessibility. Offering a range of mortgage loans for home purchase, construction, renovation, and extension, Aadhar Housing Finance has supported 246,983 customers nationwide. Backed by a workforce of 3,695 employees and its subsidiary, ASSPL, employing 1,851 people, the company remains committed to inclusive and customized financial solutions.
Strengths
- Stable and Scalable Business Model: Aadhar Housing Finance operates a well-established business model that has proven resilient across different economic cycles, ensuring long-term stability and growth.
- Wide Reach and Strong Presence: With 471 branches and 91 sales offices across 20 states and union territories, the company has built an extensive network, making loan sourcing and servicing more efficient and accessible.
- Efficient Systems and Risk Management: The company has strong systems in place for underwriting, collections, and asset monitoring, helping maintain loan quality and reduce credit risks effectively.
Risk factors
- Dependency on Borrower Data: The company relies on the accuracy of borrower information and third-party data for loan approvals. Any inaccuracies or misrepresentations could impact credit assessments, collateral valuation, and overall financial health.
- Risk of Negative Cash Flows: The company has experienced negative cash flows in the past, and if this trend continues, it could affect financial stability and future growth prospects.
- Debt and Financing Limitations: High levels of debt and restrictions from financing agreements may limit business flexibility, affecting the company’s ability to expand and make strategic decisions.
Promoters
BCP Topco VII Pte. Ltd
Registrar & documents
Lead manager
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory, Securities (India) Private Limited, Securities (India) Private Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
2nd floor, No. 3, JVT Towers 8th‘A’, Main Road, Sampangi Rama Nagar, Bengaluru-560027
+91 22 41689900
[email protected]Company website ↗Understanding AADHARHFC IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.