Aadhar Housing Finance Limited IPO

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Housing Finance Company

Listed On: May 15, 2024 at ₹ 315.0(NSE)

₹ 14805 /47 Shares

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Price Summary

Last Closing

460.00 (46.03%)

52 Week High

486.95

52 Week Low

292.00

Last Update

19-Sep-2024 3:30 PM

Aadhar Housing Finance Limited IPO Details

08 May, 2024

Open Date

10 May, 2024

Close Date

13 May, 2024

Allotment Date

15 May, 2024

Listing Date

Issue Price

₹300-315 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

315.0(NSE)

Listing Date

2024-05-15

Market Lot

Retail : 47 Shares (₹14,805/-)
S-HNI : 658 Shares (₹2,07,270/-)
B-HNI : 3,196 Shares (₹10,06,740/-)

Lead Manager

ICICI Securities Limited
Citigroup Global Markets India Private Limited
Kotak Mahindra Capital Company Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
SBI Capital Markets Limited

Issue Size

Total ₹3,000 Cr :
#Fresh Issue : 31,746,032 shares(aggregating up to ₹1,000 Cr) +
#OFS : 63,492,063 shares of ₹10(aggregating up to ₹2,000 Cr)

Retail Portion

35% (Number of Retail Applications: 7,07,565 Approx),
(Number of S-HNI Applications : 7,220 Approx),
(Number of B-HNI Applications : 14,440 Approx)

Subscription

25.49 times

IPO Docs

DRHP RHP ANCHOR

Aadhar Housing Finance Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	19,003,176	14,252,381 9,501,587 4,750,794	33,255,556	66,750,839
Day 1 - 08-05-24 05:00 PM	0.33 x	0.60 0.54 x 0.71 x	0.41 x	0.44 x
Day 2 - 09-05-24 05:00 PM	2.05 x	1.94 1.82 x 2.17 x	0.94 x	1.48 x
Day 3 - 10-05-24 05:00 PM	72.78 x	16.50 18.00 x 13.50 x	2.45 x	25.49 x

Total No. of Applications: 16,32,973 (Approx)

Retail Subscription on the basis of Applications: Retail:2.31x BHNI:3.5x SHNI:13.5x times

Aadhar Housing Finance Limited Valuations

EPS Pre IPO

₹13.81/-

EPS Post IPO

₹17.13/-

P/E Pre IPO

22.8

P/E Post IPO

18.39

RoNW

12.9%

Aadhar Housing Finance Limited Company Financials All values are in ₹ Cr.

	31-Dec-23	31-Mar-23	31-Mar-22	31-Mar-21
Assets	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47

About The Company

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 - Strength and Weakness

Strength

According to the CRISIL Report, Aadhar Housing Finance is the leading Housing Finance Company (HFC) in India that specialises in low-income housing, having the greatest net worth and Assets Under Management (AUM) compared to its competitors.

With an expanding Gross AUM and a wide branch network across several states, Aadhar Housing Finance is well-positioned to successfully meet the demands of its target customers.

In order to ensure efficient risk identification and management, Aadhar Housing Finance has put in place extensive systems and procedures for credit evaluation, underwriting, and collections. The organisation maintains asset quality and profitability by streamlining loan processing, improving property value accuracy, and facilitating effective credit choices via the use of technology-driven solutions and analytics-backed platforms.

With branches and sales offices distributed throughout 20 states and union territories in India, Aadhar Housing Finance has a large network. The company's capacity to serve a variety of consumer categories and geographic areas is improved by its strategic growth and penetration into semi-urban areas, which are made possible by specialised products as Aadhar Gramme Unnati.

Weakness

The continuing regulatory investigations involving Aadhar Housing Finance's former promoters pose hazards. Any unfavourable findings from these inquiries may have an effect on the business, its present promoters, and the equity shares' market value.

Shareholders' ability to influence company decisions may be restricted by the promoter of Aadhar Housing Finance's strong voting control that was kept after the offer. This concentration of authority may make it more difficult to approve important requests on time, which might have an impact on the company's business plan and shareholder returns.

Aadhar Housing Finance is mostly dependent on prospective borrowers and third-party service providers for accurate and comprehensive information. Any fraudulent activity or false information might cause errors in credit evaluations, which could raise the amount of non-performing assets (NPAs) and have an adverse effect on the company's financial stability.

Aadhar Housing Finance Limited - Peers Comparison

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Aadhar Housing	2.93	19.51	14.7%	2,044
Aptus Value Housing	4.64	28.3	16.1%	1,093
Aavas Financiers	3.36	25.9	13.9%	1,608
Home First Finance	4.04	27.6	13.5%	791
India Shelter Finance	N/A	40.6	13.4%	584

Aadhar Housing Finance Limited - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

BCP Topco VII Pte. Ltd

Aadhar Housing Finance Limited IPO - Issue Objectives

To meet future capital requirements towards onward lending
General corporate purposes.

Aadhar Housing Finance Limited IPO - Anchor Investors

Aadhar Housing Finance IPO: Institutional investors invest Rs 898 crore via anchor book.

Marquee institutional investors including Morgan Stanley, Stichting Depository APG, WF Asian Reconnaissance Fund, Clarus Capital, Neuberger Berman Emerging Markets Equity Fund, Theleme India Master Fund, CLSA Global, East Bridge Capital, Nepean Long Term Opportunities Fund, and Amundi Funds invested in the company via anchor book.

Asset management companies like HDFC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Invesco India, Whiteoak Capital, Quant Mutual Fund, Bandhan Mutual Fund, JM Financial Mutual Fund, Mahindra Manulife, and LIC Mutual Fund also made investment in Aadhar Housing.

Insurance companies, too, including SBI Life Insurance Company, ICICI Prudential Life Insurance, HDFC Life Insurance Company, Kotak Mahindra Life Insurance, SBI General Life Insurance, and Bajaj Allianz Life Insurance also participated.

Other Details

Company Contact Details

Aadhar Housing Finance Limited

2nd floor, No. 3, JVT Towers 8th‘A’, Main Road, Sampangi Rama Nagar, Bengaluru-560027

Phone: +91 22 41689900

Email: complianceofficer@aadharhousing.com

Website: https://aadharhousing.com/

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: ahfl.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Aadhar Housing Finance Limited IPO - FAQs

Ans. Aadhar Housing Finance Limited IPO is a Mainboard IPO. The issue is priced at ₹300-315 per equity share. The minimum order quantity is 47 Shares. The IPO opens on May 8, 2024, and closes on May 10, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Aadhar Housing Finance Limited IPO opens on May 8, 2024 and closes on May 10, 2024.

Ans. The size of Aadhar Housing Finance Limited IPO is Total ₹3,000 Cr : #Fresh Issue : 31,746,032 shares(aggregating up to ₹1,000 Cr) + #OFS : 63,492,063 shares of ₹10(aggregating up to ₹2,000 Cr).

Ans. The IPO price band is set between ₹300-315 per equity share.

Ans. To apply for Aadhar Housing Finance Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Aadhar Housing Finance Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Aadhar Housing Finance Limited IPO is May 13, 2024.

Ans. The Aadhar Housing Finance Limited IPO will be listed on May 15, 2024.

Ans. Follow the steps to check the allotment status for Aadhar Housing Finance Limited IPO here.