Aadhar Housing Finance Limited, a renowned housing finance company established in 2010, is gearing up for its Initial Public Offering (IPO). This milestone event marks an opportunity for investors to partake in the growth trajectory of one of India's prominent players in the housing finance sector.
| Particular | Details |
|---|---|
| IPO Opening Date | May 8, 2024 |
| IPO Closing Date | May 10, 2024 |
| IPO Allotment Date | May 13, 2024 |
| IPO Listing Date | May 15, 2024 |
| Price Band | ₹300 to ₹315 per share |
| Total IPO Size | ₹3,000.00 Cr |
| Fresh Issue | ₹1,000.00 Cr |
| Offer for Sale | ₹2,000.00 Cr |
| Lot Size | 47 Shares |
| Minimum Investment | ₹14,100 |
| Listing At | BSE, NSE |
The Aadhar Housing Finance IPO is scheduled to be open from May 8, 2024, to May 10, 2024, and will be listed on both BSE and NSE. As a book-built issue, the price band for the IPO is set at Rs. 300 to Rs. 315 per share. Retail investors can participate with a minimum lot size of 1 lot consisting of 47 shares.
Aadhar Housing Finance is a leading provider of mortgage-related loans with a specialised focus on serving the low-income housing segment in India. According to CRISIL, the company has established a strong presence across 20 states and union territories and has the highest assets under management (AUM) and net worth among its peers.
Operating through a network of 471 branches and 91 sales offices, Aadhar Housing Finance targets customers in tier 4 and tier 5 towns, ensuring accessibility to financing at the grassroots level.
| Particulars | Dec 31, 2023 | Year ending March 31, 2023 | Year ending March 31, 2022 | Year ending March 31, 2021 |
|---|---|---|---|---|
| Revenue (in Crore) | 1,895.17 | 2,043.52 | 1,728.56 | 1,575.55 |
| Profit After Tax (PAT) | 547.88 | 545.34 | 446.2 | 340.46 |
| Cash and Cash Equivalents | N/A | 4,051.40 | 5,741.70 | 3,835.00 |
| Return on Net Worth (%) | N/A | 14.70% | 14.10% | 12.60% |
| Total Borrowing (in Crore) | 13,127.59 | 12,153.45 | 10,674.59 | 10,374.47 |
| EBITDA (in million) | N/A | 15,365.00 | 13,418.10 | 12,596.70 |
| Strengths | Weaknesses |
|---|---|
| Leading low-income sector HFC in India with the highest net worth and AUM among competitors. | Regulatory investigations into former promoters may negatively impact share value. |
| Growing gross AUM and an extensive branch network targeting the desired demographic. | Strong promoter control may restrict shareholder influence, potentially delaying key decisions. |
| Robust risk management systems enhancing profitability and asset quality. | Reliance on external information for credit evaluations could increase NPAs and jeopardize financial stability. |
| Technology-driven solutions facilitating efficient loan processing and accurate credit decisions. | |
| Specialization in reaching semi-urban areas, enabling broad market penetration. |
A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App
Retail investors need to apply for the IPO using UPI
Fill up your personal details in the form above
Fill up your DOB, PAN, email & bank account details
Upload your photo and e-sign your application via Aadhaar OTP
The price band for Aadhar Housing Finance IPO is set at Rs. 300 to Rs. 315 per share.
Aadhar Housing Finance is one of the leading housing finance companies catering primarily to the low-income segment in India. The total issue size of its IPO is 95,238,095 shares aggregating up to Rs. 3,000.00 Crores.
The minimum lot size for retail investors is one lot consisting of 47 shares.
The minimum investment depends on the price per share and the investor's lot size.
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