Aadhar Housing Finance Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 300 to ₹ 315 per share |
| Lot Size | 47 Shares |
| Total Issue Size | 9,52,38,095 shares (aggregating up to ₹ 3,000.00 Cr) |
| Fresh Issue | 3,17,46,032 shares (aggregating up to ₹ 1,000.00 Cr) |
| Offer for Sale | 6,34,92,063 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 | 39,47,54,970 |
| Share holding post issue | 42,65,01,002 |
About Aadhar Housing Finance Limited IPO
Aadhar Housing Finance Ltd. (AHFL) is a HFC focused on the low income housing segment in India and it had the highest AUM and net worth among analyzed peers in FY2021, FY2022, FY2023 and nine months ended December 31, 2022 and December 31, 2023. In addition, according to the peer set analyzed by CRISIL, AHFL had the highest number of live accounts in FY2023. In addition, it has a presence in 20 states and union territories, which is the highest among the peers analyzed by CRISIL as of March 31, 2023. 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. Aadhar Housing Finance IPO price band is set at ₹300 to ₹315 per share. The minimum lot size for an application is 47 Shares. ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the Aadhar Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.
Objectives of Aadhar Housing Finance IPO
The Company proposes to utilize the Net Proceeds towards the following:
- 1. To meet future capital requirements towards onward lending.
- 2. General corporate purposes.
Aadhar Housing Finance IPO Review
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 script of portfolio across the class of investors. Investors may apply in full force for the medium to long term rewards.
Objectives of Aadhar Housing Finance IPO
The Company proposes to utilize the Net Proceeds towards the following:
- 1. To meet future capital requirements towards onward lending.
- 2. General corporate purposes.
Aadhar Housing Finance IPO Review
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 script of portfolio across the class of investors. Investors may apply in full force for the medium to long term rewards.
Aadhar Housing Finance Limited IPO Financial Information
Latest Revenue
1,895.17
₹ Crore
Profit After Tax
547.88
₹ Crore
Net Worth
4,249.10
₹ Crore
Total Borrowing
13,127.59
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 18,035.57 | 1,895.17 | 547.88 | 4,249.10 | 13,127.59 | ||||
| 31 Mar 2023 | 16,617.87 | 2,043.52 | 545.34 | 3,697.60 | 12,153.45 | ||||
| 31 Mar 2022 | 14,375.81 | 1,728.56 | 446.20 | 3,146.63 | 10,674.59 | ||||
| 31 Mar 2021 | 13,630.33 | 1,575.55 | 340.46 | 2,692.76 | 10,374.47 | ||||
| Amount in ₹ Crore | |||||||||
Aadhar Housing Finance Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 18.4% |
| Debt/Equity | 3.1 |
| RoNW | 12.9% |
| P/BV | 2.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.81 | 17.13 |
| P/E (x) | 22.8 | 18.39 |
Frequently Asked Questions
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Competitive Strengths
Aadhar Housing Finance Limited IPO Timeline
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |