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 IPO – Details
| IPO Opening Date | 08 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 9,52,38,095 Shares Worth ₹3,000.00 Crore Fresh Issue: 3,17,46,032 Shares Worth ₹1,000.00 Crore Offer For Sale: 6,34,92,063 Shares Worth ₹2,000.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹300 – ₹315 |
| Market Lot | 47 Shares |
| Min Order | 47 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Aadhar Housing Finance IPO – Date Schedule
| IPO Open Date | 08 May 2024 |
| IPO Close Date | 10 May 2024 |
| Basis of Allotment Date | 13 May 2024 |
| Initiation of Refund | 14 May 2024 |
| Credit of Shares to Demat Account | 14 May 2024 |
| IPO Listing Date | 15 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
Aadhar Housing Finance IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹14,805 |
| Retail (Max) | 13 | 611 | ₹1,92,465 |
| S-HNI (Min) | 14 | 658 | ₹2,07,270 |
| S-HNI (Max) | 67 | 3149 | ₹9,91,935 |
| B-HNI (Min) | 68 | 3196 | ₹10,06,740 |
Competitive Strengths
- HFC focused on the low income housing segment (ticket size less than ₹1.5 million) in India with the highest AUM and net worth among company’s analyzed peers in Fiscal 2021, Fiscal 2022, Fiscal 2023 and nine months ended December 31, 2022 and December 31, 2023;
- Seasoned business model with strong resilience through business cycles;
- Extensive branch and sales office network, geographical penetration and sales channels which contribute significantly to loan sourcing and servicing;
- Robust, comprehensive systems and processes for underwriting, collections and monitoring asset quality;
- Access to diversified and cost-effective long-term financing with a disciplined approach to asset liability and liquidity management;
- Social objectives are one of the core components of company’s business model; and
- Experienced, cycle-tested and professional management team with strong corporate governance.
Company Promoters
- BCP Topco VII Pte. Ltd.
Company Financials (Restated Consolidated)
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 1575.55 | 1143.04 | 340.13 | 10,374.47 |
| 31 March 2022 | 1728.56 | 1161.20 | 444.85 | 10,674.59 |
| 31 March 2023 | 2043.52 | 1322.70 | 544.76 | 12,153.45 |
| 31 December 2023 | 1895.17 | 1194.19 | 547.88 | 13,127.59 |
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 |
Object Of The Issue
- To meet future capital requirements towards onward lending; and
- General corporate purposes.
Aadhar Housing Finance IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Aptus Value Housing Finance India Limited | 31.3 |
| 2 | 10 | Aavas Financiers Limited | 28.1 |
| 3 | 2 | Home First Finance Company India Limited | 34.9 |
| 4 | 5 | India Shelter Finance Corporation Limited | 33.1 |
Aadhar Housing Finance IPO Promoter Holding
| Pre Issue Share Holding | 98.72% |
| Post Issue Share Holding | 76.48% |
Aadhar Housing Finance IPO Prospectus
Company Contact Information
| 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/ |
Aadhar Housing Finance IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: ahfl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Aadhar Housing Finance IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Citigroup Global Markets India Private Limited 3. Kotak Mahindra Capital Company Limited 4. Nomura Financial Advisory and Securities (India) Private Limited 5. SBI Capital Markets Limited |
Aadhar Housing Finance IPO FAQs
| What is Aadhar Housing Finance IPO? Aadhar Housing Finance IPO is a main-board IPO. The issue is priced at ₹300 to ₹315 per equity share. The IPO is to be listed on BSE & NSE. |
| When Aadhar Housing Finance IPO will open? The IPO is to open on 08 May 2024 for QIB, NII, and Retail Investors. |
| What is Aadhar Housing Finance IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Aadhar Housing Finance IPO? You can apply Aadhar Housing Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Aadhar Housing Finance IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Aadhar Housing Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Aadhar Housing Finance IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Aadhar Housing Finance“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Aadhar Housing Finance IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aadhar Housing Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Aadhar Housing Finance IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Aadhar Housing Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Aadhar Housing Finance IPO Size? Aadhar Housing Finance IPO size is ₹3,000 Crore. |
| What is Aadhar Housing Finance IPO Price Band? Aadhar Housing Finance IPO Price Band is ₹300 to ₹315. |
| What is Aadhar Housing Finance IPO Minimum and Maximum Lot Size? The minimum bid is 47 Shares with ₹14,805 amount while the maximum bid is 611 Shares with ₹1,92,465. |
| What is the Aadhar Housing Finance IPO Allotment Date? Aadhar Housing Finance IPO allotment date is 13 May 2024. |
| What is the Aadhar Housing Finance IPO Listing Date? Aadhar Housing Finance IPO listing date is 15 May 2024. The IPO is to list on BSE and NSE. |
