Aadhar Housing Finance Limited IPO Detail
Incorporated in 2010, 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.
Company Promoters
BCP Topco VII Pte. Ltd.IPO Details
| IPO Opening Date | May 08, 2024 |
| IPO Closing Date | May 10, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹300 - 315 per equity share |
| Market Lot | 47 Shares |
| Min Order Quantity | 47 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹3,000 Cr |
| Fresh Issue | ₹1,000 Cr |
| Offer for Sale | ₹2,000 Cr |
| Employee Discount | ₹Rs 23 per share |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.35x | 0.77x | 0.57x | 0.63x | 0.45x | 0.47x |
| Day 2 | 2.15x | 2.29x | 1.92x | 2.04x | 1.00x | 1.56x |
| Day 3 | 76.42x | 14.19x | 18.90x | 17.33x | 2.58x | 26.76x |
IPO Tentative Timetable
The Aadhar Housing Finance Limited IPO open date is May 08, 2024, and the close date is May 10, 2024. The issue may list on May 15, 2024.
| IPO Open Date | May 08, 2024 |
| IPO Close Date | May 10, 2024 |
| Basis of Allotment Date | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
IPO Lot Size
The Aadhar Housing Finance Limited IPO market lot size is 47 shares. A retail-individual investor can apply for up to 13 lots (611 shares or ₹192465).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 47 | ₹14805 |
| Maximum | 13 | 611 | ₹192465 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.72% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 13630.33 | 1575.55 | 340.46 |
| 31-Mar-22 | 14375.81 | 1728.56 | 446.20 |
| 31-Mar-23 | 16617.87 | 2043.52 | 545.34 |
| 31-Dec-23 | 18035.57 | 1895.17 | 547.88 |
Objects of the Issue:
- To meet future capital requirements towards onward lending; and
- General corporate purposes.
Aadhar Housing Finance Limited IPO Registrar:
KFin Technologies Limited
Aadhar Housing Finance Limited IPO Lead Manager(s):
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
Company Contact Information:
Aadhar Housing Finance Limited
2nd floor, No. 3, JVT Towers,
8th‘A’, Main Road, Sampangi Rama Nagar,
Bengaluru-560027
