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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.
Aadhar Housing Finance IPO Overview
| 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 | 95,238,095 shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | 31,746,032 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 63,492,063 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 | 394,754,970 |
| Share holding post issue | 426,501,002 |
Aadhar Housing Finance IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Aadhar Housing Finance IPO Lot Size
| Application | Lots | Shares | 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 |
Aadhar Housing Finance IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Aadhar Housing Finance IPO Promoter Holding
| Share Holding Pre Issue | 98.72% |
| Share Holding Post Issue |
Company & Financials
The erstwhile Aadhar Housing Finance Limited was incorporated in 2010 and later amalgamated with DHFL Vysya w.e.f 20th November, 2017 and subsequently name changed to Aadhar Housing Finance Limited. Formed With the merger of DHFL Vysya and Aadhar Housing Finance, Aadhar is one of the few players which has a pan-India presence. 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.
Aadhar Housing Finance Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
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 |
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.
FAQs for Aadhar Housing Finance IPO
-
What Is the Size of the Aadhar Housing Finance IPO?
The offer size of Aadhar Housing Finance is INR 1,841.76 crores, consisting of a fresh issue of shares worth INR 760 crores and an offer to sell 1,081.76 crore shares. The company aims to manage debt, finance projects, and pursue growth opportunities for sustainable development.
-
What Is the Price Band of the Aadhar Housing Finance IPO?
The price band of the issue is INR 300-315 per share.
-
When Aadhar Housing Finance IPO will open?
Aadhar Housing Finance IPO Issue Open Date is 08-05-2024.
-
When Aadhar Housing Finance IPO will close?
Aadhar Housing Finance IPO Issue Close Date is 10-05-2024.
-
When will the Aadhar Housing Finance IPO be allotted?
The Basis of Allotment will happen on May 13, 2024.
-
What is the lot size of Aadhar Housing Finance IPO for retail investor?
Aadhar Housing Finance IPO lot size for retail investor is 47 shares (1 lot) (Min) and 611 shares (13 lots) (Max).
-
What Is the Size of the Aadhar Housing Finance IPO?
The offer size of Aadhar Housing Finance is INR 1,841.76 crores, consisting of a fresh issue of shares worth INR 760 crores and an offer to sell 1,081.76 crore shares. The company aims to manage debt, finance projects, and pursue growth opportunities for sustainable development.
-
What Is the Price Band of the Aadhar Housing Finance IPO?
The price band of the issue is INR 300-315 per share.
-
When Aadhar Housing Finance IPO will open?
Aadhar Housing Finance IPO Issue Open Date is 08-05-2024.
-
When Aadhar Housing Finance IPO will close?
Aadhar Housing Finance IPO Issue Close Date is 10-05-2024.
-
When will the Aadhar Housing Finance IPO be allotted?
The Basis of Allotment will happen on May 13, 2024.
-
What is the lot size of Aadhar Housing Finance IPO for retail investor?
Aadhar Housing Finance IPO lot size for retail investor is 47 shares (1 lot) (Min) and 611 shares (13 lots) (Max).
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