Aadhar Housing Finance IPO Price: ₹300 to ₹315
IPO Date Range: 8 May, 2024 - 10 May, 2024
Established in 2010, Aadhar Housing Finance Limited is a housing finance company with a focus on the lower income segment in India. The company operates deep impact branches and sales offices targeting customers in tier 4 and tier 5 towns.
Aadhar Housing Finance's business model integrates social responsibility as a core component. In addition to offering financially inclusive lending services, the company actively works towards enhancing the standard of living for its target customers. By generating employment opportunities in urban and semi-urban areas, Aadhar contributes to the growth of local economies. Through a customer-centric approach and an expansive branch network, the company aims to create a positive societal impact while ensuring sustained financial performance. Their portfolio includes mortgage loan products catering to various needs such as residential and commercial property purchase, construction, home improvement, and extension.
As of December 31, 2023, Aadhar Housing Finance operates through 487 branches and 109 sales offices spread across 20 states and union territories in India. Their presence spans approximately 10,926 pin codes nationwide. With a customer-centric approach, they have served 246,983 customers across various regions.
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| 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 | ₹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 |
Bidders have the opportunity to bid for a minimum of 47 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
| QIB Shares Offered | Not more than 50% of the Net offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| 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 |
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Between the fiscal years ending on March 31, 2023, and March 31, 2022, Aadhar Housing Finance Limited saw a notable 18.22% increase in revenue and a corresponding 22.22% rise in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 13,630.33 | 14,375.81 | 16,617.87 | 18,035.57 |
| Revenue | 1,575.55 | 1,728.56 | 2,043.52 | 1,895.17 |
| Profit After Tax | 340.46 | 446.20 | 545.34 | 547.88 |
| Net Worth | 2,692.76 | 3,146.63 | 3,697.60 | 4,249.10 |
| Total Borrowing | 10,374.47 | 10,674.59 | 12,153.45 | 13,127.59 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | 13,434.78 Cr. |
| ROE | 18.4% |
| P/E (x) | 22.8 |
| Debt/ Equity | 3.1 |
| EPS | 13.81 |
| RoNW | 12.9% |
The company intends to utilize the net proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Aadhar Housing Finance IPO DRHP and Aadhar Housing Finance IPO RHP
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Aadhar Housing Finance Limited" IPO is ₹300 to ₹315 per share.
The "Aadhar Housing Finance Limited" IPO is expected to be listed on Wednesday, 15 May 2024.
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