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Aadhar Housing Finance IPO

Aadhar Housing Finance Ltd filed its DRHP with SEBI worth around Rs.7,300 crore. The issue comprises of a fresh issue worth Rs.1,500 crore...

  • Status: Closed
  • RHP:
  • ₹ 14,100 / 47 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    15 May 2024

  • Listing Price

    ₹314.30

  • Listing Change

    -0.22%

  • Last Traded Price

    ₹433.40

IPO Details

  • Open Date

    08 May 2024

  • Close Date

    10 May 2024

  • IPO Price Range

    ₹ 300 to ₹ 315

  • IPO Size

    ₹ 3,000 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    15 May 2024

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IPO Timeline

Aadhar Housing Finance IPO Subscription Status

Last Updated: 10 May 2024 6:14 PM by 5Paisa

Last Updated: 10th May, 2024 by 5paisa

Aadhar Housing Finance IPO is set to open from 8th May to 10th May 2024. It is a housing finance company (HFC) that caters to the low-income housing segment. The IPO includes a fresh issue of 31,746,032 equity shares worth ₹1000 cr. and an Offer-for-Sale (OFS) of 63,492,063 shares worth ₹2,000 cr. The total IPO size is ₹3000 cr. The share allotment date is 13th May 2024, and the IPO will be listed on 15th May 2024 on the stock exchanges. The price band is set at ₹300 to ₹315 and the lot size is 47 shares.  

ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar. 

Objectives of Aadhar Housing Finance IPO

●    To fund the working capital requirements for onward lending.
●    For general corporate purposes.
 

Aadhar Housing Finance IPO Video

 

 

Aadhar Housing Finance IPO Size

Types Size (₹Cr)
Total IPO size 3,000.00
Offer for sale 2,000.00
Fresh issue 1,000.00

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

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Anchor Allocation 1 2,85,04,761 2,85,04,761 897.900
QIB 76.42 1,90,03,176 1,45,22,03,838 45,744.421
NII (HNI) 17.33 1,42,52,381 24,69,29,023 7,778.264
Retail 2.58 3,32,55,556 8,56,67,041 2,698.512
Employees 6.87 2,39,726 16,46,786 51.874
Total 26.76 6,67,50,839 1,78,64,46,688 56,273.071

Aadhar Housing Finance IPO Anchor Allocation

Anchor Bid Date 7 May, 2024
Total no. of shares offered 28,504,761
Portion Size for Anchor Investors 897.90 Cr.
Lock in Period for 50% shares (30 days) 12 June, 2024
Lock in Period for rest of shares (90 days) 11 August, 2024

Established in 2010, Aadhar Housing Finance Limited is a housing finance company (HFC) that caters to the low-income housing segment. The ticket size of this segment is less than Rs. 15 lakh. The company enjoyed the highest asset under management and net worth in the last few years. The average loan size availed by the customers is between Rs. 9 lakh to Rs. 10 lakh. 

Aadhar Housing Finance offers three products:

i) Mortgage-related loan products like loans for residential property purchase and construction
ii) home improvement and extension loans
iii) Loans for commercial property construction and acquisition

As of December 2023, the company served 10,926 pin codes in 20 states and union territories in India via its 487 branches, including 109 sales offices. 

Peer Comparison

●    Aptus Value Housing Finance India Limited
●    Aavas Financiers Limited
●    Home First Finance Company India Limited
●    India Shelter Finance Corporation Limited

For More Information:
Webstory on Aadhar Housing Finance IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 2043.23 1728.27 1575.33
EBITDA 1536.50 1341.81 1259.67
PAT 544.76 444.85 340.13
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 16617.87 14375.81 13630.33
Share Capital 394.76 394.76 394.76
Total Borrowings 12920.21 11229.12 10937.51
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -1155.69 -906.75 -1202.29
Net cash from / (used in) investing activities -476.53 822.57 -480.48
Net cash flow from / (used in) financing activities 1463.19 274.85 701.39
Net increase (decrease) in cash and cash equivalents -169.03 190.67 -981.38


Strengths

1.    The company has a seasoned business model with strong resilience through business cycles. 
2.    It has an extensive branch and sales office network across India. 
3.    The company has employed comprehensive processes for underwriting, collections and monitoring asset quality.
4.    It has a strong focus on HFC focused on the low-income housing segment and runs with a social motive of making a difference. 
5.    It has access to diversified and cost-effective long-term financing.
6.    Experienced management team.
 

Risks

1.    Any increase in the levels of non-performing assets in the AUM can adversely affect the company.
2.    The business has to comply with regulations and guidelines issued by regulatory authorities in India, including the NHB and RBI.
3.    It operates in a highly competitive industry. 
4.    High working capital requirements. 
5.    It has reported negative cash flows in the past. 

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FAQs

Aadhar Housing Finance IPO opens from 8th May to 10th May 2024.
 

The size of Aadhar Housing Finance IPO is ₹3000 cr. 
 

To apply for Aadhar Housing Finance IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Aadhar Housing Finance IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Aadhar Housing Finance IPO is set at ₹300 to ₹315 per share.
 

The minimum lot size of Aadhar Housing Finance IPO is 47 shares and the minimum investment required to apply for the IPO is ₹14,100.
 

The share allotment date of Aadhar Housing Finance IPO is 13th May 2024.
 

The Aadhar Housing Finance IPO will be listed on 15th May 2024.
 

ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory and Securities (India) Private Limited, and SBI Capital Markets Limited are the book-running lead managers for Aadhar Housing Finance IPO.
 

Aadhar Housing Finance Limited will use the proceeds from the IPO for:

●    To fund the working capital requirements for onward lending.
●    For general corporate purposes.