Aadhar Housing Finance Ltd IPO

As of 31 March 2020, Aadhar Housing Finance is the largest HFC in India, in terms of AUM. When compared to their peers, Aadhar has the largest customer base and the highest disbursement for FY20. 
As of 30 September 2020, the company has 292 branches which cover 20 states all over the country. 56% of the branches are spread across 5 states and the remaining 44% are spread across 15 states in the country. According to a report by CRISIL, the maximum amount of housing finance demand exists in 10 states of India, and Aadhar Housing Finance is present in all those 10 states. They have a total of 2,088 employees as of 30 September 2020 and their subsidiary in which they hold a 100% stake, has a total of 1,326 employees. 
The company had crossed around 150,000 accounts in FY20 and crossed 165,000 in as on 30 September 2020. A large percentage of their customers belong to the low-to middle income class of the society. 35.17% of the customers are self-employed individuals and 64.83% are salaried individuals. The company also offers loans for property renovations, property extensions, and loans for purchase of commercial properties. 
They have been able to manage an average ticket size of Rs.0.83-0.85 million which is an attractive range for a housing finance company. In 2018, the company launched a sales channel called “Aadhar Mitra”. These people are those who are in non-allied industries, and they act as lead providers to the sales team of the company.