Aadhar Housing Finance Limited is launching its IPO. The IPO opens for subscription on 8th May and will close on 10th May 2024.
What does Aadhar Housing Finance Limited do?
Incorporated in 2010, Aadhar Housing Finance Limited is an HFC offering a range of mortgage-related loan products, including loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.
According to CRISIL, It is an HFC focused on the low-income housing segment (ticket size less than ₹15 lakhs) in India, having the highest AUM and net worth among the analyzed peers in FY2021, FY2022, and FY2023. The company has an extensive network of 487 branches including 109 sales offices spread across 20 states and union territories, operating in approximately 10,926 pin codes across India, as of December 31, 2023.
What is the issue size of the Aadhar Housing Finance Limited IPO?
The 3000 crore public offer of the company is a combination of a Fresh equity issue worth 1000 crore and an offer for sale (OFS) worth Rs. 2000 crore from the existing shareholders.
Financials of Aadhar Housing Finance Limited IPO (₹ crores)
| Financial Year | Total Assets | Total Revenue | Profit After Tax | EPS |
|---|---|---|---|---|
| March 31, 2021 | 13,630.33 | 1,575.55 | 340.46 | 8.6 |
| March 31, 2022 | 14,375.81 | 1,728.56 | 446.20 | 11.3 |
| March 31, 2023 | 16,617.87 | 2,043.52 | 545.34 | 13.8 |
| December 31, 2023 | 18,035.57 | 1,895.17 | 547.88 | 13.9 |
Schedule/Timeline of Aadhar Housing Finance Limited IPO
| Issue Period | 8th May to 10th May 2024 |
|---|---|
| Price band | ₹ 300 to 315 |
| Minimum Bid quantity | 47 & Multiples thereof |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares | May 14, 2024 |
| Date of Listing | May 15, 2024 |
| Mandate end date | May 25, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 13, 2024 |
Anchor Investors Lock-In End Date (Remaining investment) August 13, 2024
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
Risk factors to consider:
Negative Cash flows: The company had negative net cash flows in the past and may continue to have negative cash flows in the future.
How do I apply to the Aadhar Housing Finance Limited IPO?
You can apply for the Aadhar Housing Finance Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Aadhar Housing Finance Limited IPO?
You can check the allotment status for the Aadhar Housing Finance Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.