02-May-2024
2 mins read
Aadhar Housing Finance IPO is open for subscription starting Wednesday, May 8, 2024, and closing on Friday, May 10, 2024. The price is decided at Rs 300 to Rs 315 per share. The minimum lot size for the retail category is 47 shares. The minimum lot size for small NII is 14 lots consisting of 658 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 3,196 shares. The minimum investment required for retail category investors is Rs 14,805 ( 570 x 26 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,270 (315 x 658 shares); for big non-institutional investors, it is Rs 10,06,740 (351 x 3,196 shares). Aadhar Housing Finance IPO is a book-built issue of Rs 3,000 crores. This issue is a combination of fresh issue and offer for sale. The fresh issue is of 3.17 crore shares amounting to Rs 1,000 crore and OFS of 6.35 crore shares amounting to Rs 2,000 crore. The allotment for this IPO is expected to be finalised on Monday, May 13, 2024. Aadhar Housing Finance Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead managers of Aadhar Housing Finance Limited are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Limited, Nomura Financial Advisory And Securities India and SBI Capital Markets Limited. The registrar for this new IPO is Kfin Technologies Limited.
About Aadhar Housing Finance Limited
Aadhar Housing Finance Limited was incorporated in 2010, is a housing finance company targeting the lower income segment. It was merged into DVHFL on 20 November 2017 and renamed Aadhar Housing Finance Limited. The company provides a wide variety of loan products for residential and commercial property purchase and construction, home renovation etc. As of September 30, 2023, the company had a vast network of 471 branches including 91 sales offices. Their branches and sales offices spreaded across 20 states and union territories. The company operates in around 10,926 pin codes throughout India. As per latest record, the company has 3,695 employees. It also had a subsidiary company named Aadhar Sales and Services Private Limited which had 1,851 employees. The deep impact branches' sales offices aim to serve customers in India's tier-4 and tier-5 towns. Aadhar Housing Finance had served 2,46,983 customers nationwide through 471 branches and offices.
Objectives of Aadhar Housing Finance IPO
The net amount received from this initial public offer will be used to fulfil the capital requirements toward onward lending. Additionally, the amount will be utilised in general corporate purposes.
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Financials of Aadhar Housing Finance Limited (Amt in Rs Crore)
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 446.2 | 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 |
Other Important Details of Aadhar Housing Finance Limited IPO
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | 15-May-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 300 to Rs 315 per share |
| Lot Size | 47 Shares |
| Total Issue Size | 95,238,095 shares amounting to Rs 3,000 crore |
| Fresh Issue | 31,746,032 shares amounting to Rs 1,000 crore |
| Offer for Sale | 63,492,063 shares of Rs 10 amounting to Rs 2,000 crore |
| Employee Discount | Rs 23 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 394,754,970 |
| Shareholding post issue | 426,501,002 |
Time-Table of Aadhar Housing Finance Limited IPO
| 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 | 5 PM on May 10, 2024 |
Lot Size of Aadhar Housing Finance Limited IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 47 | Rs 14,805 |
| Retail - maximum | 13 | 611 | Rs 1,92,465 |
| S-HNI - minimum | 14 | 658 | Rs 2,07,270 |
| S-HNI - maximum | 67 | 3,149 | Rs 9,91,935 |
| B-HNI - minimum | 68 | 3,196 | Rs 10,06,740 |
IPO Reservation of Aadhar Housing Finance Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Promoters of Aadhar Housing Finance Limited and Their Holdings
The promoters of Aadhar Housing Finance company are BCP Topco VII Pte. Limited. (A Blackstone Group Company).
| Shareholding Pre Issue | 98.72 percent |
| Shareholding Post Issue | - |
Key Performance Indicator of Aadhar Housing Finance Limited IPO
| KPI | Values |
| ROE | 18% |
| Debt/Equity | 3.1 |
| RoNW | 12.90% |
| P/BV | 2.93 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 13.81 | 17.13 |
| P/E | 22.8 | 18.39 |
Lead Manager(s) of Aadhar Housing Finance Limited IPO
The book-running lead managers of Aadhar Housing Finance Limited are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Limited, Nomura Financial Advisory And Securities India and SBI Capital Markets Limited.
How do you apply for the Aadhar Housing Finance Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the Aadhar Housing Finance Limited IPO with Bigul.
How do you check the allotment status of the Aadhar Housing Finance Limited IPO?
The registrar for Aadhar Housing Finance Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is Aadhar Housing Finance Limited IPO 2024?
Aadhar Housing Finance IPO is a book-built issue of Rs 3,000 crores. This issue is a combination of fresh issue and offer for sale. The fresh issue is of 3.17 crore shares amounting to Rs 1,000 crore and OFS of 6.35 crore shares amounting to Rs 2,000 crore. The price is decided at Rs 300 to Rs 315 per share.
- Who are the lead managers for the Aadhar Housing Finance Limited IPO?
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 appointed as the lead managers for this IPO.
- What is the role of Kfin Technologies in this IPO?
Kfin Technologies Limited is the registrar for Aadhar Housing Finance Limited, handling the IPO's administrative aspects.
- How can I apply for the Aadhar Housing Finance Limited IPO?
The public subscription of this IPO will open on May 8, 2024. Click here to continue the application process.
- How will the net proceeds from the IPO be utilised?
The net amount received from this initial public offer will be used to fulfil the capital requirements for onward lending and for general corporate purposes.
- How can I check the allotment status of the IPO?
Investors can check out the allotment status of the Aadhar Housing Finance Limited IPO 2024 by visiting here.
- What is the financial performance of Aadhar Housing Finance Limited?
Aadhar Housing Finance reported a revenue of Rs 1,895.17crore and net profit of Rs 547.88 crore for the period ending on 31 Dec 2023. Between the FY ending on 31 March 2023 and 31 March 2022 the revenue increased by 18.22% and PAT jumped by 22.22%.
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