Aadhar Housing Finance IPO: SEBI Approves Rs 5000 Crore IPO

The Aadhar Housing Finance IPO is finally going to hit the market this year. On April 8, 2024, SEBI approved Rs 5000 crore initial public offering. This upcoming IPO is a combination of fresh issue and offer for sale. The fresh issue is of Rs 1000 crore and offer for sale component is of Rs 4000 crore.

Black Stone backed Aadhar Housing got the nod after it refiled draft initial share sale documents on February 8. Previously, Aadhar Housing Finance had filed the papers for IPO in January 2021, and had received a rejection from SEBI in May 2022. After a year, the validity of the approval lapses and issuers keen on a fresh attempt need to file new documents.

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About Aadhar Housing Finance Company Profile

Aadhar Housing Finance was established in 2010 and commenced its operation from 2011. Later, it merged with DHFL Vysya in 2017 and was renamed as Aadhar Housing Finance. Company is one of few players which has a Pan India presence. BCP TOPCO VII PTE. Limited is the holding company of Aadhar Housing Finance Limited.

As per the latest information available on the website, Company’s assets under management is 18,885 crore. Offices are present in 471+ locations across all over India. It had a team of over 3695 employees. 

Aadhar Housing Finance Company is one of the largest low-income housing finance company in India. It serves the home finance needs of low income sections of the society. Aadhar Housing helped many individuals to own their first home. 

Objectives of the IPO

The main objective of this Aadhar Housing Finance IPO is to meet the future capital requirements of the company. The funds raised from this initial public offer will be utilised for the future lending purposes  and to meet the general corporate purposes.

The prominent names of the finance industry such as ICICI Securities, Kotak Mahindra Capital, Nomura, Citi and SBI Capital are acting as advisors of the lender for listing. 

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