Aadhar Housing Finance IPO Details, Financials, Valuation & Peers

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Get everything you need to know about the Aadhar Housing Finance IPO. Explore Aadhar Housing Finance IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.

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Status
Listed
Biding Dates
08 May - 10 May 2024
Price Range
₹ 300 - 315
Issue Size
Up to ₹ 3000.0 crore
Listed Price
₹3150.00%

Overview

Aadhar Housing Finance Limited is a leading housing finance company (HFC) in India, primarily focusing on the low-income housing segment. Aadhar Housing Finance Limited is a major player in India's low-income housing sector. They specialize in offering smaller mortgage loans to economically disadvantaged and low-to-middle-income customers. Aadhar stands out for its extensive reach across 20 states, making it a key player in financial inclusion.

Key Points:

  • Market Leadership: Aadhar Housing Finance Limited has consistently maintained the highest Assets Under Management (AUM) and net worth among its peers, according to CRISIL reports for FY2021, FY2022, FY2023, and up to December 2023. It also holds the highest number of live accounts among its peers.
  • Retail Focus: The company primarily serves economically weaker and low-to-middle income customers, offering small ticket mortgage loans with an average ticket size of ₹ 9 lakh to ₹ 10 lakh. Aadhar Housing Finance Limited's loans typically have an average loan-to-value ratio of around 57.7% to 58.3%.
  • Diversified Portfolio: Aadhar Housing Finance Limited offers a range of mortgage-related loan products, including loans for residential property purchase, construction, home improvement, extension, and commercial property construction and acquisition.
  • Nationwide Presence: With an extensive network of 487 branches and sales offices spread across 20 states and union territories in India, Aadhar Housing Finance Limited operates in approximately 10,926 pin codes. Its diversified reach ensures it can cater to the specific needs of its target customers across urban and semi-urban areas.
  • Promoters: Since June 2019, Aadhar Housing Finance Limited has been backed by BCP Topco, an affiliate of Blackstone Group Inc., one of the world's leading investment firms. The company benefits from Blackstone's resources, relationships, and expertise in the financial services industry.

IPO Docs

Objects of the Issue

  • To meet future capital requirements towards onward lending
  • General Corporate Purposes
  • Estimated Offer related expenses in relation to the Fresh Issue to be borne by the Company

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

FieldsDetails
IPO Dates08 May - 10 May 2024
IPO Price Band₹ 300 - 315 per share
Fresh IssueAggregating up to ₹ 1000.0 crore
Offer For SaleUp to ₹ 2000.0 crore
Total IPO SizeUp to ₹ 3000.0 crore
Face Value₹ 10
Listing OnBSE, NSE

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

EventDate
IPO Opening Date08 May 2024
IPO Closing Date10 May 2024
Basis Of Allotment13 May 2024
Refunds14 May 2024
Demat Transfer14 May 2024
IPO Listing Date15 May 2024

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
Total Income1,575.551,728.56 2,043.521,895.17
Total Expenses1,143.041,161.201,322.701,194.19
Net Profit/Loss340.13444.85544.76547.88
NPM (*)21.5825.7226.6528.89
Total Assets13,630.3314,375.8116,617.8718,035.57
Total Liabilities10,937.5111,229.1212,920.2113,786.41

* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)

Valuation

Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.

Period Ended31st March 202131st March 202231st March 2023Dec 2023
EPS8.410.913.413.5
ROE (%)13.515.216.518.4
ROCE (%)NANANANA
D/E Ratio3.93.43.33.1
Current RatioNANANANA
EBITDA MARGIN (%)79.8777.6175.0976.01

* Compiled from DRHP/RHP for valuation purposes.

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

NameRevenueP/EEPSRoNWNAV
Aadhar Housing Finance Limited2,043.2323.5113.416.593.7
Aptus Value Housing Finance India Limited1,093.3631.310.116.167.1
Aavas Financiers Limited1,608.7628.154.314.1413.6
Home First Finance Company India Limited790.9934.925.213.5206.5
India Shelter Finance Corporation Limited 584.5333.117.513.4141.4

* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.

Subscription Data from NSE and BSE

Investor TypeSubscribed
Qualified Institutional Buyer (QIB)76.42
Non-Institutional Investor (NII/HNI)17.33
Retail Individual Investor (RII)2.58
Total26.76

* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.

IPO Registrar

KFin Technologies Limited
Phone
: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com

Company Promoters

  • BCP TOPCO VII PTE. LTD.

Lead Managers

  • ICICI Securities Limited
  • Citigroup Global Markets India Private Limited
  • Kotak Mahindra Capital Company Limited
  • Nomura Financial Advisory and Securities (India) Private Limited
  • SBI Capital Markets Limited

Company Address

Aadhar Housing Finance Limited

2 nd floor, No. 3, JVT Towers, 8th ‘A’, Main Road, Sampangi Rama Nagar, Bengaluru 560 027, Karnataka, India

Phone: +91 22 4168 9900
Email: complianceofficer@aad harhousing.com
Website: https://aadharhousing.com/

FAQs

  • What is the issue size of the Aadhar Housing Finance IPO?
    The Aadhar Housing Finance IPO has an issue size of Up to ₹ 3000.0 crore. This includes a fresh issue of Aggregating up to ₹ 1000.0 crore and an offer for sale (OFS) of Up to ₹ 2000.0 crore.
  • What is the price band of the Aadhar Housing Finance IPO?
    The price band for the Aadhar Housing Finance IPO is ₹ 300 - 315 per share.
  • What are the bidding dates for the Aadhar Housing Finance IPO?
    The Aadhar Housing Finance IPO will open for bidding on 08 May 2024 and close on 10 May 2024.
  • What is the allotment date for the Aadhar Housing Finance IPO?
    The allotment date for the Aadhar Housing Finance IPO is 13 May 2024.
  • What is the listing date for the Aadhar Housing Finance IPO?
    The listing date for the Aadhar Housing Finance IPO is 15 May 2024.
  • What is the Aadhar Housing Finance IPO grey market premium?
    The grey market premium (GMP) for the Aadhar Housing Finance IPO is currently at ₹43, with an expected listing gain of approximately 13.65%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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