Aadhar Housing Finance IPO Details, Financials, Valuation & Peers
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.
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.
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.
| Fields | Details |
|---|---|
| IPO Dates | 08 May - 10 May 2024 |
| IPO Price Band | ₹ 300 - 315 per share |
| Fresh Issue | Aggregating up to ₹ 1000.0 crore |
| Offer For Sale | Up to ₹ 2000.0 crore |
| Total IPO Size | Up to ₹ 3000.0 crore |
| Face Value | ₹ 10 |
| Listing On | BSE, 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.
| Event | Date |
|---|---|
| IPO Opening Date | 08 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Basis Of Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Demat Transfer | 14 May 2024 |
| IPO Listing Date | 15 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 1,575.55 | 1,728.56 | 2,043.52 | 1,895.17 |
| Total Expenses | 1,143.04 | 1,161.20 | 1,322.70 | 1,194.19 |
| Net Profit/Loss | 340.13 | 444.85 | 544.76 | 547.88 |
| NPM (*) | 21.58 | 25.72 | 26.65 | 28.89 |
| Total Assets | 13,630.33 | 14,375.81 | 16,617.87 | 18,035.57 |
| Total Liabilities | 10,937.51 | 11,229.12 | 12,920.21 | 13,786.41 |
* 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 Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 8.4 | 10.9 | 13.4 | 13.5 |
| ROE (%) | 13.5 | 15.2 | 16.5 | 18.4 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | 3.9 | 3.4 | 3.3 | 3.1 |
| Current Ratio | NA | NA | NA | NA |
| EBITDA MARGIN (%) | 79.87 | 77.61 | 75.09 | 76.01 |
* 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.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Aadhar Housing Finance Limited | 2,043.23 | 23.51 | 13.4 | 16.5 | 93.7 |
| Aptus Value Housing Finance India Limited | 1,093.36 | 31.3 | 10.1 | 16.1 | 67.1 |
| Aavas Financiers Limited | 1,608.76 | 28.1 | 54.3 | 14.1 | 413.6 |
| Home First Finance Company India Limited | 790.99 | 34.9 | 25.2 | 13.5 | 206.5 |
| India Shelter Finance Corporation Limited | 584.53 | 33.1 | 17.5 | 13.4 | 141.4 |
* 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 Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 76.42 |
| Non-Institutional Investor (NII/HNI) | 17.33 |
| Retail Individual Investor (RII) | 2.58 |
| Total | 26.76 |
* 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.