Aadhar Housing Finance Limited IPO is set to launch on 8 May, 2024. The company was incorporated in 2010 as a housing finance company targeting the lower income segment. It aims to serve customers in tier 4 and tier 5 towns of India through its deep impact branches’ sales offices. The company provides a variety of mortgage-related loan products, including as loans for the acquisition and construction of commercial real estate, home remodelling and extension loans, and loans for the purchase and building of residential real estate.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers’ loans and has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India. It has 3,695 employees and has served 246,983 customers nationwide as of 30 September, 2023.
Aadhar Housing Finance Limited IPO DETAILS
Aadhar Housing Finance Limited IPO is set to launch on 8 May, 2024. The subscription timeline extends till 10 May, 2024. The size for the IPO is Rs. 3000 Crore. Shares issued through fresh issue mode are worth Rs 1000 Crore and shares issued through offer for sale mode are worth Rs. 2000 Crore. The lot size is 47 shares and the price is Rs. 300 to Rs. 315 per share. The company is going to get listed at BSE & NSE Mainboard. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Kfin Technologies Limited.
Tabular Description of Aadhar Housing Finance Limited IPO
| IPO OPENING DATE | 8 May, 2024 |
| CLOSING DATE FOR IPO | 10 May, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | Rs. 10 per share |
| IPO price band | Rs. 300 to Rs. 315 per share |
| LOT SIZE | 47 shares |
| MINIMUM ORDER QUANTITY | 47 shares |
| ISSUE SIZE | Rs. 3000 Crore |
| OFFER FOR SALE | Rs. 2000 Crore |
| FRESH ISSUE | Rs. 1000 Crore |
| LISTING AT | BSE & NSE Mainboard |
| LISTING DATE | 15 May, 2024 |
Aadhar Housing Finance Limited IPO: IMPORTANT DATES
| IPO OPENING DATE | 8 May, 2024 |
| CLOSING DATE FOR IPO | 10 May, 2024 |
| IPO ALLOTMENT DATE | 13 May, 2024 |
| REFUNDS | 14 May, 2024 |
| DEMAT A/C CREDITED ON | 14 May, 2024 |
| IPO LISTING DATE | 15 May, 2024 |
Aadhar Housing Finance Limited IPO begins for subscription from 8 May, 2024. The IPO subscription would continue till 10 May, 2024. The allotment status for the shareholders who applied would come on 13 May, 2024. The refunds for the ones who did not get allotment would be initiated on 14 May, 2024. The DEMAT accounts of shareholders would be credited on 14 May, 2024. The listing of the company would be completed on 15 May, 2024.
Aadhar Housing Finance Limited IPO: Lead Managers
The lead managers are :
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- SBI Capital Markets Limited
The minimum lot size for retail investors is 47 shares, amounting to Rs. 14805. The maximum lot size for retail investors is 611 shares, amounting to Rs. 192465. The minimum and maximum lot size for S-HNI and B-HNI are as under:
| Shares | Amount | |
| Retail (Minimum) | 47 shares | Rs. 14805 |
| Retail (Maximum) | 611 shares | Rs. 192465 |
| S-HNI (Minimum) | 658 shares | Rs. 207270 |
| S-HNI (Maximum) | 3149 shares | Rs. 991935 |
| B-HNI (Maximum) | 3196 shares | Rs. 1006470 |
OBJECTIVES FOR THE IPO
- To meet future capital requirements towards onward lending; and
- General corporate purposes.
COMPANY FINANCIALS
| Particularly (in Rs. Crore) | 2020-21 | 2021-22 | 2022-23 | Dec-2023 |
| Asset | 13630.33 | 14375.81 | 16617.87 | 18035.57 |
| Revenue | 1575.55 | 1728.56 | 2043.52 | 1895.17 |
| PAT | 340.46 | 446.2 | 545.34 | 547.88 |
Aadhar Housing Finance Limited had an asset base of Rs. 13630.33 Crore in 2021 which increased to Rs. 16617.87 Crore in 2023.The asset base of the firm jumped to Rs. 18035.57 Crore as on Dec-2023. The revenue for the company was Rs. 1575.55 Crore in 2021, which increased to Rs. 2043.52 Crore in 2023. The revenue for 9 months ending December 2023 was Rs. 1895.17 Crore. The profit of the company increased from Rs. 340.46 Crore in 2021 to Rs. 545.34 Crore in 2023. The profit generated for the 9 months ending December 2023 was Rs. 547.88 Crore.
PROS
- The company is a leader in the segment it is operating i.e. low income housing.
- It has posted steady growth in its top and bottom lines for the reported periods.
- It enjoys Pan India presence and leads the pack of HFCs on many counts.
- The company operates a financially inclusive, customer centric lending business and its business model contributes significantly to the economic upliftment of its target customers by contributing to an improvement in their standard of living
Aadhar Housing Finance Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Aadhar Housing Finance Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
