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Aadhar Housing Finance Limited IPO : Important Dates

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.

dhairya@socialcoffee.in