Aadhar Housing Finance IPO description – Aadhar Housing Finance is a retail-focused affordable housing finance company, serving economically weaker and low-to-middle-income customers, who require small-ticket mortgage loans. It is the largest affordable HFC in India in terms of AUM. The company also has the most geographically diversified AUM and the highest operating expenditure ratio efficiency.
The average ticket size of Aadhar Housing Finance loans was INR 0.09 crore, and INR .10 crore with an average loan-to-value of 57.7% and 58.3%, as of 31 December 2022 and 31 December 2023, respectively. As of 31 December 2023, Aadhar Housing Finance has a total of 3,885 employees and its 100% owned subsidiary has a total of 1,875 employees.
As of 31 March 2023 and 31 December 2023, salaried customers accounted for 58.6% and 57.2% of its Gross AUM, and self-employed customers accounted for 41.4% and 42.8% of Gross AUM, respectively. As of 31 December 2023, the company has 255,683 live accounts (including assigned and co-lent loans).
The company has an extensive network of 487 branches including 109 sales offices, as of 31 December 2023, with branches spread across 20 states and union territories, operating in approximately 10,926 locations across India. Its branch network is widely dispersed with no state accounting for more than 14% of Gross AUM.
Promoters of Aadhar Housing Finance – BCP Topco VII Pte. Ltd
Table of Contents
Aadhar Housing Finance IPO Details
| Aadhar Housing IPO Dates | 8 – 10 May 2024 |
| Aadhar Housing IPO Price | INR 300 – 315 per share Employee Discount – INR 23 per share |
| Fresh issue | INR 1,000 crore |
| Offer For Sale | INR 2,000 crore |
| Total IPO size | INR 3,000 crore |
| Minimum bid (lot size) | 47 shares (INR 14,805) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Aadhar Housing Finance Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 1,575.33 | 1,728.27 | 2,043.23 | 1,895.02 |
| Expenses | 1,143.04 | 1,161.20 | 1,322.70 | 1,194.19 |
| Net income | 340.13 | 444.85 | 544.76 | 547.88 |
| Margin (%) | 21.59 | 25.74 | 26.66 | 28.91 |
Aadhar Housing Finance Offer News
- Aadhar Housing Finance RHP
- Aadhar Housing Finance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Aadhar Housing Finance Valuations & Margins
| FY 2021 | FY 2022 | FY 2023Â (Pre-Issue) | FY 2024 (Post-Issue)* | |
| EPS | 8.62 | 11.27 | 13.80 | 17.13 |
| PE ratio | – | – | 21.74 – 22.83 | 17.52 – 18.39 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | 12.6 | 14.1 | 14.7 |
| NAV | 68.21 | 79.70 | 93.66 |
| EBITDA (%) | 79.9 | 77.6 | 75.2 |
| ROE (%) | 13.5 | 15.2 | 16.5 |
| Debt/Equity | 3.9 | 3.4 | 3.3 |
Aadhar Housing Finance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 May 2024 | 55 | 800 | 1,900 |
| 13 May 2024 | 70 | 1,000 | 2,200 |
| 11 May 2024 | 68 | 1,000 | 2,100 |
| 10 May 2024 | 65 | 1,000 | 2,300 |
| 9 May 2024 | 70 | 1,000 | 2,200 |
| 8 May 2024 | 70 | 1,000 | 2,300 |
| 7 May 2024 | 70 | 1,000 | 2,300 |
| 6 May 2024 | 60 | 900 | 2,000 |
| 4 May 2024 | 65 | 800 | 1,800 |
| 3 May 2024 | 70 | 800 | 1,800 |
| 2 May 2024 | 90 | – | – |
Aadhar Housing Finance Issue Objectives
The company proposes to utilize the Net Proceeds towards the following:
- To meet future capital requirements towards onward lending – INR 750 crore
- General corporate purposes
Aadhar Housing Finance IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 1,99,53,332 | 1,49,65,000 | 3,49,18,334 | 2,52,707 | 7,00,89,373 |
| 10 May 2024 | 72.78 | 16.50 | 2.45 | 6.52 | 25.49 |
| 9 May 2024 | 2.05 | 1.94 | 0.94 | 3.59 | 1.48 |
| 8 May 2024 | 0.33 | 0.60 | 0.41 | 2.01 | 0.44 |
 Aadhar Housing Finance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Aadhar Housing Finance | 22.83 | 13.80 | 16.5 | 93.66 | 2,043.23 |
| Aptus Value Housing Finance | 36.7 | 10.1 | 16.1 | 67.1 | 1,093.36 |
| Aavas Financiers | 27.8 | 54.3 | 14.1 | 413.6 | 1,608.76 |
| Home First Finance | 38.2 | 25.2 | 13.5 | 206.5 | 790.99 |
| India Shelter Finance | 32.9 | 17.5 | 13.4 | 141.4 | 584.53 |
Aadhar Housing Finance IPO Allotment Status
Aadhar Housing IPO allotment is now available on KFin Technologies’ website. Click on this link to get allotment status.
Aadhar Housing Finance IPO Dates & Listing Performance
| Aadhar Housing IPO Opening Date | 8 May 2024 |
| Aadhar Housing IPO Closing Date | 10 May 2024 |
| Finalisation of Basis of Allotment | 13 May 2024 |
| Initiation of refunds | 14 May 2024 |
| Transfer of shares to demat accounts | 14 May 2024 |
| Aadhar Housing IPO Listing Date | 15 May 2024 |
| Opening Price on NSE | INR 315 per share (No change) |
| Closing Price on NSE | INR 329.45 per share (up 4.59%) |
Aadhar Housing Finance IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Axis Capital –
Aditya Birla Capital – Subscribe
Arihant Capital –
Ashika Research – Not Rated
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking –
Elite Wealth – Apply for long term
SMIFS – Subscribe
GEPL Capital – Subscribe
Hem Securities – Subscribe
InCred Equities –
Mehta Equities – Subscribe for long term
Jainam Broking – Avoid
Marwadi Financial – Subscribe
Nirmal Bang – Subscribe
Reliance Securities –
SBI Securities – Not Rated
Samco Securities – Subscribe for long term
SMC Global – 2/5
Systematix Shares – Subscribe
Sushil Finance –
Swastika Investmart – Subscribe for long term
Ventura Securities – Subscribe
Aadhar Housing Finance Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Aadhar Housing Finance Offer Registrar
KFIN TECHNOLOGIES PRIVATE LIMITED
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Email:Â [email protected]
Website:Â www.kfintech.com
Aadhar Housing Finance Contact Details
AADHAR HOUSING FINANCE LIMITED
Unit No. 802, 8th Floor, Natraj by Rustomjee,
Junction of Western Express Highway and M. V. Road,
Andheri (East), Mumbai 400 069, Maharashtra
Phone:Â +91 22 3950 9900
Email:Â [email protected]
Website:Â www.aadharhousing.com
Aadhar Housing Finance IPO FAQs
How many shares in Aadhar Housing Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Aadhar Housing Finance Public Offer?
The best way to apply in the Aadhar Housing public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Aadhar Housing Finance IPO GMP today?
Aadhar Housing IPO GMP today is INR 55 per share.
What is the Aadhar Housing Finance kostak rate today?
Aadhar Housing Finance kostak rate today is 800 per application.
What is Aadhar Housing Subject to Sauda rate today?
Aadhar Housing Subject to Sauda rate today is 1,900 per application.
