Bookbuilding IPO | ₹3,000 Cr | Listed at BSE, NSE | Wed, May 8, 2024 - Fri, May 10, 2024
Aadhar Housing Finance IPO is a book build issue of ₹3,000.00 crores. The issue is a combination of fresh issue of 3.18 crore shares aggregating to ₹1,000.37 crores and offer for sale of 6.35 crore shares aggregating to ₹1,999.63 crores.
Aadhar Housing Finance IPO bidding started from May 8, 2024 and ended on May 10, 2024. The allotment for Aadhar Housing Finance IPO was finalized on May 13, 2024. The shares got listed on BSE, NSE on May 15, 2024.
Aadhar Housing Finance IPO price band is set at ₹315 per share. The lot size for an application is 47. The minimum amount of investment required by an retail is ₹14,805 (47 shares) (based on upper price). The lot size investment for sNII is 14 lots (658 shares), amounting to ₹2,07,270, and for bNII, it is 68 lots (3,196 shares), amounting to ₹10,06,740.
The issue includes a reservation of up to 2,39,726 shares for employees offered at a discount of ₹23.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Aadhar Housing Finance IPO RHP for detailed Information.
IPO Open
Wed, May 8, 2024
IPO Close
Fri, May 10, 2024
Issue Price
₹315 per share
Market Cap (Pre-IPO)
₹13,434.78 Cr
| IPO Date | 8 to 10 May, 2024 |
| Listed on | Wed, May 15, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹300 to ₹315 |
| Issue Price | ₹315 per share |
| Lot Size | 47 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹23.00 |
| Total Issue Size | 9,52,55,598 shares (agg. up to ₹3,000 Cr) |
| Fresh Issue | 3,17,63,535 shares (agg. up to ₹1,000 Cr) |
| Offer for Sale | 6,34,92,063 shares of ₹10 (agg. up to ₹2,000 Cr) |
| Share Holding Pre Issue | 39,47,54,970 shares |
| Share Holding Post Issue | 42,65,01,002 shares |
| BSE Script Code / NSE Symbol | 544176 / AADHARHFC |
| ISIN | INE883F01010 |
Aadhar Housing Finance IPO offers total 9,52,55,598 shares. Out of which 4,75,07,935 (49.87%) allocated to QIB, 1,90,03,174 (19.95%) allocated to QIB (Ex- Anchor), 1,42,52,381 (14.96%) allocated to NII 3,32,55,556 (34.91%) allocated to RII and 2,85,04,761 (29.92%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 4,75,07,935 (49.87%) | NA |
| − Anchor Investor Shares Offered | 2,85,04,761 (29.92%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,90,03,174 (19.95%) | NA |
| NII (HNI) Shares Offered | 1,42,52,381 (14.96%) | NA |
| − bNII > ₹10L | 95,01,588 (9.97%) | 14,440 |
| − sNII < ₹10L | 47,50,793 (4.99%) | 7,220 |
| Retail Shares Offered | 3,32,55,556 (34.91%) | 7,07,565 |
| Employee Shares Offered | 2,39,726 (0.25%) | NA |
| Total Shares Offered | 9,52,55,598 (100.00%) |
Investors can bid for a minimum of 47 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹14,805 |
| Retail (Max) | 13 | 611 | ₹1,92,465 |
| S-HNI (Min) | 14 | 658 | ₹2,07,270 |
| S-HNI (Max) | 67 | 3,149 | ₹9,91,935 |
| B-HNI (Min) | 68 | 3,196 | ₹10,06,740 |
Aadhar Housing Finance IPO raises ₹897.90 crore from anchor investors. Aadhar Housing Finance IPO Anchor bid date is May 7, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 7, 2024 |
| Shares Offered | 2,85,04,761 |
| Anchor Portion (₹ Cr.) | 897.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 11, 2024 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment.
The deep impact branches' sales offices aim to serve customers in India's tier 4 and tier 5 towns.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans.
The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension.
As of September 30, 2023, the company 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.
As of September 30th, 2023, the company has 3,695 employees. Its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), has 1,851 employees.
The company has served 246,983 customers nationwide through 471 branches and offices.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18,035.57 | 16,617.87 | 14,375.81 | 13,630.33 |
| Total Income | 1,895.17 | 2,043.52 | 1,728.56 | 1,575.55 |
| Profit After Tax | 547.88 | 545.34 | 446.20 | 340.46 |
| NET Worth | 4,249.10 | 3,697.60 | 3,146.63 | 2,692.76 |
| Total Borrowing | 13,127.59 | 12,153.45 | 10,674.59 | 10,374.47 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet future capital requirements towards onward lending | 750.00 |
| 2 | General corporate purposes | 202.33 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 18.4% |
| Debt/Equity | 3.10 |
| RoNW | 12.9% |
| Price to Book Value | 2.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 13.81 | 17.13 |
| P/E (x) | 22.8 | 18.39 |
| Promoter Holding | 98.72% | 76.48% |
| Market Cap | ₹13,434.78 Cr. |
The Aadhar Housing Finance IPO is subscribed 26.76 times on May 10, 2024 6:19:07 PM (Day 3). The public issue subscribed 2.58 times in the retail category, 76.42 times in the QIB category, and 17.33 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 76.42 | 1,90,03,176 | 1,45,22,03,838 |
| NII | 17.33 | 1,42,52,381 | 24,69,56,424 |
| bNII (bids above ₹10L) | 18.9 | 95,01,587 | 17,95,54,617 |
| sNII (bids below ₹10L) | 14.19 | 47,50,794 | 6,74,01,807 |
| Retail | 2.58 | 3,32,55,556 | 8,57,36,601 |
| Employee | 6.88 | 2,39,726 | 16,48,384 |
| Total | 26.76 | 6,67,50,839 | 1,78,65,45,247 |
Total Application : 16,36,280
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 56.29 |
| 2 | Commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Banks for Bids made by RIBs using UPI | 6.59 |
| 3 | Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 4 | Fees payable to the Registrar to the Offer | 0.28 |
| 5 | Fees payable to others | 11.70 |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 12.03 |
| 7 | Printing and stationery | 2.60 |
| 8 | Advertising and marketing expenses | 13.43 |
| 9 | Fee payable to legal advisors | 19.12 |
| 10 | Miscellaneous | 20.96 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹315.00 | ₹315.00 |
| Open | ₹314.30 | ₹315.00 |
| Low | ₹293.35 | ₹292.00 |
| High | ₹343.20 | ₹343.70 |
| Last Trade | ₹329.55 | ₹329.45 |
Lead Manager Reports
Aadhar Housing Finance IPO is a main-board IPO of 9,52,55,598 equity shares of the face value of ₹10 aggregating up to ₹3,000 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 47.
The IPO opens on Wed, May 8, 2024, and closes on Fri, May 10, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aadhar Housing Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Aadhar Housing Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aadhar Housing Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aadhar Housing Finance IPO opens on Wed, May 8, 2024 and closes on Fri, May 10, 2024.
Aadhar Housing Finance IPO lot size is 47, and the minimum amount required for application is ₹14,805.
You can apply in Aadhar Housing Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aadhar Housing Finance IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tue, May 14, 2024. Check the Aadhar Housing Finance IPO allotment status.
The Aadhar Housing Finance IPO listing date is on Wed, May 15, 2024.
