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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 ₹315.00 per share . The lot size for an application is 47. The minimum amount of investment required by an retail is ₹14,100 (47 shares). 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 Date | May 8, 2024 to May 10, 2024 |
| Listing Date | May 15, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹300 to ₹315 per share |
| Issue Price Final | ₹315 per share |
| Lot Size | 47 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 9,52,55,598 shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | 3,17,63,535 shares (aggregating up to ₹1,000.37 Cr) |
| Offer for Sale | 6,34,92,063 shares of ₹10 (aggregating up to ₹1,999.63 Cr) |
| Employee Discount | ₹23.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 39,47,54,970 shares |
| Share Holding Post Issue | 42,65,01,002 shares |
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, 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 | Maximum 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%) |
| 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 |
Aadhar Housing Finance IPO raises ₹897.90 crore from anchor investors. Aadhar Housing Finance IPO Anchor bid date is May 7, 2024. Aadhar Housing Finance IPO Anchor Investors list
| Bid Date | May 7, 2024 |
| Shares Offered | 2,85,04,761 |
| Anchor Portion Size (In Cr.) | 897.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 11, 2024 |
Aadhar Housing Finance IPO opens on May 8, 2024, and closes on May 10, 2024.
| IPO Open Date | Wed, May 8, 2024 |
| IPO Close Date | Fri, May 10, 2024 |
| Tentative Allotment | Mon, May 13, 2024 |
| Initiation of Refunds | Tue, May 14, 2024 |
| Credit of Shares to Demat | Tue, May 14, 2024 |
| Tentative Listing Date | Wed, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, May 10, 2024 |
Investors can bid for a minimum of 47 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 market capitalization of Aadhar Housing Finance IPO is ₹13434.78 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 18.4% |
| Debt/Equity | 3.10 |
| RoNW | 12.9% |
| Price to Book Value | 2.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 13.81 | 17.13 |
| P/E (x) | 22.8 | 18.39 |
[Dilip Davda] 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. Based on FY24 annualized earnings, the issue appears reasonably priced and makes it a long term scrip of portfolio across the class of investors. Investors may apply in full force for the medium to long term rewards. Read detail review...
| Listing Date | May 15, 2024 |
| BSE Script Code | 544176 |
| NSE Symbol | AADHARHFC |
| ISIN | INE883F01010 |
| Final Issue Price | ₹315 per share |
| BSE Listing Group | B |
Aadhar Housing Finance Ltd.
2nd floor, No. 3, JVT Towers,
8th‘A’, Main Road, Sampangi Rama Nagar,
Bengaluru-560027
Bengaluru, Karnataka
Phone: +91 22 41689900
Email: complianceofficer@aadharhousing.com
Website: https://aadharhousing.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ahfl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹3,000.00 Crores. The issue is priced at ₹315 per share. The minimum order quantity is 47.
The IPO opens on May 8, 2024, and closes on 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 May 8, 2024 and closes on 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 Tuesday, May 14, 2024. Check the Aadhar Housing Finance IPO allotment status.
The Aadhar Housing Finance IPO listing date is on Wednesday, May 15, 2024.
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