Aadhar Housing Finance IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: May 13, 2024Aadhar Housing Finance Ltd is a housing finance company that helps millions of people realize the dream of their own house.
The company is upcoming with an IPO to raise funds from the general public and list its securities on the stock exchanges.
The Aadhar Housing IPO will combine a Fresh Issue and an Offer for Sale. The complete IPO offer is to raise Rs. 3000 crores from the market.
In this Aadhar Housing IPO Review, we will analyze and understand the operations of Aadhar Housing, its products and services, its promoters, and management personnel.
Also, we will include details of the IPO size, price, subscription, allotment, GMP, and other essential factors.
| Face Value | Rs 10 |
| Price Band | Rs300 to Rs 315 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 47 Shares |
| Listing Date | May 15, 2024 |
| Offer for Sale | Rs.2,000.00 Crore |
| Fresh Issue | Rs.1,000.00 Crore |
| IPO Size | Rs.3,000.00 Crore |
| Tick Size | 1 |
Aadhar Housing Finance IPO Overview
Aadhar Housing IPO will be a Rs. 3000 crore IPO comprising a Fresh Issue of equity shares aggregating up to Rs. 1,000 crore and an Offer for Sale of equity shares aggregating up to Rs. 2,000 crore.
The promoter of the company, BCP Topco VII PTE. LTD will be offloading its shares from the company through the offer for sale. The IPO of Aadhar Housing also includes a reservation for eligible employees.
Aadhar Housing Finance IPO Important Dates
| Events | Date |
| IPO Opening Date | May 8, 2024 |
| IPO Closing Date | May 10, 2024 |
| Basis of Allotment Finalization | May 13, 2024 |
| Refunds Initiation | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| Share Listing Date | May 15, 2024 |
Aadhar Housing IPO Dates are now declared. The company has filed the DRHP with the capital market regulator SEBI to seek its approval and launch the IPO.
The IPO opening and closing date will be provided after the DRHP is approved and the company files the RHP with the Registrar.
Aadhar Housing Finance IPO Price, Size, Share Offerings
| Face Value | Rs 10 |
| Price Band | Rs300 to Rs 315 |
| Offer for Sale | Rs.2,000.00 Crore |
| Fresh Issue | Rs.1,000.00 Crore |
| IPO Size | Rs.3,000.00 Crore |
Aadhar Housing IPO Size and Aadhar Housing IPO Price will be updated after the book-building process. The company offers shares in two forms – Fresh Issue and Offer for Sale.
The face value of the equity shares is Rs. 10 each. The issue is a mainboard issue. The proposed equity shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Aadhar Housing Finance IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Trading in Grey Market yet | |||
Grey Market Premium works as a yardstick in the IPO. Investors and experts observe GMP estimate the IPO listing price. The Grey Market is active before the listing. Here, the trading takes place without any agreement.
Aadhar Housing IPO GMP will be available before its listing. Investors analyze the Grey Market activities before placing their bids.
Aadhar Housing Finance IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 8th May | 0.35x | 0.63x | 0.45x | 2.20x | 0.47x |
| 2nd Day – 9th May | 2.15x | 2.04x | 0.99x | 3.80x | 1.56x |
| 3rd Day – 10th May | 76.42x | 17.33x | 2.58x | 6.88x | 26.76x |
| Shares Offered or Net Issue | 19,003,176 | 14,252,381 | 33,255,556 | 239,726 | 95,255,600 |
Aadhar Housing IPO Subscription date is now declared. The company will provide the subscription details and Red Herring Prospectus (RHP).
The issue is being made through the Book Building Process, where not more than 50% of the offer will be reserved for the Qualified Institutional Buyers, about 15% of the offer will be reserved for the Non-Institutional Bidders and for the Retail Individual Bidders, at least 35% of the offer will be reserved.
Aadhar Housing Finance IPO Allotment Status
Aadhar Housing IPO Allotment is now updated. The company is waiting for SEBI approval for its DRHP. The company will intimate the basis of allotment, and its date after the IPO date is determined.
Aadhar Housing Finance IPO Live Performance
Looking for Aadhar Housing IPO Performance, we have made it easy. You can check the latest Aadhar Housing IPO Price from here.
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Aadhar Housing Finance – Company Review
Aadhar Housing Finance Limited came into existence in November 1990 as Vysya Bank Housing Finance Limited. After more than a decade, the company changed its name to DHFL Vysya Housing Finance Limited in 2003.
Aadhar Housing Finance Private Limited was incorporated in 2010 and was later amalgamated with DHFL Vysya Housing Finance Limited in 2017.
Aadhar Housing Finance Limited is a housing finance company, and it offers finance products at affordable rates to millions who dream of a house. It has offered its services to many people in low-income sections.
Products or Services
The product range of Aadhar Housing Finance is really wide. It can cater to every type of housing finance requirement. Over the decades of its presence, it has provided loans in the affordable housing segment.
Some of its loans include Home Loan, Loans for Plot Purchase and Construction, Home Improvement Loans, Home Extension Loan, Loan against Residential Commercial Property (LAP), Loan For Purchase Of Non-Residential Property, Home Construction Loan, Covid 19 Warriors Griha Loan, Aadhar Gram Unnati and other plans that can assist people in having their dream house.
Along with this, the entity also helps with other facilities that make the entire process very smooth.
Promoters and Holding
The Promoter of Aadhar Housing Finance Limited is BCP TOPCO VII PTE. LTD.
The management of the company comprises:
- Om Prakash Bhatt in the position of Non-Executive Chairman and Independent Director
- Deo Shankar Tripathi in the position of Managing Director and Chief Executive Officer
- Nivedita Haran, in the position of Independent Director
- Sharmila Karve, in the position of Independent Director
- Amit Dixit in the position of Non–Executive (Nominee) Director
- Mukesh Mehta in the position of Non–Executive (Nominee) Director
- Neeraj Mohan in the position of Non–Executive (Nominee) Director
- Rajesh Viswanathan, in the position of Chief Financial Officer
- Rishi Anand, in the position of Chief Business Officer
- Ravinder Singh Beniwal in the position of Chief Operating Officer
- Anmol Gupta, in the position of Chief Treasury Officer
- Hrishikesh Jha, in the position of Chief Human Resource Officer
- Nirav Shah, in the position of Chief Risk Officer
- Sreekanth V.N. in the position of Company Secretary and Compliance Officer
Is Aadhar Housing Finance Good for Investment?
Aadhar Housing Finance Ltd has a strong geographical reach. It has about 292 branches in 20 states and union territories and has a wide operational scope. Its customer base is spread across urban, semi-urban, and rural areas.
Aadhar Housing Finance IPO is a combination of fresh issues and offers for sale, and the promoter of the company itself is offering partial shares for sale.
The company’s balance sheet is strong and reflects its current standings in the market.
Aadhar Housing Finance Financial Statements
| Amount (in INR & Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 1,42,111.1 | 1,30,116.0 | 1,36,303.3 | 1,23,664.3 | 94,800.2 |
| Revenue | 12,764.1 | 11,626.2 | 15,755.5 | 13,884.6 | 12,656.3 |
| Expense | 8,565.9 | 8,485.9 | 11,430.4 | 11,575.5 | 10,168.5 |
| Profit After Tax | 3,296.0 | 2,470.4 | 3,401.3 | 1,893.8 | 1,618.8 |
Aadhar Housing Finance Limited has a strong standing in the market. The company has delivered expanding earnings over the years.
It made a total revenue of 12,656.3 million in 2018-19 and subsequently 13,884.6 million and 15,755.5 million in 2020 and 2021, respectively.
The profits for 2019, 2020, and 2021 were – 2,349.2 million, 2,309.1 million, and 4,325.1 million.
The company has also stated the financial records for the financial year 2021-22 in the DRHP. In the nine months, the company had a total income of 12,764.1 million, and its profit stood at 4,198.2 million.
The company has a fluctuating EPS, which has risen as well as gone down in the past few years. As of 31st December 2021, the company’s EPS (Earning Per Share) was Rs. 8.35.
| Earnings per Equity Share (in Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic | 8.35 | 6.26 | 8.62 | 5.86 | 6.44 |
| Diluted | 8.1 | 6.08 | 8.37 | 5.83 | 6.39 |
Aadhar Housing Finance IPO Review
Aadhar Housing Finance Ltd has emerged as a preferred choice for many people regarding financing services. Its services are efficient and affordable.
It offers loans to purchase and construct a residential property or commercial property. Provides home improvement loans, home extension loans, loans for plot purchase, and other facilities.
With the IPO, the company will execute the Offer for Sale offered by BCP Topco VII Pte. Ltd. and issue new shares. The proceedings of the fresh issue will be utilized towards funding future capital requirements.
Aadhar Housing Finance IPO Details
Here are few more details you need to know before investing in Aadhar Housing Finance IPO –
Aadhar Housing Finance IPO Issue Object
The Aadhar Housing Finance has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding organic growth initiatives
- Expanding Network Structures
- Building scales in existing business lines and developing new adjacent business lines
- Upgrading Logistics Operating System
- And for other corporate purposes
Aadhar Housing Finance IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Rapid growth, extensive scale, and improvement in unit economics
- Their proprietary logistics operating system
- Vast data intelligence capabilities
- Their network design and engineering
- Their integrated portfolio of logistics services
- Strong relationships with a diverse customer base
- Extensive ecosystem of partners, enabling an asset-light business model and extended reach
- Highly qualified professional team
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | -8.05 | -14.66 | 54.79 |
| 31-Mar-20 | -5.22 | -8.48 | – |
| Mar-19 | -47.22 | -52.63 | – |
Aadhar Housing Finance IPO Lead Managers
Here are the list of Lead managers –
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- Nomura Financial Advisory and Securities (India) Private Limited
- SBI Capital Markets Limited
Aadhar Housing Finance IPO Registrar to offer
Check out the details of registrar here –
KFin Technologies Limited (formerly
known as KFin Technologies Private Limited)
Selenium Tower-B, Plot 31& 32,
Financial District Nanakramguda, Serilingampally
Hyderabad Rangareddi 500 032 Telangana, India
Tel: +91 40 6716 2222
E-mail: ahfl.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: www.kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221
Aadhar Housing Finance IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP,
- Legal Counsel to the Company –
- Bankers to the Company –
Aadhar Housing Finance IPO Verdict by Stock Brokers
There are no reviews regarding the Aadhar Housing IPO up to now. We will update you when there are any stockbroker reviews.
Aadhar Housing Finance IPO – Conclusion
Housing Finance can be an interesting market segment to bet money on. Aadhar Housing Finance has been in the business for decades and is well-versed with the requirements of its customers.
The investment in the Aadhar Housing IPO can lead to profitable results over the years. And it might turn out as a safe investment.
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Aadhar Housing Finance IPO Review FAQs
Check out the FAQs on Aadhar Housing Finance IPO –
What is the Issue Size of Aadhar Housing Finance IPO?
The Company is making an initial public offer of 95,238,095 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of the Aadhar Housing Finance IPO?
The price band for this particular IPO ranges between Rs 300 to Rs 315. As far as the face value of the share is concerned, it is Rs.10 per share.
What is the Aadhar Housing Finance IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 8, 2024, while the closing date is set at May 10, 2024.
What is the Aadhar Housing Finance IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 13, 2024, refund initiation is on May 14, 2024, credit of shares is on May 14, 2024, and the share listing date is on May 15, 2024.
What is the Aadhar Housing Finance IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 15, 2024. The date, when the listing would be done, is stagnant on May 15, 2024.
Who is the Registrar of Aadhar Housing Finance IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Aadhar Housing Finance IPO?
Here are the promoters of this IPO – BCP TOPCO VII PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Aadhar Housing Finance IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Aadhar Housing Finance IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Aadhar Housing Finance Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 3,401.3, 2020 is 1,893.8, 2019 is 1,618.8. PAT from Dec 2021 is 3,296.0.
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