Let’s have a detailed review of the company and analytics of the Aadhar Housing Finance IPO release date, IPO offer price, subscription, Aadhar Housing Finance Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, Aadhar Housing IPO promoters and other related things.

Face ValueRs 10
Price BandNA
Listing AtBSE, NSE
Min. Order QuantityNA
Listing Date NA
Offer for SaleRs 58,000 MILLION
Fresh IssueRs 15,000 MILLION
IPO SizeRs 73,000 MILLION
Tick SizeRs.1

Aadhar Housing Finance IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

Aadhar Housing Finance Share Price – Live Performance

Aadhar Housing Finance IPO – Summary

Aadhar Housing Finance IPOThis company is an entirely retail-focused affordable housing finance company, serving economically weaker and low-to-middle income customers, who require small ticket mortgage loans.

They have made social objectives one of the core objectives of their business model. They operate a financially inclusive customer centric lending business and believe that their business model contributes significantly to the economic upliftment of their target customers by contributing to an improvement in their standard of living.

In addition to their customer-facing social objectives, they have also implemented social objectives in other aspects of their business. Their presence in rural and semi urban locations across India provides a source of employment in these locations.

The promoter of the company is BCP TOPCO VII PTE. LTD. The lead managers to the issue are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Nomura Financial Advisory and SBI Capital Markets Limited, and the Registrar to this issue is KFin Technologies Private Limited.


Aadhar Housing Finance IPO Date

The opening and the closing date of IPO of Aadhar Housing Finance Limited is not available yet.


Aadhar Housing Finance Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Aadhar Housing Finance IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

Aadhar Housing Finance IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Aadhar Housing Finance IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]


Aadhar Housing Finance IPO Equity Size

This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.73,000 million.


Aadhar Housing Finance IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.15,000 million,

Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.73,000 million

Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.10 each, aggregating Rs.58,000 million.


Aadhar Housing Finance IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Aadhar Housing Finance Share Price

Aadhar Housing Finance IPO Grey Market Premium

The Aadhar Housing Finance Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Aadhar Housing Finance IPO – Company Overview

They offer a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property construction and acquisition.

Their financial performance has remained consistent and resilient through various external events in the Indian economy.

During these periods, the Indian economy and the banking and finance industry in India were adversely impacted by various events such as demonetization and the introduction and roll out of a nationwide GST; defaults involving large non-bank finance companies; and, most recently, the COVID-19 pandemic.

Aadhar Housing Finance – Network and Growth

They have an extensive network of 292 branches, as of September 30, 2020. Their branches are spread across 20 states and union territories, operating in approximately 12,000 locations across India, as of September 30, 2020.

Their branch network is widely dispersed with no state accounting for more than 16.2% in terms of Gross AUM. They believe that their diversified reach is well positioned to meet the specific needs of their target customers across geographies, in urban, semi-urban and rural areas.


Aadhar Housing Finance IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & millions)
Sep 20Mar 2031-Mar 19Mar 18
Total Assets128,303.8123,664.394,800.278,015.1
Total Revenue7,483.513,884.612,656.38,151.2
Total Expense5,495.811,575.510,168.56,542.9
Profit After Tax1,563.71,893.81,618.81,142.1

Earnings per Equity Share (in Millions)

Sep 20Mar 2031-Mar 19Mar 18
Basic3.96*5.866.445.32
Diluted
3.85*5.836.395.32

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

  • Their Gross AUM increased from Rs. 79,659.2 million in FY2018, to Rs. 100,157.5 million in FY2019 and Rs. 114,316.6 million in FY2020.
  • They are approximately 1.5 times larger than the second largest peer set company based on AUM as on March 31, 2020.
  • The average ticket size of their loans was Rs.0.85 million, with an average loan-to-value of 56.73%, as of September 30, 2020. As of September 30, 2020, 64.83% and 35.17% of their Gross AUM comprised loans to salaried customers and to self-employed customers, respectively.

Aadhar Housing Finance Limited IPO – Promoters

The Promoter of this company is BCP TOPCO VII PTE. LTD

List of Related Parties (Key Managerial Personnel)

  • Deo Shankar Tripathi
  • Rishi Anand
  • Ravinder Singh Beniwal
  • Rajesh Viswanathan
  • Hrishikesh Jha

Aadhar Housing Finance: Competitive Strength

They believe that their position as a leading affordable housing finance company is founded on the following competitive strengths:

  • Largest affordable housing finance company with best-in-class metrics in the fastest growing sub-segment of the Indian mortgage market;
  • Extensive branch network, geographical penetration and sales channels which contribute significantly to loan sourcing and servicing;
  • Robust, comprehensive systems and processes for underwriting, collections and monitoring asset quality;
  • Access to diversified and cost-effective long-term financing with a disciplined approach to asset liability and liquidity management;
  • Social objectives are one of the core components of their business model; and
  • Experienced, cycle-tested and professional management team with strong corporate governance

Aadhar Housing IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to [●] Equity Shares aggregating up to Rs.73,000 million
of which:
Fresh issueUp to [●] Equity Shares aggregating up to Rs.15,000
million
Offer For Sale
Up to [●] Equity Shares aggregating up to Rs.58,000
million
Of which:
Employee Reservation PortionUp to [●] Equity Shares aggregating up to Rs.[●]
million
Net OfferUp to [●] Equity Shares aggregating up to Rs.[●]
million
The Net Offer consists of: 
QIB PortionNot more than [●] Equity Shares
Non-Institutional PortionNot less than [●] Equity Shares
Retail PortionNot less  than [●] Equity Shares
 Equity Shares outstanding prior to the Issue394,754,970 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Aadhar Housing Finance IPO Issue Object

Their Company proposes to utilise the Net Proceeds (as set out below) towards augmenting its capital base to meet their future capital requirements.

In addition, their Company expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, including enhancement of their Company’s brand name and creation of a public market for their Equity Shares in India.


Aadhar Housing Finance IPO – Basis of the 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:

  • Largest affordable housing finance company with best-in-class metrics in the fastest growing sub-segment of the Indian mortgage market
  • Extensive branch network, geographical penetration and sales channels which contribute significantly to loan sourcing and servicing
  • Robust, comprehensive systems and processes for underwriting, collections and monitoring asset quality.
  • Access to diversified and cost-effective long-term financing with a disciplined approach to asset liability and liquidity management.
  • Social objectives are one of the core components of their business model.
  • Experienced, cycle-tested and professional management team with strong corporate governance.

The relevant quantitative factors are:

Basic EPSRONW (%)NAV (Rs.)
31-Mar-205.868.07%59.48
31-Mar-196.4418.85%
31-Mar-185.3215.91%

Aadhar Housing IPO : Competitive Peers

Listed PeersFace Value (Rs.)P/EEPS Basic (Rs.)Return on Net Worth (%)NAV per share (Rs.)
Aadhar Housing Finance Limited*10[●]5.868.0759.48
Listed Peers
Aavas Financiers Limited1061.2x31.8512.66267.86

Aadhar Housing Finance IPO Lead Managers

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 IPO Registrar to offer

Registrar to the Offer
KFin Technologies Private Limited
Selenium Tower-B, Plot 31& 32
Gachibowli, Financial District
Nanakramguda, Serilingampally,
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: ahfl.ipo@kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Website: https://www.kfintech.com/
Contact Person: M. Murali Krishna
SEBI Registration No.: INR000000221

Aadhar Housing IPO – Other Details

  • Statutory Auditor – Deloitte Haskins & Sells LLP, Chaturvedi SK & Fellows
  • Legal Counsel to the Company – Cyril Amarchand Mangaldas, Khaitan & Co
  • Bankers to the Company –  Axis Bank, Bank of Baroda, DCB Bank, DBS Bank India Limited etc.


Aadhar Housing IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Aadhar Housing IPO News

    News 1 – Aadhar Housing Finance Limited IPO DRHP Download


    Aadhar Housing Finance IPO Review FAQs

    Ques – What is the Issue Size of Aadhar Housing Finance IPO?

    Answer – The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band?

    Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Aadhar Housing Finance IPO Open Date?

    Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the IPO Allotment Date?

    Answer – They also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.

    Ques – What is the IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges BSE as well as NSE. Date when the listing would be done is stagnant on NA.

    Ques – Who is the Registrar of this IPO?

    Answer – One of the reputed registrars are managing the issue of this IPO, i.e. KFin Technologies Private Limited. Their website will help you regarding the further information you are on a lookout for.

    Ques – Who is the Promoter of this Company?

    Answer – Here is the promoter of this company – 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.

    Ques – What is GMP of Aadhar Housing Finance IPO?

    Answer – They have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Aadhar Housing Finance IPO good for Investment?

    Answer – This company is indeed one of the many fruitful options to consider, given the title of “India’s largest mortgage providers to low income earners” it holds. With an efficient and extensive operation, this come is all set to grow and has been reported increased AUM per year. Companies with good finance stability are a catch indeed.

    Ques – What is the PAT of this Company?

    Answer – 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 2020 in millions is 1,893.8, 2019 is 1,618.8, 2018 is 1,142.1. PAT from Sep 2020 is 1,563.7.


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