IPO Details
Bidding Dates
08 May 24 - 10 May 24
Price Range ₹
300 - 315
Total Equity
₹ 3000.55Cr
Lot Size
47
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
2.46×
Qualified Institutional Buyers
72.78×
Employees
6.52×
Retail Investors
2.46×
Total subscription Rate
25.49×
IPO Timeline
Offer start
08 May 2024
Offer end
10 May 2024
Allotment
13 May 2024
Refund initiation
14 May 2024
Demat transfer
14 May 2024
Listing
15 May 2024
Offer start
08 May 2024
Offer end
10 May 2024
Allotment
13 May 2024
Refund initiation
14 May 2024
Demat transfer
14 May 2024
Listing
15 May 2024
About Company
Established in 2010, Aadhar Housing Finance Limited is a housing finance company focused on catering to the lower income segment. The company operates deep impact branches and sales offices, strategically positioned to reach customers in tier 4 and tier 5 towns across India. As of September 30, 2023, Aadhar Housing Finance has onboarded 12,221 Aadhar Mitras, who receive referral fees for facilitating customer loan applications. Offering a diverse range of mortgage loan products, including options for residential and commercial property purchase, construction, home improvement, and extension, the company aims to meet the varied needs of its clientele. With a vast network comprising 471 branches, including 91 sales offices, spread across 20 states and union territories, Aadhar Housing Finance operates in approximately 10,926 pin codes throughout India. As of September 30, 2023, the company boasts a workforce of 3,695 employees, including those employed in its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), which has 1,851 employees. Having served 246,983 customers nationwide through its extensive network of branches and offices, Aadhar Housing Finance Limited continues to make strides in providing financial solutions to communities across the country.
Year Founded
26-11-1990
Promotor Details
Om Prakash Bhatt
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 98.72 | 76.48 |
| Share Capital | 389683420 | 326191357 |
Offer to Public
9,52,55,598.00 Cr
Project Details
- General corporate purposes - 2023.3cr
- To meet future capital requirements towards onward lending - 7500cr
Objectives
- (i) To meet future capital requirements towards onward lending
- and(ii) General corporate purposes.
Highlights
- Aadhar Housing Finance is positioned as one of the largest affordable housing finance companies in the rapidly expanding sub-segment of the Indian mortgage market, showcasing its strong presence and potential for growth.
- The company boasts an extensive branch network and geographical penetration, coupled with efficient sales channels. This broad reach significantly contributes to loan sourcing and servicing, enhancing its market coverage and customer accessibility.
- Aadhar Housing Finance has established robust and comprehensive systems and processes for underwriting, collections, and asset quality monitoring. This ensures operational efficiency and risk management, contributing to the company's stability and reliability.
- The company has access to diversified and cost-effective long-term financing options. Its disciplined approach to asset liability and liquidity management further strengthens its financial stability and resilience to market fluctuations.
- Aadhar Housing Finance is led by an experienced, cycle-tested, and professional management team known for its strong corporate governance practices. The team's expertise and leadership contribute to the company's strategic direction and sustainable growth.
Challenges
- An increase in customer delinquencies, compounded by the RBI-mandated moratorium, presents a risk of deteriorating asset quality and revenue generation, impacting the company's profitability and liquidity position.
- Vulnerability to interest rate volatility and potential mismatches between assets and liabilities may lead to liquidity issues and financing challenges, affecting the company's ability to meet its obligations and sustain growth.
- Any escalation in non-performing assets (NPAs) within the company's asset under management (AUM) could strain its financial health, erode investor confidence, and necessitate additional provisioning, impacting profitability.
- Downgrades in the company's credit ratings could increase the cost of raising new debt or refinancing existing debt, elevating financing costs and constraining the company's financial flexibility and growth prospects.
- The ongoing COVID-19 pandemic continues to pose challenges, potentially affecting the company's operations, financial performance, and customer behavior, leading to increased uncertainties and risks.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 13,63,005.00 | 39,476.00 | 18,938.00 | 18,938.00 | 4.7993 |
| 2022 | 14,37,553.00 | 39,476.00 | 44,485.00 | 44,485.00 | 11.2689 |
| 2024 | 19,09,267.00 | 39,476.00 | 34,013.00 | 34,013.00 | 8.6161 |
| 2020 | 12,36,626.00 | 3,946.00 | 34,013.00 | 34,013.00 | 8.6161 |
| 2023 | 16,61,761.00 | 39,476.00 | 54,476.00 | 54,476.00 | 13.7998 |
