Aadhar Housing Finance Limited IPO

Price
₹300 - ₹315
Lot
47
Subs.
26.76
Expected Listing Earning

Exp. Premium(GMP):
53.20(16.89%)
IPO Details

Open Date: 08-May-2024
Close Date: 10-May-2024
Allotment Date: 03-May-2024
Listing Date: 15-May-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹300-315 Per Equity Share
Issue Size: Total Issue Size 95,238,095 shares (aggregating up to ₹3,000.00 Cr) : Fresh Issue 31,746,032 shares (aggregating up to ₹1,000.00 Cr) : Offer for Sale 63,492,063 shares of ₹10 (aggregating up to ₹2,000.00 Cr)
Market Lot (Min Amount): Retail - ₹14,805 : S-HNI - ₹207,270 : B-HNI - ₹1,006,740
Subscription Details Updated at End of the Day

As on

QIB

Nll

Rll

EMP

Total

Shares Offered/Reserved19,003,17614,252,38133,255,556239,72666,750,839
Day 1 - 05-05-24 
05:00 PM
0.35x0.63x0.45x2.20x0.47x
Day 2 - 09-05-24 
05:00 PM
2.15x2.04x1.00x3.80x1.56x
Day 3 - 10-05-24 
05:00 PM
76.42x17.33x2.58x6.88x26.76x
Total No. of Application:1,636,280 (Approx.)
Retail Subscription on the basis of Apps:2.31x
Valuations

Earning Per Share(EPS)13.81/-
P/E Ratio22.8
RoNW12.9%
Net Asset Value (NAV) - Post Issue:93.70/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Dec,202318,035.571,895.17547.88
31 Mar,202316,617.872,043.52545.34
31 Mar,202214,375.811,728.56446.20
31 Mar,202113,630.331,575.55340.46
Promoter(s)

Pre Issue Share Holding98.72%
Post Issue Share HoldingN/A%
Company Promoter(s)
1. BCP Topco VII Pte. Ltd.
Issue Objective(s)

The Company proposes to utilize the Net Proceeds towards the following:
  1. To meet future capital requirements towards onward lending; and
  2. General corporate purposes.
About Company

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.

Disclaimer

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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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