Aadhar Housing Finance Ltd
Price Range
₹300 - ₹315
Min. Quantity
47
Closes on
10 May 2024
Min. investment
₹14,805/611 Shares
Aadhar Housing Finance Ltd IPO Timeline
Aadhar Housing Finance Limited was originally incorporated as Vysya Bank Housing Finance Limited' at Bengaluru, Karnataka as a Public Company, pursuant to a Certificate of Incorporation dated November 26, 1990, issued by the Registrar of Companies, Karnataka at Bangalore and commenced operations pursuant to a Certificate for Commencement of Business dated November 27, 1990, issued by the RoC. Subsequently, the name of Company was changed to DHFL Vysya Housing Finance Limited' and a fresh Certificate of Incorporation dated October 15, 2003, was issued by the RoC. Separately, an entity named Aadhar Housing Finance Private Limited' (Pre-merger AHFPL) was incorporated as a Private Limited Company, at Mumbai, Maharashtra dated May 3, 2010, issued by the Registrar of Companies, Maharashtra at Mumbai, which commenced its operations in February 2011. Pre-merger AHFPL later converted into a Public Company and its name was changed to Aadhar Housing Finance Limited', and a fresh Certificate of Incorporation dated September 3, 2013 was issued by the Registrar of Companies, Maharashtra at Mumbai. Pre-merger AHFPL was later merged into the Company pursuant to a Scheme of Amalgamation approved by the National Company Law Tribunal, Bengaluru Bench at Bengaluru, dated October 27, 2017. Pursuant to Scheme of Amalgamation, the Company name was changed to Aadhar Housing Finance Limited' and a fresh Certificate of Incorporation dated December 4, 2017, was issued by the RoC.
| Event | Date |
|---|---|
| Aadhar Housing Finance Ltd IPO Opening Date | 8 May 2024 |
| Aadhar Housing Finance Ltd IPO Closing Date | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation of Refunds | 14 May 2024 |
| Credit of Shares to Demat | 14 May 2024 |
| Aadhar Housing Finance Ltd IPO Listing Date | 15 May 2024 |
Aadhar Housing Finance Ltd IPO Details
| Aadhar Housing Finance Ltd IPO Date | 8 May 2024 to 10 May 2024 |
| Aadhar Housing Finance Ltd IPO Face Value | ₹10 per share |
| Aadhar Housing Finance Ltd IPO Price | ₹300 to ₹315 per share |
| Aadhar Housing Finance Ltd IPO Lot Size | 47 |
| Issue Size | Shares of ₹10 (aggregating up to ₹3,000 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹1000 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹2,000 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 1,99,53,332 of the Net Offer |
| Retail Shares Offered | Not less than 3,49,18,334 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 1,49,65,000 of the Net Offer |
| Company Promoters | BCP Topco VII Pte Ltd |
Aadhar Housing Finance Ltd IPO Lot Size
The Aadhar Housing Finance Ltd IPO lot size is 47 shares. A retail-individual investor can apply for up to 13 lots (611 shares or ₹1,92,465).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 47 | ₹14,805 |
| Maximum | 13 | 611 | ₹1,92,465 |
- Strengths
- Risks
- Opportunities
- HFC focused on the low income housing segment (ticket size less than Rs.1.5 million) in India with the highest AUM and net worth among our analyzed peers in Fiscal 2021, Fiscal 2022, Fiscal 2023 and nine months ended December 31, 2022 and December 31, 2023.
- Seasoned business model with strong resilience through business cycles.
- Extensive branch and sales office 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 our business model.
- Experienced, cycle-tested and professional management team with strong corporate governance.
Company Financials
Aadhar Housing Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 19,085.71 | 2,523.59 | 748.51 |
| 03-2023 | 16,613.15 | 1,994.27 | 544.58 |
| 03-2022 | 14,372.35 | 1,692.66 | 444.65 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To Augmenting its capital base to meet its future capital requirements
Aadhar Housing Finance Ltd IPO Promoter Holding
| Pre Issue Share Holding | 98.72% |
| Post Issue Share Holding | 76.48% |
Aadhar Housing Finance Ltd IPO Subscription Status (Bidding Detail)
The Aadhar Housing Finance Ltd IPO is subscribed 25.49 times on 10 May 2024 05:00:00 PM. The public issue subscribed 2.46 times in the retail category, 72.78 times in the QIB category, and 16.5 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 72.78 | 16.5 | 2.46 | 6.52 | 25.49 |
Aadhar Housing Finance Ltd IPO Prospectus
Aadhar Housing Finance Ltd IPO Listing Date
| Listing Date | 15 May 2024 |
| BSE Script | 544176 |
| NSE Symbol | AADHARHFC |
| Listing In | BSE, NSE |
| ISIN | INE883F01010 |
| IPO Price | ₹315 |
| Face Value | ₹10 |
Company Contact Information
2nd Flr # 3 JVT Towers 8th A-Main Rd Sampangi Rama Nagar,Bengaluru-560027
Phone: +91 22-4168 9900
Email: complianceofficer@aadharhousing.com
Website: https://aadharhousing.com/;
Aadhar Housing Finance Ltd IPO Registrar
Aadhar Housing Finance Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Citigroup Global Markets India Pvt Ltd
- Kotak Mahindra Capital Company Ltd
- Nomura Financial Advisorry & Securities (India) P
- SBI Capital Markets Ltd
FAQ
What is the issue size of Aadhar Housing Finance Ltd IPO?
I have pre-applied for Aadhar Housing Finance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.