Aadhar Housing Finance Limited's Initial Public Offering (IPO) Details

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Aadhar Housing Finance Limited's Initial Public Offering (IPO) Details. The Aadhar Housing Finance IPO is a book-built issue of Rs 3,000 crore. The offering includes a fresh issue of 3.17 crore shares worth Rs 1,000 crore and an offer to sell 6.35 crore shares worth Rs 2,000 crore.

The Aadhar Housing Finance IPO bid began on May 8, 2024, and finished on May 10, 2024. The allotment for the Aadhar Housing Finance IPO was finalised on Monday, May 13, 2024. The shares were listed on the BSE and NSE on May 15, 2024.

Aadhar Housing Finance's IPO pricing range is ₹300-315 per share. The minimum lot size for an application is 47 shares. The minimum investment for retail investors is ₹14,805. The minimum lot size investment for sNII is 14 lots (658 shares) for ₹207,270, while for bNII, it is 68 lots (3,196 shares) costing ₹1,006,740.

The issuance includes a reservation of up to 239,726 shares for employees, which are provided at a discount of Rs 23 from the issue price.

The book-running lead managers of the Aadhar Housing Finance IPO include ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and SBI Capital Markets Limited. Kfin Technologies Limited is the registrar for the issue.

Aadhar Housing Finance Limited stock quotes and charts

₹351.15

-9.95 (-2.76%)

• Open: ₹365.00
• High - Low: ₹371.30 - ₹345.20
• Previous Close: ₹361.10
• Total Traded Value: 1,19,70,918
• 52 Weeks High: ₹371.45 (May 17, 2024)
• 52 Weeks Low: ₹293.35 (May 15, 2024)
• Updated: May 17, 2024 4:00 PM

Aadhar Housing Finance's IPO Details

Aadhar Housing Finance's IPO Timeline (Tentative Schedule)

Aadhar Housing Finance IPO opens on May 8, 2024, and closes on May 10, 2024.

Aadhar Housing Finance's IPO Lot Size

Investors may bid for a minimum of 47 shares or multiples thereof. The table below shows the lowest and maximum investment by retail investors and HNIs in terms of shares and amounts.

Aadhar Housing Finance's IPO Reservation

The Aadhar Housing Finance IPO includes 95,255,600 shares. 19,003,176 (19.95%) to QIB; 14,252,381 (14.96%) to NII; 33,255,556 (34.91%) to RII; 239,726 (0.25%) to workers; and 28,504,761 (29.92%) to Anchor investors. 707,565 RIIs will receive a minimum of 47 shares, while 7,220 (sNII) and 14,440 (bNII) will receive at least 658 shares. (In case of oversubscription)

Aadhar Housing Finance IPO Anchor Investor's Details

The Aadhar Housing Finance IPO raises Rs 897.90 crore from anchor investors. Aadhar Housing Finance's IPO anchor bid date is May 7, 2024.

About Aadhar Housing Finance Limited

Aadhar Housing Finance Limited, founded in 2010, is a housing finance company that serves the lower-income group.

The deep impact branches' sales offices strive to serve customers in India's tier 4 and tier 5 cities.

As of September 30, 2023, the company had enrolled 12,221 Aadhar Mitras, who are paid a referral fee for finding consumer loans.

The organization offers a wide range of mortgage lending options for residential and commercial property purchases, building, home improvement, and extension.

As of September 30, 2023, the corporation has a large network of 471 branches, including 91 sales offices. These branches and sales offices are distributed throughout 20 states and union territories, operating in about 10,926 pin codes across India.

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue climbed by 18.22% and profit after tax (PAT) increased by 22.22% during the fiscal years ending on March 31, 2023, and March 31, 2022.

Key Performance Indicator

The market capitalization of Aadhar Housing Finance IPO is Rs 13434.78 crore.

• The Pre-IPO EPS is calculated using the shareholding as of the RHP date and the most recent FY results as of March 31, 2023 (provided in the RHP).
• The Post Issue EPS is derived using the Post Issue ownership and the annualised FY earnings for December 31, 2023, which are accessible in RHP.

Objects of the Issue (Aadhar Housing Finance's IPO objectives)

The Company plans to use the Net Proceeds to fulfil future capital requirements for onward lending and general company purposes.

Aadhar Housing Finance's IPO Review (Apply)

The company is a market leader in its operating segment, low-income housing. Its top and bottom lines have grown steadily over the reporting period. It has a pan-India presence and leads the pack of HFCs on several counts. Based on FY24 annualised earnings, the issue is attractively priced, making it a long-term scrip for portfolios across all investment classes. Investors can apply in full force for medium to long-term profits.

Aadhar Housing Finance's IPO Subscription Status (Bidding Details)

On May 10, 2024, at 6:19:07 PM, the Aadhar Housing Finance IPO received 26.76 subscriptions. The public offering was subscribed to 2.58 times in the retail sector, 76.42 times in the QIB category, and 17.33 times in the NII category.