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Aadhar Housing Finance IPO
Aadhar Housing Finance Ltd
₹14,100 /47 sharesMinimum Investment
Aadhar Housing Finance IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 8 May ‘24 - 10 May ‘24 | ₹14,100 | 47 | ₹300 - ₹315 |
| Issue Size | IPO Doc |
|---|---|
| 3000.00Cr | RHP PDF |
Subscription rate
As of 10 May'24, 05:00 PM
| Qualified Institutional Buyers | 72.78x |
| Non-Institutional Investor | 16.46x |
| Retail Individual Investor | 2.35x |
| Employees | 6.31x |
| Total | 25.43x |
About Aadhar Housing Finance
Founded in
1990
Managing director
Mr. Rishi Anand
Parent organisation
Aadhar Housing Finance Ltd
Aadhar Housing Finance Ltd IPO
https://www.youtube.com/watch?v=459Vh6cU4e0
Strengths & Financials of Aadhar Housing Finance
Strengths
Risks
As of December 31, 2023, the company operates a vast network of 487 branches, including 109 sales offices. These locations are spread across 20 states and union territories.
As per the company, it has established a comprehensive framework for credit assessment, risk management, and collections to identify, monitor, and manage the risks inherent in its operations.
The company has tried to maintain diverse sources of fund to allow a more cost-effective long-term financing. The average cost of borrowing was 8.2% in FY 2021, 7.2% in FY 2022 and 7% in FY 2023.
In FY2023, the company’s customer base reached 233,000 accounts and it had more than 255,000 Live Accounts as of December 31, 2023.
The company reported revenue from operations of Rs. 1575.3 cr, Rs. 1728.3 cr and Rs. 2043.2 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 340.1 cr, Rs. 444.8 cr and Rs. 544.8 cr respectively.
The company's former promoters are under ongoing regulatory investigation by enforcement agencies, including the Enforcement Directorate. The outcomes of these investigations could adversely impact the company, the Equity Shares held by its current promoter, BCP Topco, and the market price of the company's Equity Shares.
The company is involved in certain legal proceedings, and any unfavorable outcome in these or other cases could have a negative impact on its business.
The company is exposed to fluctuations in interest rates, and it may experience interest rate and maturity mismatches between its assets and liabilities in the future, potentially leading to liquidity issues.
The company relies on external direct selling agents (DSAs), typically self-employed professionals, and Aadhar Mitras, who are individuals in non-allied industries like hardware store owners, to source a significant portion of its customers. For the nine months ended December 31, 2023, DSAs and Aadhar Mitras accounted for 45.7% and 20.8% of new customer referrals, respectively.
The company assigns a portion of its loan assets through direct assignments and co-lending arrangements with banks and other institutions. If the performance of any pool of receivables assigned to these entities deteriorates or if demand for such loan asset assignments decreases, the company's financial performance and cash flows could be adversely affected.
Aadhar Housing Finance Financials
*All values are in Rs. Cr
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Application Details of Aadhar Housing Finance IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹300 - 315 | Upto ₹2 Lakh |
| Employee | ₹277 - 292 | Upto ₹2 Lakh |
| High Networth Individual | ₹300 - 315 | ₹2 - 5 Lakh |
For Aadhar Housing Finance IPO, eligible investors can apply as Regular & Employee.