Aadhar Housing Finance IPO

Aadhar Housing Finance Ltd

₹14,100 /47 sharesMinimum Investment

Aadhar Housing Finance IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹315.00₹315.00₹0.00 (0.00%)

Aadhar Housing Finance IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
8 May ‘24 - 10 May ‘24₹14,10047₹300 - ₹315
Issue SizeIPO Doc
3000.00Cr
RHP PDF

Subscription rate

As of 10 May'24, 05:00 PM
Qualified Institutional Buyers72.78x
Non-Institutional Investor16.46x
Retail Individual Investor2.35x
Employees6.31x
Total25.43x

About the company

Aadhar Housing Finance Limited is a retail-focused housing finance company catering to the low income housing segment in India. The company serves economically weaker and low-to-middle income customers, who require small ticket mortgage loans. The company offers a range of mortgage-related loan products to meet diverse property needs. Their offerings include loans for residential property purchase and construction, home improvement and extension loans. Additionally, the company also extends its services to the commercial sector, providing loans for commercial property construction and acquisition, ideal for businesses and investors planning to develop or acquire commercial spaces.;
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

Strength and risks

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.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular300 - 315₹2 Lakh
Employee277 - 292₹2 Lakh
High Networth Individual300 - 315₹2 - 5 Lakh
For Aadhar Housing Finance IPO, eligible investors can apply as Regular & Employee.
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