Aadhar Housing Finance IPO

Aadhar Housing Finance Ltd

₹14,100 /47 sharesMinimum Investment

Aadhar Housing Finance IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE₹315.00₹315.00₹0.00 (0.00%)
Aadhar Housing Finance IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
8 May ‘24 - 10 May ‘24₹14,10047₹300 - ₹315
Issue SizeIPO Doc
3000.00CrRHP PDF
Subscription Status As on 10 May '24, 5:00 PMQualified Institutional Buyers
72.78x
Non-Institutional Investor
16.46x
Retail Individual Investor
2.35x
Employees
6.31x
Total
25.43x
About Aadhar Housing FinanceAadhar 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.;
Parent Organisation
Aadhar Housing Finance Ltd
Founded
1990
Managing Director
Mr. Rishi Anand
https://www.youtube.com/watch?v=459Vh6cU4e0
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.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹300 - 315₹2 Lakh
Employee₹277 - 292₹2 Lakh
High Networth Individual₹300 - 315₹2 - 5 Lakh
For Aadhar Housing Finance IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE	₹315.00	₹315.00	₹0.00 (0.00%)

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

Apply as	Price band	Apply upto
Regular	₹300 - 315	₹2 Lakh
Employee	₹277 - 292	₹2 Lakh
High Networth Individual	₹300 - 315	₹2 - 5 Lakh

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