Aadhar Housing Finance Limited IPO
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Check IPO Date, Lot Size, Price & Details
Overview of Aadhar Housing Finance Limited IPO
IPO Date
8-May-2024 to 10-May-2024
Face Value
₹10
Price Band
₹300 to ₹315
Lot Size
47 Share
Issue Size
95,238,094 shares (aggregating up to ₹3,000.00 Cr)
Listing At
BSE, NSE
Basis of Allotment
13-May-2024
Initiation of Refunds
14-May-2024
Credit of Shares to Demat
14-May-2024
Listing Date
15-May-2024
Cut off time for UPI Mandate
10-May-2024
Objective of Aadhar Housing Finance Limited IPO
The objective of the offer is to meet future capital requirements regarding onward lending and for general corporate purposes.
About Aadhar Housing Finance Limited IPO
Aadhar Housing Finance is the largest Housing Finance Company focused on low-income housing segment with ticket size less than Rs.15 lakhs in terms of AUM and net worth as on Dec’23. They have 487 branches across 20 states and union territories. The top three states where the bank has operations are Maharashtra, Uttar Pradesh, and Rajasthan. The HFC has live accounts of 2,56,000 as of Dec’23. The range of loan products offered are mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property construction and acquisition. As of Dec’23, the HFC has an AUM of Rs. 19,865 Cr. witnessing a growth of 21% in 9MFY24. The AUM has grown at 17.3% CAGR between FY21 and Dec’23. As on Dec’23, the HFC has GNPA of 1.4% and NNPA of 1%.Aadhar Housing Finance is a Mainboard IPO with a book-built issue of Rs. 3000 crores, with fresh issue of Rs. 1000 Cr. and offer for sale of Rs. 2000 Cr. The IPO will open from 8th May to 10th May 2024, allotment is expected to be done on 13th May 2024, and it will list on BSE and NSE on 15th May 2024. The price band is ₹300 to ₹315 per share, with a minimum lot size of 47 shares, and minimum investment amount of ₹14,805. The book running lead managers are ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and Securities, SBI Capital Markets. Kfin Technologies Limited is the registrar for the issue.
Aadhar Housing Finance Limited IPO Financials
Particulars (in Cr) | 9MFY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Net Profit Annual | 548 | 545 | 444 | 340 |
Interest Earned | 1,673 | 1,776 | 1,538 | 1,427 |
Interest Expended | 725 | 799 | 761 | 816 |
Net Interest Income | 948 | 977 | 777 | 611 |
Operating Expense | 409 | 458 | 338 | 261Cr |
Pre Provisioning Operating Profit | 746 | 770 | 616 | 488 |
Provision And Contingencies | 45 | 49 | 49 | 55 |
Total Asset Annual | 18,036 | 16,618 | 14,376 | 13,630 |
Deposits | 1.7 | 3.1 | 7.9 | 40.5 |
Borrowings | 13,067 | 12,085 | 10,583 | 10,250 |
Advances | 15,909 | 13,851 | 11,960 | 10,613 |
Investments | 471 | 459 | 338 | 497 |
Book Value Per Share | 107.7 | 93.7 | 79.7 | 68.2 |
ROA | 4.2% | 3.6% | 3.2% | 2.6% |
ROE | 18.4 | 16.5 | 15.2 | 13.5 |
NIM | 9% | 8% | 6.9% | 5.8% |
GNPA | 1.4% | 1.2% | 1.5% | 1.1% |
NNPA | 1.0% | 0.8% | 1.1% | 0.7% |
Promoter's Holding
Total Share Capital
-
Offered to Public
-
Promoter’s Holding(Pre-Issue)
98.72%
Promoter’s Holding(Post-Issue)
-
The Aadhar Housing Finance IPO opens on May 8, 2024 and closes on May 10, 2024.
The finalization of Basis of Allotment for Aadhar Housing Finance IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024.
The Aadhar Housing Finance IPO listing date is not yet announced. The tentative date of Aadhar Housing Finance IPO listing is Wednesday, May 15, 2024.
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