Aadhar Housing Finance Limited: The much talked about IPO is now live

Aadhar Housing Finance Limited’s initial public offering has opened for bid/ offer on May 8, 2024. Through the issuance of new shares at a price of ₹10000 million and an offer for sale of ₹20000 million, by the promoter selling shareholder (BCP Topco VII Pte. Ltd.).

A closer look at Aadhar Housing Finance Limited

Aadhar Housing Finance Limited is an HFC focused on the low income housing segment (ticket size less than ₹1.5 million), targeting primarily first-time home buyers in economically weaker and low to middle income segments. The company has shown an increase in the number of customers year on year.

Key dates and application process

Bid/ Offer opens on: 8th May
Bid/ Offer closes on: 10th May
Finalisation on the basis of allotment with the designated stock exchange:
On or about 13th May
Initiation of refunds if any for Anchor investors: On or about 14th May
Credit of Equity Shares to demat accounts of the allottees: On or about 14th May
Commencement of trading of the Equity Shares on the Stock Exchanges:
On or about 15th May

About Aadhar Housing Finance Limited

Established in 2010, Aadhar Housing Finance has been consistent in its efforts aimed at reaching out to the low income housing segment. Through its network of 487 branches (not including regional offices and corporate offices) and 109 sales offices in 20 states and union territories, the company has attained remarkable growth in terms of its reach and scale. The company operates as a financially inclusive, customer centric lending business and believes that their business model contributes significantly to the economic uplift of the target customers by contributing to an improvement in their standard of living. The loan product suite offered by Aadhar Housing Finance Limited includes loans for residential property purchase and construction, home improvement and extension loans, and loans for commercial property construction and acquisition.

Before you invest

• Think about your investment aims and risk tolerance.
• Research Aadhar Housing Finance Limited's financials and future perspectives.
• Acquire an understanding of IPO fundamentals and their associated risks.

Last words

An engagement in Aadhar Housing Finance's IPO gives the investor a chance to buy shares in the fast-growing affordable real estate segment. Take your time to analyse the company profile as well as the IPO parameters before choosing to invest.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Brokerage will not exceed SEBI prescribed limit.

Source: RHP