Unlocking Potential: A Deep Dive into Aadhar Housing Finance Ltd's IPO

  •  3 min read
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  • 08 May 2024
Unlocking Potential: A Deep Dive into Aadhar Housing Finance Ltd's IPO

Key Highlights:

  • Aadhar Housing Finance Ltd’s IPO size is Rs 3000 crores
  • The IPO’s lot size is 47, with the price range between Rs 300 to Rs 315
  • The company will get listed on stock exchanges on 15th May

It’s raining initial public offerings (IPOs) for investors. The IPO juggernaut that started last year continues unabated. With the benchmark indices touching new highs, companies across industry verticals are looking to get listed on bourses. Aadhar Housing Financing Ltd is one of several companies all set to launch its IPO. Read on to find out essential details of this IPO.

Aadhar Housing Finance Company is into housing finance catering to the low-income housing segment. It serves economically weaker and low-to-middle-income customers who need small-ticket mortgage loans. The company offers a range of mortgage-related loan products and has 487 branches, including 109 sales offices as of 31st December 2023.

Source: RHP

Aadhar Housing Finance Ltd has launched its IPO on 8th May. The IPO will close on 10th May. The table below highlights other key details of the IPO:

Particulars Key Information
IPO size
Rs 3,000 crores
IPO lot size
Price range
Rs 300 - Rs 315
Minimum investment
Rs 14,805
Face value
Rs 10
IPO issue type
Book building
Listing date
15th May
Listing on

The company plans to utilise the funds obtained to meet:

  • Future capital requirements towards onward lending

  • General corporate purposes

Further, a portion of the proceeds from the fresh issue will be used towards meeting offer expenses.

The financials of Aadhar Housing Finance Ltd are impressive. Below are some of its key financials across different financial years:

Particulars FY 23 FY 22 FY 21
Total income (in crores)
Rs 2043.52
Rs 1728.56
Rs 1575.55
Profit after tax (in crores)
Rs 544.76
Rs 444.85
Rs 340.13
Total assets (in crores)
Rs 16,617.87
Rs 14,375.81
Rs 13,630.33
Return on equity
Diluted earnings per share

Industry Overview

The housing finance market, focusing on low-income housing loans in was around Rs 4.4 trillion as of December 2023. As per CRISIL MI&A, the loans outstanding in housing finance focused on low income housing segment is expected to touch Rs 5.4-5.7 trillion by March 2026, translating into an 8-10% CAGR between fiscals 2023 and 2026.

Source: RHP

Wrapping it up

Before investing in any company’s IPO, you should read its red herring prospectus (RHP), and Aadhar Housing Finance Ltd is no different. Read the prospectus to get an overview of its strengths and risks before subscribing.

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


Aadhar Housing Finance will soon become a listed company after its IPO on 8th May. The company will get listed on the stock exchanges on 15th May.

Aadhar Housing Finance was earlier known as Vysya Bank Housing Finance Limited.

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