₹ 14805 / 47 shares
IPO Details
RHP/DRHPIssue Date
08 May - 10 May'24
Investment/lot
₹ 14805
Price Range
300 - 315
Lot Size
47
IPO Size
₹ 3000.55 Cr
IPO Listing Details
Listing On
15 May'24
Issue Price
315
Listed Price
₹ 315
Retail Gain/Listing Gain
â–²0.00%
IPO Timeline
Aadhar Housing Finance IPO Review | Issue Details | Price Band | Housing Finance
Kotak Securities
•4m 03s
Aadhar Housing Finance Company Background
Aadhar Housing Finance Limited (AHFL) is a well-established housing finance company in India. The company started in 1990 under the name "Vysya Bank Housing Finance Limited" in Bengaluru, Karnataka, and has undergone several name changes since then. The company operates as one of the leading housing finance companies within this sector, offering various products and services for both individuals and corporate entities in different parts of the nation.
In 2003, the company's name was changed to 'DHFL Vysya Housing Finance Limited.' Concurrently, another entity called 'Aadhar Housing Finance Private Limited' (Pre-merger AHFPL) was incorporated in Mumbai, Maharashtra, in 2010. Pre-merger AHFPL commenced operations in February 2011 and converted into a public company, renaming itself as 'Aadhar Housing Finance Limited' in 2013.
Aadhar Housing Finance offers three main product categories. This includes:
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Mortgage-related loan products for residential property purchase and construction
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Home improvement and extension loans
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Loans for commercial property construction and acquisition.
AHFL’s 29-year history, coupled with its competent leadership team and dedication to quality delivery, plays a significant role in growing the country's housing finance industry.
Aadhar Housing Finance Competitive Strengths
An HFC focused on the low income housing segment in India with the highest AUM
The company had the highest AUM and net worth among its peers, as of the six months ended September 30, 2023. The company’s gross AUM increased from Rs. 157,203.8 million to Rs. 188,849.1 million in this period.
Seasoned business model with strong resilience through business cycles
The company’s financial performance has remained consistent and resilient through various external events in the Indian economy, such as demonetisation and the introduction of a nationwide GST, etc. The company’s overall growth, portfolio performance, asset quality and continued profitability during these periods demonstrate the strength of the business.
Extensive sales office network, geographical penetration and sales channels
The company has a pan-India branch and sales office network. Additionally, the company has expanded its branch and sales office network, along with the number of branches (including sales offices) from 310 branches as of March 31, 2021, to 471 branches as of September 30, 2023.
Aadhar Housing Finance Risk Factors
- The company is party to certain legal proceedings and any adverse outcome may adversely affect the business.
- If the company fails to identify, monitor and manage risks, it could have an adverse material effect on the business.
- The company is vulnerable to volatility in interest rates and may face mismatches between assets and liabilities in the future, which may cause liquidity issues.
Key Strategies
- Expand the distribution network to achieve deeper penetration in key states.
- Continue to focus on target customers and grow the customer base.
- Continue to invest in and roll out digital and technology-enabled solutions.
Aadhar Housing Finance Key Financials
Here are the key financials for Aadhar Housing Finance Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•4m 01s
How to apply for an IPO using UPI
Kotak Securities
•01m 19s
Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.
How To Apply for Aadhar Housing Finance Ltd IPO?
Here are the steps to apply for Aadhar Housing Finance Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Aadhar Housing Finance IPO FAQs
When is Aadhar Housing Finance IPO listing date?
Aadhar Housing Finance IPO will list on 2024-05-15.
What is the issue size of Aadhar Housing Finance IPO?
3000.55 is the issue size of Aadhar Housing Finance IPO.
What is the minimum lot size required for Aadhar Housing Finance IPO?
The minimum lot size is 47 shares and the investment required is ₹14805.
What is the price band of the Aadhar Housing Finance IPO?
The price band of Aadhar Housing Finance IPO is ₹300 to ₹315.
Where can I read more about Aadhar Housing Finance business?
You can read more about Aadhar Housing Finance and its IPO from the company’s red herring prospectus (RHP) here.
What is the Aadhar Housing Finance Limited IPO?
The Aadhar Housing Finance Limited IPO has an issue size of Rs. 3,000 crores. The IPO opens for subscription on 8th May 2024 and closes on 10th May 2024.
Who is the Registrar for Aadhar Housing Finance Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
