Aadhar Housing Finance Ltd. IPO

Aadhar Housing Finance is a leading housing finance company in India, focused on low-income housing loans. They target economically weaker and low-to-middle-income customers, with an average loan size of ?1 million. Established in 2019, Aadhar Housing Finance have grown to have the highest AUM and net worth among their peers. They operate in 20 states and territories and have a strong social focus, aiming to improve the standard of living for their customers.

RHP
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DRHP
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Open Date

2024-05-08

Close Date

2024-05-10

Company Financials

You can get the following financial statements of Aadhar Housing Finance Ltd. as of now.

The details about the Aadhar Housing Finance Limited IPO is as:

  • The issue size of the IPO is 3000 Cr.
  • The price band for Aadhar Housing Finance Limited IPO is Rs 300 to Rs 315.
  • The shares of Aadhar Housing Finance Limited IPO will list on 15th May 2024.
  • The latest tentative GMP of Aadhar Housing Finance Limited IPO is Rs 70.
  • The shares of Aadhar Housing Finance Limited IPO is subscribed 26.76 Times as of 10th May 2024.

 

Aadhar Housing Finance Limited IPO Valuation

The approx valuation of Aadhar Housing Finance Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 315
Existing Shares (Qty) 39.47 Cr
Fresh Issue 1000 Cr
Market Cap 13,433.05 Cr
EPS (FY23) Rs 13.8
PE Ratio 22.8x
Industry PE 31.9x

 

Aadhar Housing Finance Limited IPO Issue Size

Aadhar Housing Finance Limited IPO issue size is 3000 Cr

Issue Amount
Fresh Issue 1000 Cr
Offer For Sale 2000 Cr

 

Aadhar Housing Finance Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 47 shares and a maximum of 13 lots of 611 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 47 14,805
 Maximum 13 611 1,92,465

 

Aadhar Housing Finance Limited IPO share offer

The shares of Aadhar Housing Finance Limited IPO is subscribed 26.76 Times as of 10th May 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 76.42 Times
Non-Institutional Minimum 15% 17.33 Times
Retail Individual Minimum 35% 2.58 Times
Employee 2,39,726 shares 6.88 Times
Total   26.76 Times

Find below the dates for Aadhar Housing Finance Limited IPO:

Schedule Date
Basis of Allotment 13 May 2024
Refunds 14 May 2024
Credit to Demat Account 14 May 2024
IPO Listing Date 15 May 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Other Income 0.73 0.38 0.05 0.24 0.06
Interest 793.49 815.97 761.2 799.19 986.69
Exceptional Items 0 0 0 -25 0
Profit Before Tax 230.87 432.28 567.1 695.55 959.23
Tax 41.48 92.31 122.45 150.97 210.72
Adjusted EPS (Rs.) 0.48 0.86 1.13 1.38 1.9

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 39.46 394.76 394.76 394.76 394.76
Total Reserves 2307.72 2297.78 2750.63 3300.81 4051.25
Borrowings 9643.3 10374.47 10599.59 12153.45 13959.62
Other N/C liabilities 18.65 17.81 15.31 9.44 2.15
Current liabilities 356.04 542.88 612.06 754.69 677.93
Total Liabilities 12365.17 13627.7 14372.35 16613.15 19085.71
Assets
Net Block 44.27 53.13 55.07 63.32 79.82
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 23.92 24.01 196.33 458.25 457.84
Other N/C Assets 6.52 27.3 26.22 33.95 52.81
Current Assets 3337.18 2861.3 2100.98 2182.99 1556.51
Total Assets 12365.17 13627.7 14372.35 16613.15 19085.71
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 0.02 0.02 0.01
Interest Expended 261.88 277.01 285.18
Operating Expenses 146.92 156.46 166.93
Total Provisions 0 0 0
Profit Before Tax 258.44 257.22 292.52
Tax 56.93 57.14 64.96
Net Profit 201.51 200.08 227.56
Adjusted EPS (RS) 5.1 4.69 5.29

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 75.89 0
Jun 2024 76.48 0
* Figures given above are % of equity capital
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