About Company’s Business:
According to CRISIL, the company is identified as a housing finance entity with a focus on the low-income housing sector (with ticket sizes less than â‚ą1.5 million) in India. It was noted to have had the highest asset under management and net worth among its peer group during FY2021, FY2022, FY2023, and the nine months ending December 31, 2022, and December 31, 2023. The company offers a variety of mortgage-related loan products. As of December 31, 2023, it maintains a substantial network comprising 487 branches, including 109 sales offices. These branches, sales offices, as well as regional and corporate offices, including the Registered Office and Corporate Office, are situated on leased or licensed premises.
About the Industry:
As of December 2023, the housing finance market’s total size, concentrating on low-income housing loans in India, stood at approximately ₹4.4 trillion, representing approximately 14% of the entire housing finance market, according to CIBIL data. CRISIL MI&A anticipates a gradual increase in industry activity, with outstanding loans in the low-income housing segment of housing finance expected to reach ₹5.4-5.7 trillion by March 2026. This projection translates to an 8-10% Compound Annual Growth Rate (CAGR) between Fiscal Years 2023 and 2026.
Key Financial Information (â‚ą in lakhs):
| Particulars | As at and for the Financial Year ended March 31, 2021 | As at and for the Financial Year ended March 31, 2022 | As at and for the Financial Year ended March 31, 2023 | As at and for the nine months ended December 31, 2022 | As at and for the nine months ended December 31, 2023 |
|---|---|---|---|---|---|
| Equity Share capital | 3,947.6 | 3,947.6 | 3,947.6 | 3,947.6 | 3,947.6 |
| Net worth | 26,927.6 | 31,466.3 | 36,976.0 | 35,556.8 | 42,491.0 |
| Total income | 15,755.5 | 17,285.6 | 20,435.2 | 14,882.1 | 18,951.7 |
| Profit after tax for the period/year | 3,401.3 | 4,448.5 | 5,447.6 | 4,040.6 | 5,478.8 |
| Basic and diluted earnings per Equity Share - Basic | 8.6 | 11.3 | 13.8 | 10.2* | 13.9* |
| - Diluted | 8.4 | 10.9 | 13.4 | 9.9* | 13.5* |
| Net asset value per Equity Share (basic) | 68.2 | 79.7 | 93.7 | 90.1* | 107.6* |
| Net asset value per Equity Share (diluted) | 66.1 | 77.1 | 90.9 | 87.3* | 104.2* |
| Total borrowings | 103,744.7 | 106,745.9 | 121,534.5 | 117,154.7 | 131,275.9 |
Objective of the Issue:
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To meet future capital requirements towards onward lending
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, May 8, 2024 |
| Close Date | Friday, May 10, 2024 |
| Issue Size | â‚ą3,000.00 Crores |
| Price | â‚ą300 to â‚ą315 per share |
| Lot Size | 47 Shares |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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