Upcoming IPO - Aadhar Housing Finance Limited

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 ₹1.5 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 (₹ 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:

  1. To meet future capital requirements towards onward lending

  2. 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 ₹3,000.00 Crores
Price ₹300 to ₹315 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.

Quick Apply for the IPO here!

Do let us know your thoughts on this IPO.

1 Like

My family member account got alloted shares of Aadhar Housing.

I want to sell them today.

Shares are showing in CDSL EASI platform.

But shares are not showing in my DHAN portfolio.

How much time does it take for shares to appear on DHAN?

Please inform.

Thank you

Hi @amish

We request you to please drop an email at help@dhan.co from his/her registered mail ID so that we can check it.

It appeared now.

Is there delay in shares shown at CDSL and shares shown at Dhan Portfolio?

@amish

Generally, it will be visible before the market opens on the listing day around 9:00 am.