Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment.
The deep impact branches' sales offices aim to serve customers in India's tier 4 and tier 5 towns.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans.
The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension.
As of September 30, 2023, the company has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India.
As of September 30th, 2023, the company has 3,695 employees. Its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), has 1,851 employees.
The company has served 246,983 customers nationwide through 471 branches and offices.
| Purpose | Amount (₹ Cr) |
|---|---|
| To meet future capital requirements towards onward lending; and | — |
| General corporate purposes. | — |
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Total Assets | 18,036 | 16,618 | 14,376 |
| Revenue | 1,895 | 2,044 | 1,729 |
| PAT | 548 | 545 | 446 |
| Net Worth | 4,249 | 3,698 | 3,147 |
| Total Borrowing | 13,128 | 12,153 | 10,675 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 47,507,935 (50%) | — |
| NII / HNI | — | 14,252,381 (15%) | — |
| Retail (RII) | — | 33,255,556 (35%) | — |
| Employee | — | 239,726 (0%) | — |
| Total | — | 95,255,598 (100%) | — |
* Amount calculated at upper price band (₹315) · ** Total includes all investor categories
- 1 Initiation of Refund 14 May 2024
- 2 Credit of Shares to Demat 14 May 2024
- 3 Lock-in Period (30%) June 12, 2024
- 4 Lock-in Period (50%) August 11, 2024
- Retail allocation is good at 35% of the total offering.
- HNI/NII demand is good at 15%.
- Institutional (QIB) interest is strong at 50%.
- The IPO P/E of 18x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹14 compares to post-issue EPS of ₹17 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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