Aadhar Housing Finance IPO
Introduction:
Aadhar Housing Finance Limited offers a range of mortgage-related loan products tailored to the unique needs of its target demographic. These include loans for residential property purchase and construction, home improvement and extension loans, as well as loans for commercial property construction and acquisition.
In the realm of housing finance, where aspirations meet affordability, Aadhar Housing Finance Limited emerges as a beacon of financial inclusion. Established in 2010, Aadhar Housing Finance specializes in catering to the low-income housing segment, where the ticket size is under Rs. 15 lakh. With a robust presence across 20 states and union territories in India, the company has steadily grown to become a trusted name in providing financial solutions for home ownership.
Market Position and Peer Comparison:
In a landscape marked by diversity and competition, Aadhar Housing Finance stands tall among its peers. Peer comparison reveals its competitive edge against companies like Aptus Value Housing Finance India Limited, Aavas Financiers Limited, Home First Finance Company India Limited, and India Shelter Finance Corporation Limited. The company's commitment to serving the underserved segment of the housing market has propelled it to enjoy the highest asset under management and net worth in recent years. Objectives of Aadhar Housing Finance IPO:
The forthcoming Initial Public Offering (IPO) of Aadhar Housing Finance represents a significant milestone in the company's journey. The primary objectives of the IPO are twofold:
To fund the working capital requirements for onward lending, ensuring continued support for its clientele.
For general corporate purposes, enabling strategic initiatives and expansion plans.
Financial Information
Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 18,035.57 | 16,617.87 | 14,375.81 | 13,630.33 |
Revenue | 1,895.17 | 2,043.52 | 1,728.56 | 1,575.55 |
Profit After Tax | 547.88 | 545.34 | 446.20 | 340.46 |
Net Worth | 4,249.10 | 3,697.60 | 3,146.63 | 2,692.76 |
Total Borrowing | 13,127.59 | 12,153.45 | 10,674.59 | 10,374.47 |
(Amount in Crs)
Aadhar Housing Finance – Key IPO Details
IPO Dates: 8 to 10 May, 2024
Price Band : ₹300 to ₹315 per share
Lot Size: 47 shares
Total Issue size: ₹3000 crores
Retail Quota: 35%
GMP: 15% ( For Informational purposes only )
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