I: About Company
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower-income segment.
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.
Apart from plain vanilla loans, Aadhar Housing Finance Ltd also offers top-up loans, business loans, funding for low-income groups, balance transfer facilities, etc. Its total AUM as of date stands at ₹18,885 crore, and the company has a team of nearly 3,700 employees to service these customers. Apart from home construction loans, Aadhar Housing Finance Ltd also offers loan against property (LAP), commercial property loans, loans for plot purchase, etc. Some of the specific benefits that Aadhar Housing Finance Ltd brings to the table are home loans without income proof, loan tenures of up to 30 years, eligibility as low as ₹10,000 monthly income, fast/transparent loan procedure, affordable EMIs and the concomitant tax benefits under Section 80C of the Income Tax Act.
II: Financial Information
III: IPO Timeline
| IPO Date | 8 May 2024 to May 10 2024 |
| Listing date | 15 May 2024 |
| Face value | 10 |
| Price Band | ₹ 300 to ₹ 315 |
| Lot Size | 47 Share |
| Total issue Share | 95,238,095 Share (aggregating 3000 cr) |
| Fresh Issue | 31,746,032 (aggregating 1000 cr) |
| Offer for Sale (OFS) | 63,942,063 (aggregating 2000 cr) |
V: IPO Reservation
VI: IPO Lot size
