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Building Futures: Adhar Housing Finance IPO

Sebencapital

Published
06/05/24
seben capital

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

IV: IPO DETAILS

IPO Date8 May 2024 to May 10 2024
Listing date15 May 2024
Face value10
Price Band₹ 300 to ₹ 315
Lot Size47 Share
Total issue Share95,238,095 Share
(aggregating 3000 cr)
Fresh Issue31,746,032
(aggregating 1000 cr)
Offer for Sale (OFS)63,942,063
(aggregating 2000 cr)

V: IPO Reservation

VI: IPO Lot size


Listing gains

Aadhar Housing Finance listed flat on the NSE today. But the NBFC settled with gains of 4.6%. Shares of the Aadhar Housing Finance Ltd closed 4.6% higher at ₹329.45 apiece on the NSE after getting listed today on the exchanges on Wednesday. The stock listed at the issue price of ₹315

Written by devesh gupta

I am Devesh Gupta, a Junior Analyst at Seben Capital, where I specialize in finance with a focus on market research and data analysis. I support investment decisions by translating complex financial data into actionable insights. My role at Seben Capital allows me to contribute significantly to our investment strategies, leveraging my analytical skills to drive success.

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