Aadhar Housing Finance Limited IPO Opens On May 08. Check IPO Details Issue Date Price.


Aadhar Housing Finance Limited IPO Opens On May 08. Check IPO Details Issue Date Price.

May 07, 2024
Aadhar Housing Finance Limited IPO Opens On May 08. Check IPO Details Issue Date Price.

Aadhar Housing Finance Limited is coming out with a public issue to raise Rs 3000 crores from the market.

Below are the details of the Aadhar Housing Finance Limited IPO:

  • Issue opens – May 08 (Wednesday)
  • Issue closes – May 10 (Friday)
  • Issue size – Rs 3000 crores
  • Price band – Rs 300 to 315 per equity share
  • Bid lot – 47 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • Aadhar Housing Finance Limited are a retail-focused HFC focused on the low income housing segment, serving economically weaker and low-to-middle income customers, who require small ticket mortgage loans. The average ticket size of their loans was Rs. 0.9 million and Rs. 1.0 million with an average loan-to-value of 57.7% and 58.3%, as of December 31, 2022 and December 31, 2023, respectively. They offer a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property construction and acquisition. Their financial performance has remained consistent and resilient through various external events in the Indian economy.
  • They have made social objectives one of the core objectives of their business model. They operate a financially inclusive, customer centric lending business and believe that their business model contributes significantly to the economic uplift of their target customers by contributing to an improvement in their standard of living. In addition to their customer-facing social objectives, they have also implemented social objectives in aspects of their business. Their presence in urban and semi-urban locations across India provides a source of employment in these locations.
  • They have an extensive network of 487 branches* including 109 sales offices, as of December 31, 2023. Their branches and sales offices spread across 20 states and union territories, operating in approximately 10,926 pin codes across India, as of December 31, 2023. Their branch and sales office network is widely dispersed with no state accounting for more than 14.0% in terms of Gross AUM as of December 31, 2023. They believe that their diversified reach is well positioned to meet the specific needs of their target customers across geographies, in urban and semi-urban areas. Further, as a result of their geographical spread, the top five states and union territories in terms of contribution to AUM collectively accounted for 62.0% of their AUM as of March 2023, and according to CRISIL, their cumulative share of the top 5 states in terms of AUM is much lower than other players in the peer set as of March 2023.

Issue Size: Rs. 3000 crores

Employee Reservation:Equity Shares aggregating up to Rs.7/- crs

Employee Discount: Rs. 23 Per Share

Issue break-up:

  • QIB – 50% of the net offer – Rs 1496.50 crores
  • NIB – 15% of the net offer – Rs 448.95 crores
  • RET – 35% of the net offer – Rs 1047.55 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, May 10, 2024

Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

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