Aadhar Housing Finance is scheduled to hit the market on May 08, 2024 and close on May 10, 2024. Aadhar Housing Finance plans to raise around ₹3,000.00 Cr through an IPO with a sale of up to 95,238,095 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Aadhar Housing Finance, established in 2010, specializes in providing housing finance solutions to the lower income segment in India. The company's extensive network of 471 branches and 91 sales offices, strategically located in tier 4 and tier 5 towns across 20 states and union territories, caters to customers in around 10,926 pin codes. With a team of 3,695 employees, including those from its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), the company has successfully served 246,983 customers through offering a range of mortgage loan products for residential and commercial properties.
As of September 30, 2023, Aadhar Housing Finance has enrolled 12,221 Aadhar Mitras who play a crucial role in sourcing customers' loans and receive referral fees. The company's focus on providing mortgage solutions for property purchase, construction, home improvement, and extension underscores its commitment to meeting the diverse needs of its clientele. Through its dedicated sales offices and branches, Aadhar Housing Finance Limited continues to make a significant impact by supporting individuals and businesses in realizing their property ownership and expansion goals throughout India.
Aadhar Housing Finance IPO Details
Aadhar Housing Finance IPO opens on May 08, 2024, and closes on May 10, 2024. The Listing date for Aadhar Housing Finance IPO is on May 15, 2024. The price band for IPO is ₹300 to ₹315 per share and lot size of 47 Shares.
| IPO Date | May 08, 2024 to May 10, 2024 |
| Listing Date | May 15, 2024 |
| Price | ₹300 to ₹315 per share |
| Lot Size | 47 Shares |
| Issue Size | ₹3,000.00 Cr |
| Face Value | ₹10 per share |
Aadhar Housing Finance IPO Tentative Timetable
Aadhar Housing Finance opening date is May 08, 2024 and close date is May 10, 2024. The IPO allotment date is May 13, 2024. The refund initiation of IPO is on May 14, 2024. The credit of shares in demat account is on May 14, 2024. The listing date is on May 15, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 08, 2024 |
| IPO Closing | May 10, 2024 |
| IPO Allotment Date | May 13, 2024 |
| Refund Initiation | May 14, 2024 |
| Shares Credit to Demat | May 14, 2024 |
| Lisiting Date | May 15, 2024 |
Aadhar Housing Finance IPO Lot Size
Lot Size of this IPO is 47 shares. A retail-individual investor can apply for up to 13 lots (611 shares or ₹192,465).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 47 | ₹14,805 |
| Retail(Maximum) | 13 | 611 | ₹192,465 |
| S-HNI (Minimum) | 14 | 658 | ₹207,270 |
| B-HNI (Minimum) | 68 | 3,196 | ₹1,006,740 |
Aadhar Housing Finance IPO Promoter Holding
| Pre Issue Share Holding | 98.72% |
| Post Issue Share Holding |
Aadhar Housing Finance IPO Review
Aadhar Housing Finance is all set to launch its maiden IPO, making waves in the low-income housing segment. With a Pan India presence boasting 498 branches, AHFL stands out for its consistent financial performance and strong social objectives. The company's focus on economically weaker sections aligns with its core business model, contributing to the upliftment of customers' living standards.
Investors eyeing long-term rewards may find AHFL's IPO intriguing, especially considering its reasonably priced issue based on FY24 earnings. The company's migration to a digital IT infrastructure and robust underwriting processes add to its appeal. With a solid track record and support from Blackstone, AHFL's IPO presents an opportunity for investors seeking exposure to the thriving low-income housing finance sector.
In conclusion, AHFL's IPO seems promising with its strong foothold in the low-income housing market, steady financial growth, and strategic approach towards customer-centric operations. As the company gears up to raise funds for future lending and general corporate purposes, investors can consider AHFL as a potential addition to their investment portfolio for medium to long-term gains. Don't miss out on this opportunity to be part of AHFL's journey towards financial inclusion and sustainable growth.
Aadhar Housing Finance IPO Subscription Status (Bidding Details)
Table not foundAadhar Housing Finance IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Aadhar Housing Finance IPO FAQs
What is Aadhar Housing Finance IPO?
Aadhar Housing Finance is issuing 95,238,095 equity shares with a face value of 10 each, totaling up to ₹3,000.00 Cr. The shares are being offered at a price of ₹300 to ₹315 each, with a minimum order quantity of 47 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Aadhar Housing Finance IPO will open?
Aadhar Housing Finance will open on May 09, 2024 for QIB, NII, and Retail Investors.
When Aadhar Housing Finance IPO will end?
Aadhar Housing Finance will end on May 10, 2024.
What is Aadhar Housing Finance IPO Size?
Aadhar Housing Finance IPO size is ₹3,000.00 Cr.
What is Aadhar Housing Finance IPO Price Band?
Aadhar Housing Finance price band is ₹300 to ₹315 per share.
What is the Aadhar Housing Finance IPO Allotment Date?
Aadhar Housing Finance allotment date is May 13, 2024.
What is the Aadhar Housing Finance IPO Listing Date?
Aadhar Housing Finance listing date is May 15, 2024. The IPO is to be listed on BSE and NSE.
How to Aadhar Housing Finance IPO through Zerodha?
To apply for the IPO “Aadhar Housing Finance” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Aadhar Housing Finance IPO through Upstox?
To apply for the IPO “Aadhar Housing Finance” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Aadhar Housing Finance IPO Allotment Status?
For Aadhar Housing Finance IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Aadhar Housing Finance IPO GMP?
You can check out here: Aadhar Housing Finance IPO GMP