IPO Centre     09-May-24
IPO News
Aadhar Housing Finance IPO subscribed 1.48 times
The offer received bids for 10.35 crore shares as against 7 crore shares on offer.
The initial public offer (IPO) of Aadhar Housing Finance received 10,35,89,316 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 May 2024). The issue was subscribed 1.48 times.

The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed at Rs 300 to 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.

The offer comprises fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.

The objectives of the fresh issue include augmenting the capital base to meet future capital requirements. The company expects to receive the benefits of listing the equity shares on the stock exchanges, including to enhance brand image among existing and potential customers and creation of a public market for equity shares in India.

Ahead of the IPO, Aadhar Housing Finance on Tuesday, 7 May 2024, raised Rs 897.89 crore from anchor investors. The board allotted 2.85 crore shares at Rs 315 each to 61 anchor investors.

Aadhar Housing Finance is a housing finance company (HFC) focused on the low-income housing segment with a ticket size of less than Rs 15 lakh. The average ticket size of loans was Rs 10 lakh, with an average loan-to-value of 58.3% end December 2023. The company has an extensive network of 487 branches, including 109 sales offices in 20 states and union territories end December 2023. The reach of the company extended to 10,926 pin codes across India end December 2023.

Aadhar offers 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.

The firm reported a net profit of Rs 547.88 crore and total income of Rs 1,895.17 crore for the nine months ended on 31 December 2023.

Previous News
  Aadhar Housing Finance standalone net profit rises 26.38% in the June 2023 quarter
 ( Results - Announcements 10-Aug-23   07:44 )
  Aadhar Housing Finance standalone net profit rises 22.30% in the March 2023 quarter
 ( Results - Announcements 17-May-23   07:43 )
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 ( IPO Centre - IPO News 11-May-24   17:07 )
  Aadhar Housing Finance standalone net profit rises 28.34% in the December 2023 quarter
 ( Results - Announcements 10-Feb-24   16:52 )
  Aadhar Housing Finance standalone net profit rises 9.00% in the September 2022 quarter
 ( Results - Announcements 11-Nov-22   08:34 )
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 ( Corporate News - 28-May-24   14:47 )
  Aadhar Housing Finance consolidated net profit rises 43.40% in the March 2024 quarter
 ( Results - Announcements 30-May-24   07:41 )
  Aadhar Housing Finance standalone net profit rises 52.10% in the September 2023 quarter
 ( Results - Announcements 08-Nov-23   11:44 )
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 ( Market Commentary - Stock Alert 15-May-24   08:42 )
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 ( IPO Centre - New Issue Monitor 07-May-24   06:31 )
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