Aadhar Housing Finance, supported by Blackstone, is going public with an IPO valued at Rs 3,000 crore. You can buy shares starting May 8, with each share priced between Rs 300 and Rs 315. The subscription period runs from May 8 to May 10.
Here are key things you need to know about IPO:
Company Profile: Established in 1990, Aadhar Housing Finance Ltd specialises in offering loans for affordable housing. By FY20, it led the sector with the largest customer base and the highest loan disbursal rate. Their loan options span buying/building homes, home improvements, extensions, and even commercial property. With 292 branches across 20 states and union territories, they cater to customers in urban, semi-urban, and rural regions across India.
Issue size: In the Aadhar Housing Finance IPO, there are 3.17 crore new shares worth Rs.1,000 crore and 6.35 crore existing shares worth Rs.2,000 crore for sale. Each lot for the IPO consists of 47 shares, requiring retail investors to invest a minimum of Rs 14,805.
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Company’s financials: In the financial year 2022-2023, Aadhar Housing Finance made a profit of Rs 545.34 crore from a revenue of Rs 2,043.52 crore. This is an increase from the previous year, where the profit was Rs 446.20 crore with revenue of Rs 1,728.56 crore.
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Purpose: In the Aadhar Housing Finance IPO, BCP Topco, an early investor, will sell some of its shares to reduce its stake. The money raised from the new shares will be used to strengthen the company’s Tier-1 capital.
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Fund Managers: ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory And Securities (India), and SBI Capital Markets are the main managers overseeing the Aadhar Housing Finance IPO. Kfin Technologies Limited is the registrar handling the IPO process.
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Disclaimer: The above content is for informational purposes only. Please consult a SEBI-registered investor advisor before investing in mutual funds.
