About the Company:
Aadhar Housing Finance Limited specializes in offering a diverse range of mortgage-related loan products tailored to meet the specific requirements of its target audience. These products encompass loans for residential property purchase and construction, home improvement and extension loans, along with loans for commercial property construction and acquisition.
In the realm of housing finance, where aspirations intersect with affordability, Aadhar Housing Finance Limited shines as a symbol of financial inclusivity. Established in 2010, Aadhar Housing Finance has carved a niche for itself by focusing on the low-income housing segment, typically catering to individuals with property values under Rs. 15 lakh. With a widespread presence across 20 states and union territories in India, the company has steadily risen to prominence as a reliable provider of financial solutions for home ownership.
Objectives of the IPO:
- To secure funding for working capital requirements, thereby ensuring uninterrupted support for its clientele.
- For general corporate purposes, facilitating strategic initiatives and expansion plans.
Summary of Financial Information:
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| Assets | 18,035.57 | 16,617.87 | 14,375.81 | 13,630.33 |
| Revenue | 1,895.17 | 2,043.52 | 1,728.56 | 1,575.55 |
| Profit After Tax | 547.88 | 545.34 | 446.2 | 340.46 |
| Net Worth | 4,249.10 | 3,697.60 | 3,146.63 | 2,692.76 |
| Total Borrowing | 13,127.59 | 12,153.45 | 10,674.59 | 10,374.47 |
Comparison with the Listed Peers:
| Company Name | P/E | P/B | RoE (%) | RoA (%) |
|---|---|---|---|---|
| Aadhar Housing Finance Ltd | 18 | 3 | 17 | 4 |
| Aptus Value Housing Finance India Ltd | 26 | 4 | 16 | 8 |
| Aavas Financiers Ltd | 26 | 3 | 14 | 4 |
| Home First Finance Company India Ltd | 28 | 4 | 14 | 4 |
| India Shelter Finance Corporation Ltd | 40 | 2 | 14 | 4 |
Key details of the IPO:
- IPO Dates: 8 to 10 May, 2024
- Price Band: Rs. 300 to Rs. 315 per share
- Lot Size: 47 shares
- Total Issue size: Rs. 3000 crores (Fresh Issue: Rs. 1000 Cr.)
- Listing Date: 15 May, 2024
- Retail Quota: 35%
- GMP: Rs. 70 ( Only for information purposes)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
