IPO Details

Bidding Dates

08 May '24 - 10 May '24

Minimum Investment

₹14,805 / 1 Lots ( 47 Shares )

Price Range

₹300 - ₹315

Maximum Investment

₹192,465 / 13 Lots ( 611 Shares )

Retail Discount

To be announced

Issue Size

₹3,000.00 Cr

Investor category and sub category

Retail Individual Investors  |   Non-institutional Bidders  |   Qualified Institutional Buyers  |  

Aadhar Housing Finance IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

May 8, 2024

IPO Close Date

May 10, 2024

Basis of Allotment

May 13, 2024

Initiation of Refunds

May 14, 2024

Credit of Shares to Demat

May 14, 2024

Listing Date

May 15, 2024

Cut-off time for UPI mandate confirmation

May 10, 2024

Aadhar Housing Finance IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutional Buyers 0.00
Non-Institutional Buyers 0.09
Retail Investors 0.10
Employees 0.61
Total 0.07

About Aadhar Housing Finance

Aadhar Housing Finance Limited, established in 2010, is a prominent housing finance company in India catering primarily to the lower-income segment. 

Aadhar Housing Finance is a leading provider of mortgage-related loans, specialising in serving the low-income housing segment in India. Their focus on economically weaker and low-to-middle-income customers has earned them recognition, boasting the highest Assets Under Management (AUM) and net worth among peers, according to CRISIL. With a widespread presence across 20 states and union territories, they cater to diverse geographic needs, reducing the concentration risk.

The company operates through a widespread network of 471 branches, including 91 sales offices across 20 states and union territories. With a presence in about 10,926 pin codes, Aadhar Housing Finance targets customers in tier 4 and tier 5 towns, aiming to make financing accessible at the grassroots level. 

As of September 2023, the company employs 3,695 staff, and its subsidiary, Aadhar Sales and Services Private Limited, has an additional 1,851 employees. The firm offers a variety of mortgage-related products for both residential and commercial properties, alongside home improvement and extension loans. 

Additionally, Aadhar Housing Finance has successfully served 246,983 customers nationwide. The company also benefits from its network of 12,221 Aadhar Mitras, which earn referral fees by sourcing customer loans.

Active participation in government initiatives like the PMAY Scheme underscores their dedication to affordable housing, with substantial subsidies for economically weaker segments. As they expand strategically, Aadhar Housing Finance remains a key player in driving housing finance accessibility for rural and semi-rural communities.

Industry Outlook 

  1. Given that 1.52 billion people are estimated to live in India by 2031 and that 37.4% of them will live in cities, Aadhar Housing Finance is well-positioned to meet the country's expanding housing demands. There is a large market potential due to the increase in middle-class families, which is expected to reach 181 million by Fiscal 2030 from 41 million in Fiscal 2012.
  2. Between 2014 and 2021, the percentage of adults with bank accounts increased from 53% to 78%, providing Aadhar Housing Finance with access to a larger consumer base. In comparison to other nations, India's credit penetration rate is still low, suggesting significant potential for expansion. The whole amount of outstanding house loans as of March 2023 was over ₹31.1 trillion, indicating the market's substantial unrealised potential.

Aadhar Housing Finance IPO Details

Aadhar Housing Finance IPO Date

Aadhar Housing Finance IPO is open from May 8, 2024, to May 10, 2024. The IPO will be listed on BSE and NSE.

Aadhar Housing Finance IPO Price Band

Aadhar Housing Finance is a book-built issue IPO. The price band is set at ₹300 to ₹315 per share per share. 

Aadhar Housing Finance IPO Lot Size

The minimum lot size for retail investors of Aadhar Housing Finance IPO is set at 1 lot of 47 shares.

Aadhar Housing Finance IPO Objectives

The company plans to allocate the net proceeds from the issue for the following purposes:

  1. The company proposes to utilise ₹7,500 million of the investment toward meeting future capital requirements for onward lending.
  2. Deploy funds towards general corporate purposes, not exceeding 25% of the Gross Proceeds, as per SEBI ICDR Regulations. This includes strategic initiatives such as expanding distribution network, advancing information technology, meeting operating expenses, and addressing general corporate exigencies and contingencies.

Peer Details

As per DRHP, the company has 4 listed peers, which are mentioned below:

  • Aavas Financiers Limited
  • Aptus Value Housing Finance India Limited
  • Home First Finance Company India Limited
  • India Shelter Finance Corporation

How To Check the Allotment Status of the Aadhar Housing Finance IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Aadhar Housing Finance IPO

Registered office: 2nd floor, No.3, JVT Towers, 8th‘A’, Main Road, Sampangi RamaNagar, Bengaluru 560 027, Karnataka, India

Phone: +91 22 41689900

E-mail: complianceofficer@aadharhousing.com

Aadhar Housing Finance - Financial Performance

Particulars As at December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue(Amount in ₹ Crore) 1,895.17 2,043.52 1,728.56 1,575.55
Profit After Tax (PAT) (in ₹ Crore) 547.88 545.34 446.20 340.46
Cash and Cash Equivalents (in ₹ million) N/A 4,051.4 5,741.7 3,835.0
Return on Net Worth (%) N/A 14.7% 14.1% 12.6 %
Total Borrowing (in ₹ Crore) 13,127.59 12,153.45 10,674.59 10,374.47
EBITDA (₹ in million) N/A 15,365.0 13,418.1 12,596.7

Know before investing


  1. Aadhar Housing Finance is India's leading low-income sector HFC with the highest net worth and AUM among competitors.

  2. The company features a growing gross AUM and an extensive branch network that is well-equipped to meet its target demographic.

  3. It has robust systems for risk management, including credit evaluation and collections, which enhance profitability and asset quality.

  4. Technology-driven solutions facilitate efficient loan processing and accurate credit decisions.

  5. Operating across 20 states and union territories, Aadhar Housing Finance specialises in reaching semi-urban areas with products like Aadhar Gram Unnati, enabling broad market penetration.


  1. Regulatory investigations into former promoters could negatively impact Aadhar Housing Finance and its share value.

  2. Strong promoter control may restrict shareholder influence and delay key decisions, affecting business outcomes.

  3. Reliance on external information could lead to inaccuracies in credit evaluations, increasing NPAs and risking financial stability.

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Aadhar Housing Finance IPO FAQs

What is the Aadhar Housing Finance IPO?

Aadhar Housing Finance is a book-built issue IPO.  The IPO is open from May 8, 2024, to May 10, 2024. The IPO will be listed on BSE and NSE.

When will the Aadhar Housing Finance IPO be allotted?

The Basis of Allotment will happen on May 13, 2024.

When will Aadhar Housing Finance IPO open for subscription?

The IPO subscription window will open on May 8, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot of 47 shares, amounting to ₹14,805.

When will Aadhar Housing Finance list on exchanges?

The listing date for Aadhar Housing Finance is May 15, 2024.

What would be the listing gains on the Aadhar Housing Finance IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Aadhar Housing Finance IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Aadhar Housing Finance IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Aadhar Housing Finance using PAN?

You can submit only one application using your PAN card.

Can I submit more than one application for the public issue of Aadhar Housing Finance using one PAN?

No. Investors can submit only one bid against one PAN card at a time. 

Who is the owner of Aadhar Housing Finance?

Kapil Wadhawan founded the Mumbai-based Aadhar Housing Finance Limited in 2010.