Important dates with respect to IPO allotment and listing
IPO Open Date
To be announced
Aadhar Housing Finance Limited's IPO constitutes a fresh issue of up to Rs 15,000 million and an offer for sale of up to Rs 58,000 million, aggregating up to Rs 73,000 million. The company offers a range of mortgage-related loan products, including home purchase, construction, and extension loans.
They are the largest HFC focused on providing mortgage-related loans to the lower-income group in the rural and semi-rural areas. According to the CRISIL report, Aadhar Housing Finance had an AUM 1.5 times their closest competitor on March 31, 2020. Their gross AUM increased from Rs 100,157.5 million in FY2019 to Rs 140,521.9 million as of December 31, 2021.
As of December 31, 2021, Aadhar Housing Finance had 325 branches in 20 states and union territories, with no state accounting for more than 16.2% of gross AUM.
About Aadhar Housing IPO Objectives:
- The proceeds from the fresh issues will augment the company's capital base.
Why should you invest in the Aadhar Housing Finance IPO?
Below are your top 4 reasons:
- Aadhar Housing Finance has stable credit ratings of A1+ and AA- ratings from CRISIL in short and long term loans, respectively.
- The company focuses on semi-urban and rural audiences. They are the largest affordable HFC with an extensive network of 292 branches as of September 30, 2020.
- Aadhar Housing Finance has the highest ALM surplus among peers in a 12-month bucket.
- They have a robust and comprehensive process for underwriting, collection, and monitoring asset quality.
Aadhar Housing Finance Noteworthy Highlights:
- One of India's key players in the fastest-growing sub-segment of affordable housing loans.
- A retail customer-focused business model with a 65% customer base comprising salaried customers.
Aadhar Housing Finance - Financials
|Profit After Tax||3,401.3||1,893.8||1,618.8|
Know before investing
They have deep penetration in the Indian market in the affordable mortgage-related loan segment. Aadhar Housing Finance has the largest customer base among its peers.
They have access to cost-effective long-term financing.
They have an experienced management team with an average experience of 25 years.
An increase in customer delinquencies and RBI mandated moratorium can impact revenue earnings.
Any rise in non-performing assets may result in lowering the company’s profit.
The company is involved in several legal proceedings, and their outcome may impact its performance.
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Aadhar Housing Finance Limited’s Rs 73,000 IPO consists of new issues of Rs 15,000 million and equities on offer worth Rs 58,000 million.
There is no announcement regarding the date of allotment.
Details regarding the lot size of the IPO aren’t announced.
The IPO dates aren’t updated.
Investors should apply for at least one lot.
It usually takes ten working days from the last day of subscription to list the stocks on the exchange.
Investors can visit the register’s website or BSE/NSE website to check IPO allotment status. Keep your application number, DP id, and PAN number available when checking allotment status.
If you are an existing Angel One client, you can check the IPO allotment status by logging in to the customer account.
Listing gain refers to the price difference between the stock’s opening price and the allotment price of the IPO.
There is no guarantee that IPO shares will open with a listing gain. It depends on the market sentiment, demand for the IPO, global factors, and the short-term outlook, among other factors.
Your account isn’t yet debited because the bank initially blocks the fund when you apply for the IPO but don’t release it. The fund will stay in your account and continue to earn interest. They will debit the amount when IPO shares are allotted to you or unblock it on the UPI mandate expiration date.
Yes, you can change the price or the lot size by filling the changing/revising the bid application form available with the application. But it could be a challenge to complete the process within the time given.
No. Investors can submit only one bid against one PAN card at a time.
Kapil Wadhawan founded the Mumbai-based Aadhar Housing Finance Limited in 2010.