Aadhar Housing Finance Share Price Live

Aadhar Housing Finance Limited was established in 1990 as Vysya Bank Housing Finance Ltd. A separate entity, Aadhar Housing Finance Ltd (AHFL) was established in 2010 with the equity participation of IFC, and it was merged with Vysya Bank HFL in November 2017. The merged entity was renamed as Aadhar Housing Finance Ltd on 4 December 2017. In June 2019, BCP Topco VII Pte. Limited (which is controlled by a private equity fund managed by the Blackstone Group) completed the acquisition of the stake from existing shareholders and now holds 98.72% in the company. AHFL is one of the largest independent affordable housing finance companies with a wide geographic presence across 20 states and union territories with 312 branches, as on 31 March 2021. AHFL is well-capitalised, with a total CRAR of 44.08% as of 31 March 2021, which is above the RBI's minimum stipulated requirement of 15%. The equity raise of Rs. 1300 Crore in FY20 by the promoter, Blackstone Group, through its private equity funds, strengthened the company's capital position to cover for any asset-side risk and to augment growth. The capital infusion and retention of profits has also resulted in the gearing levels reducing to 3.85 times as at the end of FY21 vis-a-vis 4.10 times as at the end of FY20. The company has proposed an IPO of equity shares for an amount upto Rs. 7300 Crore, of which a primary infusion of Rs. 1500 Crore is expected into the company. The company's asset quality is also comfortable, with the gross NPA and net NPA ratio at 1.21% and 0.81%, respectively, as on 31 March 2021 as against 1.29% and 0.78%, respectively, as on 31 March 2020. AHFL has a comfortable resource profile, with the funding mix comprising Term Loans (62%), NCDs (21%), NHB refinance (16%) and subordinated debt (1%). Over the years, the company has diversified its funding mix, with the proportion of NCDs and NHB refinance increasing from 27% at the end of FY20 to 37% as at the end of FY21. Given its parentage and track record of performance, the company is well-placed in terms of raising funds for its growth. During FY21, the company has raised Rs 1695 Crore of bank loans, Rs 1091 Crore from NHB, Rs.815 Crore of NCDs and commercial paper of Rs 50 Crore. The company has been able to take advantage of the prevailing interest rates and has been able to reduce its incremental cost of borrowings to 6.76% in FY21 from 8.89% in FY20. AHFL is a retail-focused mortgage financier, with 80% of total AUM comprising home loans, as on 31 March 2021. The company had approximately 1.80 lakh live accounts as on 31 March 2021 with an average ticket size of Rs 8.50 lakh. Around 20% of the total AUM comprises retail loans against property (LAP) with an average ticket size of Rs. 7.17 lakhs. The company also has a wide geographical presence across 20 states and union territories. The top two states, viz., Uttar Pradesh and Maharashtra, constitute 31% of the loan book. AHFL had a network of 312 branches as on 31 March 2021 with a total AUM of Rs 13,327 Crore. In June 2019, BCP Topco VII Pte. Ltd., an entity controlled by private equity funds managed by the Blackstone Group, acquired a 98.72% stake in AHFL, held by the erstwhile shareholders. It has already infused Rs 1300 Crore of equity into the company to bring down the gearing and is committed to infusing capital as and when required. With the equity infusion and profit retention, the company's net worth stood at Rs.2693 Crore as on 31 March 2021, with the gearing at 3.85 times. The debt securities of AHFL are listed in the BSE under the debt segment.