Aadhar Housing Finance IPO on 8 May

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Table of Contents

• GMP
• Reviews
• Subscription
• Allotment

What is the business of Aadhar Housing Finance IPO?

Aadhar Housing Finance Limited is a HFC focused on the low-income housing segment (ticket size less than Rs.1.5 million) in India and it had the highest AUM and net worth among its analyzed peers in six months ended September 30, 2023. In addition, according to the peer set analyzed by CRISIL, it had the highest number of live accounts in FY2023.
In addition, it has a presence in 20 states and union territories, which is the highest among the peers.
It is a retail-focused HFC focused on the low-income housing segment, serving economically weaker and low-to-middle income customers, who require small ticket mortgage loans. The average ticket size of our loans was Rs. 0.9 million with an average loan-to-value of 57.6% and 58.1%, as of September 30, 2022, and September 30, 2023, respectively.
It offers a range of mortgage-related loan products, including loans for residential property purchase and construction; home improvement and extension loans; and loans for commercial property construction and acquisition. Its financial performance has remained consistent and resilient.

The company has an extensive network of 471 branches including 91 sales offices, as of September 30, 2023. Its branches and sales offices spread across 20 states and union territories, operating in approximately 10,926 pin codes across India, as of September 30, 2023. Its branch and sales office network is widely dispersed with no state accounting for more than 14.0% in terms of Gross AUM as of September 30, 2023. It believes that its diversified reach is well positioned to meet the specific needs of its target customers across geographies, in urban and semi-urban areas. Further, as a result of its geographical spread, the top five states and union territories in terms of contribution to AUM collectively accounted for 62.0% of our AUM as of March 2023, and according to CRISIL, its cumulative share of the top 5 states in terms of AUM is much lower than other players in the peer set as of March 2023.

As of September 30, 2023, it has a total of 3,695 employees and Aadhar Sales and Services Private Limited (“ASSPL”), its 100% owned subsidiary has a total of 1,851 employees. ASSPL provides manpower services, arranges loans, deals in properties and other financial instruments and provides various other financial services.

For more information, click https://aadharhousing.com/

Aadhar Housing Finance IPO GMP, Particulars & Guidance

Aadhar Housing Finance IPO Guidance* by Paresh Gordhandas, CA & Research Analyst.
Aadhar Housing Finance Limited is a HFC focused on the low-income housing segment (ticket size less than Rs.1.5 million) in India and it had the highest AUM and net worth among its analyzed peers in six months ended September 30, 2023. In addition, according to the peer set analyzed by CRISIL, it had the highest number of live accounts in FY2023.
In addition, it has a presence in 20 states and union territories, which is the highest among the peers.
Size: Net size of the IPO( after deducting anchor portion is somewhat large and yet due to bullish sentiment of the capital market, oversubscription will not be any issue. With just 706565 applications, retail portion can get one time subscribed.
Financials: ?
Strategy seen in the grey market: ?
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Aadhar Housing Finance IPO GMP

Aadhar Housing Finance IPO GMP today details

Aadhar Housing FinanceIPO GMP today, Details, Guidance, Subscription Status, allotment

Aadhar Housing Finance IPO Anchor Investors Details