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Aadhar Housing Company Details
Aadhar Housing is the largest Affordable HFC in India in terms of AUM, as of March 31, 2020. It is approximately 1.5 times larger than the second largest peer set company based on AUM as on March 31, 2020. Compared to its peers, it has the largest customer base as on March 31, 2020 and have the highest disbursement for financial year ended March 31, 2020. Further, as at March 31, 2020, it has the most geographically diversified AUM as well as the highest efficiency in terms of operating expenditure ratios .It is an entirely retail-focused affordable housing finance company, serving economically weaker and low-to-middle income customers, who require small ticket mortgage loans.
The average ticket size of its loans was Rs 0.85 million, with an average loan-to-value of 56.73%, as of September 30, 2020. As of September 30, 2020, 64.83% and 35.17% of its Gross AUM comprised loans to salaried customers and to self-employed customers, respectively.
Aadhar Housing 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 through various external events in the Indian economy. Its Gross AUM increased from Rs.79,659.2 million in FY2018, to Rs 100,157.5 million in FY2019 and Rs 114,316.6 million in FY2020. During these periods, the Indian economy and the banking and finance industry in India were adversely impacted by various events such as demonetization and the introduction and roll out of a nationwide GST; defaults involving large non-bank finance companies; and, most recently, the COVID-19 pandemic.
Aadhar Housing has made social objectives one of the core objectives of its business model. It operates a financially inclusive customer centric lending business and believe that its business model contributes significantly to the economic upliftment of its target customers by contributing to an improvement in their standard of living. In addition to its customer-facing social objectives, it has also implemented social objectives in other aspects of its business. Its presence in rural and semi urban locations across India provides a source of employment in these locations.
Aadhar Housing has an extensive network of 292 branches, as of September 30, 2020.Its branches are spread across 20 states and union territories, operating in approximately 12,000 locations across India, as of September 30, 2020. Its branch network is widely dispersed with no state accounting for more than 16.2% in terms of Gross AUM. It believes that its diversified reach is well positioned to meet the specific needs of its target customers across geographies, in urban, semi-urban and rural areas. Further, as a result of its geographical spread, the top five states in terms of contribution to AUM collectively accounted for 62% of its AUM as of March 31, 2020, which is the lowest concentration level amongst our competitors.
As of September 30, 2020, it had a total of 2,088 employees and its 100% owned subsidiary has a total of 1,326 employees. It has robust and comprehensive systems and processes for underwriting, collections and monitoring asset quality. These systems and processes are also technology enabled across its front office and back office with a view to ultimately digitize the entire life cycle of a loan from origination to closure. Loan applications from salaried-customers go through its centralized processing unit, increasing efficiency while those from self-employed customers, which require close understanding of the customer and their cash flows, are managed regionally.
The strengths of the company:
• Largest affordable housing finance company with best-in-class metrics in the fastest growing sub-segment of the Indian mortgage market;
• Extensive branch network, geographical penetration and sales channels which contribute significantly to loan sourcing and servicing;
• Robust, comprehensive systems and processes for underwriting, collections and monitoring asset quality;
• Access to diversified and cost-effective long-term financing with a disciplined approach to asset liability and liquidity management;
• Social objectives are one of the core components of our business model; and
• Experienced, cycle-tested and professional management team with strong corporate governance.
For more study : www.aadharhousing.com
The promoters of Aadhar Housing
BCP TOPCO VII Pte. Ltd.
Aadhar Housing Finance Limited IPO Main Objects
The Offer comprises the Fresh Issue by our Company and an Offer for Sale by the Promoter Selling Shareholder.
The Company proposes to utilise the Net Proceeds towards augmenting its capital base to meet its future capital requirements
Aadhar Housing IPO Details
IPO Opens on : March 2021
IPO Closes on : March 2021
Issue Type: Book Built Issue IPO
Offer of ? Equity Shares having face value of 10.00 each at a price of [?] per
Equity Share (including a share premium of [?] per Equity share) aggregating [?] lakhs
Fresh Issue Up to ? Equity Shares
Offer for Sale Up to ? Equity Shares
Face Value per share : Rs. 10
Aadhar Housing IPO Price Band Per Equity Share: Rs. ??
Aadhar Housing IPO Lot Size ? Shares
Aadhar Housing Listing will at BSE,NSE
Shares offered to
Anchors ? Shares = INR ? Crs
QIB ? Shares = INR ?Crs
NII ? Shares = INR ?Crs
RII ? Shares = INR ?Crs (Lot size: 10 = ? Forms)
Aadhar Housing IPO Tentative timeTable
Price Band announced
Aadhar Housing IPOAnchor List
Aadhar Housing IPO Opens on
Aadhar Housing IPO Closes on
Aadhar Housing IPO Allotment on
Unblocking of ASBA
Credit to Demat Accounts
Aadhar Housing IPOListing on
Aadhar Housing IPOLtd Financial Details :
Earnings per Share 2017-18 Rs 5.32
Earnings per Share 2018-19 Rs 6.44
Earnings per Share 2019-20 Rs 5.86
Earnings per Share 2020-21,6M Rs 3.96
Book Value of the Share as on 30.9.2020 Rs 63.50
Return on Net Worth: 17-18 15.91 %
Return on Net Worth: 18-19 18.85 %
Return on Net Worth: 19-20 8.07 %
Return on Net Worth: 20-21,6M : 6.24 %
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Equity Shares outstanding prior to the Offer :
Equity Shares outstanding after the Offer :
Aadhar Housing IPO Peer Comparison:
Aavas Financiers @ PE Multiple of 61.2
Aadhar Housing IPO Lead Managers
Citigroup Global Markets
Nomura Financial Advisory and Securities
SBI Capital Markets
Aadhar Housing Registrar to the IPO
KFin Technologies Private Limited
Registered Office of Aadhar Housing Finance Limited
2 nd floor, No. 3, JVT Towers,
8th ‘A’, Main Road,
S.R. Nagar, Bengaluru 560 027,
Company Secretary and Compliance Officer
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