Aadhar Housing Finance IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the Aadhar Housing Finance IPO is expected to be finalized on Monday, May 13, 2024. Aadhar Housing Finance IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.
IPO Size: 95,238,095 shares (3,000.00 Cr) Fresh Issue: 31,745,032 shares (999.97 Cr) Offer for Sale (OFS): 63,492,063 shares (2,000.00 Cr) Subscription Dates: May 8, 2024 to May 10, 2024 Expected Allotment: Monday, May 13, 2024 Listing Date (Tentative): May 15, 2024 Price Band: ₹300 to ₹315 per share Retail Investors: ₹.14,805 (47 shares) Small HNI : ₹.207,270(14 lots, 658 shares) Big HNI : ₹.1,006,740(68 lots, 3196 shares)
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | May 15, 2024 |
| Face Value | ₹10 per share per share |
| Price Band | ₹300 to ₹315 per share |
| Lot Size | 47 Shares |
| Total Issue Size | 95,238,095 shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | 31,745,032 (aggregating up to ₹999.97 Cr) |
| Offer for Sale | 63,492,063 shares of ₹10 per share (aggregating up to ₹2,000.00 Cr) |
| Employee Discount | ₹23 per share per share |
| Share holding pre issue | 394,754,970 |
| Share holding post issue | 426,501,002 |
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 28,495,238 (29.92%) |
| QIB Shares Offered | 19,000,000 (19.95%) |
| NII (HNI) Shares Offered | 14,247,619 (14.96%) |
| bNII > Rs.10L | 9,495,238 (9.97%) |
| sNII < Rs.10L | 4,752,381 (4.99%) |
| Retail Shares Offered | 33,247,619 (34.91%) |
| Employees Shares Offered | 238,095 (.25%) |
| Total Shares Offered | 95,238,095 (100%) |
The Aadhar Housing Finance Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).
| Investor Category | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* | Subscription (times) |
|---|---|---|---|---|
| Qualified Institutions | 19,000,000 | |||
| Non-Institutional Buyers | 14,247,619 | |||
| bNII (bids above ₹10L) | 9,495,238 | |||
| sNII (bids below ₹10L) | 4,752,381 | |||
| Retail Investors | 33,247,619 | |||
| Employees | 238,095 | |||
| Others | ||||
| Total** | 66,733,333 | 0 | 0.00 | 0.00 |
Aadhar Housing Finance Limited IPO raises ₹ 897.90 crore from anchor investors. Aadhar Housing Finance Limited IPO Anchor bid date is May 7, 2024. Aadhar Housing Finance Limited IPO Anchor Investors list
| Bid Date | May 7, 2024 |
| Shares Offered | 28504761 |
| Anchor Portion Size (In Cr.) | 897.90 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 11, 2024 |
Aadhar Housing Finance Limited IPO opens on May 8, 2024 and closes on May 10, 2024.
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment* | Monday, May 13, 2024 |
| Initiation of Refunds* | Tuesday, May 14, 2024 |
| Credit of Shares to Demat* | Tuesday, May 14, 2024 |
| Listing Date* | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 05:00 pm, May 10, 2024 |
Investors can bid for a minimum of 47 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹ 14,805 |
| Retail (Max) | 13 | 611 | ₹ 192,465 |
| S-HNI (Min) | 14 | 658 | ₹ 207,270 |
| S-HNI (Max) | 67 | 3149 | ₹ 991,935 |
| B-HNI (Min) | 68 | 3196 | ₹ 1,006,740 |
The promoters of the company are BCP Topco VII Pte. Ltd. is the promoter of the Company.
| Share Holding Pre Issue | 98.74% |
| Share Holding Post Issue | 76.48% |
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment.
The deep impact branches' sales offices aim to serve customers in India's tier 4 and tier 5 towns.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans.
The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension.
As of September 30, 2023, the company has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India.
As of September 30th, 2023, the company has 3,695 employees. Its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), has 1,851 employees.
The company has served 246,983 customers nationwide through 471 branches and offices.
The Company proposes to utilize the Net Proceeds towards the following:
Aadhar Housing Finance Limited
2nd floor, No. 3, JVT Towers,
8th‘A’, Main Road, Sampangi Rama Nagar,
Bengaluru-560027
Phone: +91 22 41689900
Email: complianceofficer@aadharhousing.com
Website: https://aadharhousing.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: ahfl.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
| Listing Date | May 15, 2024 |
| BSE Script Code | 544176 |
| NSE Symbol | AADHARHFC |
| ISIN | INE883F01010 |
| Final Issue Price | ₹ 315 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 315 | ₹ 315 |
| Open | ₹ 315 | ₹ 314.30 |
| Low | ₹ 292 | ₹ 293.35 |
| High | ₹ 343.70 | ₹ 343.20 |
| Close Price | ₹ 329.45 | ₹ 329.55 |
Aadhar Housing Finance Limited IPO is a main-board IPO of 95,238,095 equity shares of the face value of ₹ 10 per share aggregating up to ₹ 1000 Crores. The issue is priced at ₹300 to ₹315 per share. The minimum order quantity is 47 Shares.
The Aadhar Housing Finance Limited IPO opens on May 8, 2024 and closes on May 10, 2024.
Retail Investors: ₹.14,805 (47 shares) Small HNI : ₹.207,270(14 lots, 658 shares) Big HNI : ₹.1,006,740(68 lots, 3196 shares)
The finalization of Basis of Allotment for Aadhar Housing Finance Limited IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024. Check the Aadhar Housing Finance Limited IPO allotment status.