Aadhar Housing Finance IPO: Opens Today, GMP, Live Subscription, and Financial Report
| Aadhar Housing Finance IPO dates | |
| IPO Activity | Date |
| Basis of Allotment Date* | 13th May 2024 |
| Refunds Initiation* | 14th May 2024 |
| Credit of Shares to Demat* | 14th May 2024 |
| IPO Listing Date* | 15th May 2024 |
Aadhar Housing Finance IPO Lots
| IPO Activity | Date |
| Issue Price | ₹300.00-315.00 |
| Market Lot: | 47 Shares |
| 1 Lot Amount: | ₹14805 |
| Min Small HNI Lots(2-10 Lakh): | 658 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 3196 shares (68 lots) |
Today marks a significant milestone for the financial landscape in India as Aadhar Housing Finance Limited unveils its Initial Public Offering (IPO), targeting investors with an opportunity to partake in the growth story of affordable housing finance. Specializing in catering to the low-income housing segment, Aadhar Housing Finance stands as a beacon of financial inclusion, offering support to those in need of housing loans under ₹1.5 million. As the IPO opens its doors to investors, let’s delve into the company’s profile, strengths, objectives, live subscription details, and financial performance.
Aadhar Housing Finance Limited is not just another housing finance company; it’s a key player with a mission to uplift communities by providing financial assistance for housing needs. With the highest Assets Under Management (AUM) and net worth among its peers in the six months leading up to September 30, 2023, Aadhar Housing Finance has demonstrated its prowess in navigating the complex landscape of housing finance for the economically disadvantaged. Operating through a network of 471 branches and 91 sales offices across 20 states and union territories, the company has established a formidable presence, reaching approximately 10,926 pin codes nationwide.
What sets Aadhar Housing Finance apart is its commitment to innovation and efficiency. By leveraging technology, the company has streamlined its operations, from credit assessment to monthly customer collections, reducing processing times and enhancing collection efficiency. The transition to a digital IT infrastructure has not only slashed costs but also enabled real-time analysis of customer data, thereby bolstering control and underwriting functions while expanding its customer reach and distribution capability.
Strengths abound in Aadhar Housing Finance’s IPO proposition. From a seasoned business model with resilience through various economic cycles to robust systems and processes for underwriting and asset quality monitoring, the company exhibits a strong foundation for growth. Moreover, its access to diversified and cost-effective long-term financing underscores a disciplined approach to managing assets and liabilities, ensuring stability and sustainability. Additionally, the company’s social objectives are embedded in its DNA, reflecting a commitment to broader societal welfare.
The IPO’s objectives shed light on Aadhar Housing Finance’s strategic vision. The utilization of Net Proceeds towards future capital requirements for lending and general corporate purposes underscores the company’s focus on growth and operational efficiency. This forward-looking approach aligns with its mission to expand its footprint and serve a broader segment of the population in need of housing finance solutions.
As investors contemplate participating in Aadhar Housing Finance’s IPO, live subscription details offer valuable insights. With Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors, and an Employees Quota in the mix, the IPO presents a diverse opportunity for stakeholders to engage with the company at different levels.
Finally, examining Aadhar Housing Finance’s financial performance provides a glimpse into its trajectory. With revenue up by 18.22% and profit after tax (PAT) increasing by 22.22% between the financial years ending March 31, 2023, and March 31, 2022, the company demonstrates not just growth but also profitability—a compelling narrative for potential investors seeking value and sustainability.
In conclusion, Aadhar Housing Finance’s IPO represents more than just a financial opportunity; it embodies a vision of inclusive growth and societal impact. As investors weigh their options, they have the chance to be part of a transformative journey, where financial success converges with social responsibility.
Read full DHRP document.
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Disclaimer: The stock highlights the IPO share news and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Returns Today should be held liable for any losses. Please consult a professional advisor.
