Aadhar Housing Finance IPO

 

Aadhaar Housing Finance Limited was incorporated in 2010 and subsequently merge with DHFL Vysya on November 20, 2017 and was later renamed Aadhar Housing Finance Limited. With the merger of DHFL Vysya and Aadhaar Housing Finance, Aadhaar is one of the few players that has a presence in all around the country. Aadhar Housing Finance IPO will hit the market in 2021.

Issue

The firm has filed preliminary papers to raise Rs 7,300 crore with market regulator Sebi through an initial regulatory offer. – The IPO includes the issuance of shares worth Rs 1,500 crore and the offer to sell up to Rs 5,800 crore by the promoter. BCP TOPCO VII PTE. Ltd (a Blackstone Group company) is the promoter firm of Aadhaar Housing Finance Limited.

Footprints

The company is among the largest affordable housing finance companies in the country. It is catering to the home financing needs of the lower income groups of the society. The country has attempted to empower millions of individuals from their first homes.

At Aadhaar, They facilitate financial inclusion by enabling broad access to housing finance ethically and responsibly. Our financing process is simple, transparent and quick. Committed to the highest standards of ethical behavior and professionalism, we are empowering India to achieve advanced financial capabilities.

Mission

• To focus on the low-income segment
• Providing valuable financial services at affordable rates
• To expand our network and widen the net of financial and economic inclusion in every corner of the country
• To go one step further in serving our customers, providing a sense of security and pleasing the customer
• To speak the language of honor, respect and courtesy with every customer.

Promoters 

Blackstone acquired a 97.7 percent stake in Aadhaar in June 2019. The purchase included the entire stake held by the then controlling shareholders – Wadhawan Global Capital and Dewan Housing Finance Limited (DHFL). Aadhaar having commercial interests in 20 states and union territories has assets of more than Rs 11,000 crore.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	12,830.38	12,366.43	9,480.02	7,801.51
Total Revenue	748,35	1,388.46	1,265.63	815.12
Profit After Tax	156.37	189.38	161.88	114.21

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

IPO Details

IPO Opening Date	2021
IPO Closing Date	2021
Issue Type	Book Built
Face Value	10 per  share
IPO Price	0 to 0 per equity share
Market Lot	0
Min Order Quantity	0
Listing At	BSE, NSE
Issue Size	7300 cr
Fresh Issue	1500 cr.
Offer for Sale	5800 cr.

IPO Tentative Date

Aadhar Housing Finance IPO open date is 2021, and the close date is 2021. The issue may list in 2021.

IPO Open Date	2021
IPO Close Date	2021
Basis of Allotment Date	2021
Initiation of Refunds	2021
Credit of Shares to Demat Account	2021
IPO Listing Date	2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimal level of 1 lot, based on availability, for every shareholder.

Promoter Holding

Pre Issue Share Holding	98.72%
Post Issue Share Holding