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Aadhar Housing Finance IPO
Price Band
₹300.0–315.0
Issue Size
₹3000.0 Cr
Lot Size
47 shares
Min Investment
₹14,805
GMP
+₹43.0 (13.65%)
Issue Price
₹315.0
Subject to Sauda
₹1500
Paid only if allotted
Aadhar Housing Finance IPO AI Summary
- Aadhar Housing Finance IPO is listed on BSE, NSE in the Housing Finance Company sector.
- Price band: ₹300.0–₹315.0 per share, lot size 47 shares (min. investment ₹14,805).
- Subscription window: 08 May–10 May 2024, listing on 15 May 2024.
- Current GMP is +₹43.0 (13.65%), an estimated listing price of ₹358 — unofficial and can change daily.
Aadhar Housing Finance Limited is set to offer its shares to the public with an issue price of ₹315, targeting the lower income segment in India. The company has shown stable growth in revenue and profit, with a strong network of branches across the country.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Aadhar Housing Finance IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 May 2024 — not a current signal.
11 of 12 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aadhar Housing Finance IPO Grey Market Premium (GMP) Today
GMP
+₹43.0
GMP %
+13.65%
Est. Listing
₹358.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 18,035.57 | 16,617.87 | 14,375.81 | 13,630.33 |
| Total Income | 1,895.17 | 2,043.52 | 1,728.56 | 1,575.55 |
| Profit After Tax | 547.88 | 545.34 | 446.20 | 340.46 |
| NET Worth | 4,249.10 | 3,697.60 | 3,146.63 | 2,692.76 |
| Total Borrowing | 13,127.59 | 12,153.45 | 10,674.59 | 10,374.47 |
Key Ratios
EPS
₹13.81
NAV
₹107.60
ROE
18.4%
RoNW
12.9%
P/B Value
2.93
P/E Ratio
22.8
Market Cap
₹13434.78 Cr
Debt/Equity
3.10
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| India Shelter Finance Corporation Limited | 141.4 | 13.4% | 33.1 | 17.8 | 17.5 |
| Home First Finance Company India Ltd | 206.5 | 13.5% | 34.9 | 26 | 25.2 |
| Aavas Financiers Ltd | 413.6 | 14.1% | 28.1 | 54.4 | 54.3 |
| Aptus Value Housing Finance India Limited | 67.1 | 16.1% | 31.3 | 10.1 | 10.1 |
| Aadhar Housing Finance Limited This IPO | 93.7 | 16.5% | — | 13.8 | 13.4 |
Promoters
BCP Topco VII Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 To meet future capital requirements towards onward lending 750.00 2 General corporate purposes 202.33
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,728.56 Cr in the year ended 31 Mar 2022, rising to ₹2,043.52 Cr by 31 Mar 2023. However, it decreased to ₹1,895.17 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹340.46 Cr in the year ended 31 Mar 2021, increasing to ₹446.20 Cr by 31 Mar 2022, and further rising to ₹545.34 Cr by 31 Mar 2023. By 31 Dec 2023, profit after tax was ₹547.88 Cr, indicating a stable growth trend.
Valuation
At the issue price of ₹315, Aadhar Housing Finance has an implied P/E ratio of 22.8, compared to peers trading at P/E ratios ranging from 28.1 to 34.9.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected premium at which the shares might list compared to the issue price. A positive GMP suggests that the market anticipates the stock will list at a higher price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions.
Who May Want to Wait
Investors who prefer stable investments with lower risk might want to avoid IPOs like this, which can be subject to market fluctuations and volatility.
IPO Timeline, Explained
The IPO opens for subscription on May 8, 2024, and closes on May 10, 2024. Allotment of shares will be done on May 13, 2024, with the listing expected on May 15, 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit made when shares are sold on the listing day at a price higher than the issue price. However, there are risks involved, as market conditions can change rapidly, affecting the stock's performance.
This evaluation is generated from Aadhar Housing Finance's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Aadhar Housing Finance IPO GMP today?
Aadhar Housing Finance IPO GMP today is +₹43.0 (13.65%), indicating an estimated listing price of ₹358. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Aadhar Housing Finance IPO?
The price band of Aadhar Housing Finance IPO is ₹300.0–₹315.0 per share.
When does Aadhar Housing Finance IPO open and close?
Aadhar Housing Finance IPO opens on 08 May 2024 and closes on 10 May 2024.
When does Aadhar Housing Finance IPO list on the stock exchange?
Aadhar Housing Finance IPO listed on 15 May 2024 at ₹358.0.
What is the lot size for Aadhar Housing Finance IPO?
The lot size for Aadhar Housing Finance IPO is 47 shares, requiring a minimum investment of ₹14,805.
What is the price band for the Aadhar Housing Finance IPO?
The price band for the IPO is ₹300 to ₹315.
What is the minimum investment required?
The minimum investment required is ₹14,805.
What is the lot size for the IPO?
The lot size is 47 shares.
When is the listing date for the shares?
The shares are expected to be listed on May 15, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium at which the shares might list compared to the issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 May 2024
Close
10 May 2024
Allotment
13 May 2024
Listing
15 May 2024
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