Aadhar Housing Finance IPO: From financials to key risks, here are 10 things to know from RHP before investing

1.Aadhar Housing Finance IPO: Subscription details

Aadhar Housing Finance IPO subscription play began connected Wednesday, May 8, and volition decorativeness contiguous i.e. Friday, May 10. The terms set for the IPO had been acceptable astatine ₹300 to ₹315 per share. for each equity stock having a look worth of ₹10 for Blackstone backed lodging concern Company. The investors request to use for 47 shares and successful multiples thereafter. Aadhar Housing Finance IPO already had ensured Rs. 898 crore from anchor investors.

Also Read- Aadhar Housing Finance IPO time 3: GMP, subscription presumption to review. Apply oregon not?

In the Aadhar Housing Finance IPO, retail investors person been allocated 35% of the contented size, non-institutional investors (NIIs) 15%, and qualified organization buyers (QIBs) allocation stans astatine 50%.

2.Aadhar Housing Finance IPO: Objectives of the issue

The ₹3,000.00 crore Aadhar Housing Finance IPO is simply a book-built offering. The contented consists of an connection to merchantability 6.35 crore shares, valued astatine an aggregate of ₹2,000.00 crores, and a caller contented of 3.17 crore shares, valued astatine ₹1,000.00 crores.

Aadhar Housing Finance has projected to utilize the nett Proceeds towards the pursuing objectives

(i) To conscionable aboriginal superior requirements towards onward lending; and

(ii) General firm purposes.

In addition, our Aadhar Housing Finance has highlighhted that it expects to person the benefits of listing of the Equity Shares connected the Stock Exchanges, which see enhancement of Aadhar Housing Finance marque sanction and instauration of a nationalist marketplace for its Equity Shares successful India.

3.Aadhar Housing Finance IPO: About the Company

Aadhar Housing Finance concentrated connected the Indian low-income lodging market, for tickets size of little than ₹1.5 million. Aadhar Housing Finance highlighted that it had the highest AUM (assets nether management) and nett worthy among its analyzed peers successful six months ended September 30, 2023, according to CRISIL Additionally, it had the astir progressive accounts successful FY2023 based connected the adjacent acceptable that CRISIL examined.

The enactment offers a scope of owe financing options for building, renovating, and buying residential and commercialized existent estate. Aadhar Housing Finance has an extended web of 471 branches, including 91 income offices, arsenic of September 30, 2023. These branches and income offices service astir 10,926 pin codes successful India and are dispersed implicit 20 states and national territories.

4.Aadhar Housing Finance IPO: Key Risks

The Erstwhile Promoters of Aadhar Housing Finance are taxable to definite ongoing regulatory investigations by enforcement agencies including the Enforcement Directorate and the result of specified investigations whitethorn adversely interaction it and the Equity Shares held by its Promoter, BCP Topco and the marketplace terms of the Equity Shares of the Company.

Aadhar Housing Finance Promoter volition proceed to exert important voting power implicit the Company aft completion of the Offer, which whitethorn bounds its quality to power the result of matters submitted for support of our shareholders.

5.Aadhar Housing Finance IPO: Promoter

The promoter of the institution is BCP Topco VII Pte. Ltd.

BCP Topco, the Promoter, was incorporated arsenic a backstage constricted institution nether the laws of Singapore connected December 27, 2017 having UEN: 201736996M. The registered bureau of BCP Topco is located astatine 77 Robinson Road #13-00, Robinson 77, Singapore 068896. The main enactment of BCP Topco is to service arsenic an concern holding company.

Also Read- TBO Tek IPO: Here are 10 cardinal risks from the RHP you should know

6.Aadhar Housing Finance IPO: Financials

The consolidated nett net of Aadhar Housing Finance stood astatine ₹544.8 crore during FY23 which grew 22% compared to ₹444.9 Crore successful FY22. The nett involvement income astatine ₹1244 Crore grew 28.6% implicit FY22.

During the archetypal 6 months ending September'2023 nett net astatine ₹343.61 crore grew 40% implicit 2,454.4 during archetypal six months ending September'2022.

7. Aadhar Housing Finance IPO: Peers

Aavas Financiers Limited, Aptus Value Housing Finance India Limited, Home First Finance Company India Limited , India Shelter Finance Corporation are the adjacent companies of Aadhar Housing Finance IPO.

Also Read- Aadhar Housing Finance IPO: 10 cardinal risks investors should cognize earlier subscribing to the issue

8. Aadhar Housing Finance IPO: Registrar, Book moving manager

The publication moving pb managers of the Aadhar Housing Finance IPO are ICICI Securities Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, and SBI Capital Markets Limited ,

Kfin Technologies Limited is the registrar for the issue.

9. Aadhar Housing Finance IPO: Allotment and Listing details-

The allotment for Aadhar Housing Finance IPO is apt to beryllium completed successful Monday, May 13, 2024.

The Aadhar Housing Finance shares are apt to spot listing connected Wednesday, May 15, 2024

10. Aadhar Housing Finance IPO: GMP oregon Grey Market premium

The IPO Grey Market premium for Aadhar Housing Finance stood astatine +54 according to investorgain.com. This shows that the terms of Aadhar Housing Finance shares were trading astatine a premium of ₹54 successful the grey market.

Aadhar Housing Finance shares are expected to database astatine ₹369 per share, 17.14% higher than the IPO terms of ₹315 erstwhile the precocious extremity of the IPO pricing scope and the existent premium connected the grey marketplace are taken into account.

A "grey marketplace premium" denotes the willingness of investors to portion with much wealth than the contented price.

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Published: 10 May 2024, 10:29 AM IST