Mumbai based Housing Finance Company Aadhar Housing Finance files DRHP with SEBI for the proposed IPO; Key Details here

Aadhar Housing Finance is into Financial Services Housing Finance and is looking raise funds through Fresh Issue and Offer for Sale

Aadhar Housing FinanceIPO: Fresh Issue of Equity shares aggregating up to Rs.1000 crores. Offer for Sale of Equity shares aggregating up to Rs.4000 crores IPO

Aadhar Housing Finance IPO: Aadhar Housing Finance Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 10 per share via initial public offering.

Promoters of Aadhar Housing Finance are BCP Topco VII Pte. Ltd. (Blackstone Group) and holds 98.72% stake in the company.

Key Details:

• Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 1000 crores and an Offer for Sale aggregating up to Rs 4000 crores.
• ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities, SBI Capital Markets have been appointed as lead merchant bankers for the proposed IPO.
• It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
• Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO:
As per the details available in DRHP, fundraising will consist of an Fresh Issue aggregating Rs. 1,000 Crs andby BCP Topco VII Pte. Ltd. (Promoter) who is offloading Equity Shares aggregating up to Rs 4000 crores..

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Objects of the issue:
1) To meet future capital requirements towards onward lending amounting to Rs 750 Cr, and 2) General Corporate Purposes.

About Company:
Aadhaar Housing Finance is a housing finance company established in 2010 that specifically targets the needs of lower income individuals in India. They offer a variety of home loan products, including those for purchase, construction, renovation, and extension of residential properties. Their aim is to make homeownership attainable for those who might otherwise struggle to qualify for traditional loans.

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About Industry:
The overall size of the housing finance market focusing on low income housing loans in India was around ₹ 4.4 trillion as of December 2023, constituting for around 14% of the overall housing finance market, as per CIBIL data. CRISIL MI&A expects the industry to pick up steam gradually and the loans outstanding in housing finance focused on low income housing segment to touch ₹ 5.4-5.7 trillion by March 2026, translating into an 8-10% CAGR between Fiscals 2023 and 2026.

Source: SEBI, BSE, NSE, DRHP, Aadhar Housing Finance, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.