The Securities and Exchange Board of India (SEBI) has approved Rs 5,000-crore Initial Public Offering (IPO) of Aadhar Housing Finance. The planned IPO will consist of a fresh share offering of up to Rs 1,000 crore and a selling offer of Rs 4,000 crore.
AHFL caters to economically disadvantaged and low-to-middle-income customers seeking small mortgage loans under ₹15 lakh. As of September 2022 and September 2023, the average loan ticket size was ₹9 lakh, with loan-to-value ratios of 57.6% and 58%, respectively.
According to Crisil, Aadhar Housing Finance Limited had the highest AUM and net value among the peer companies studied in the six months ending September 30.
It provides various mortgage-related loan products, including loans for residential property purchase and construction, home remodelling and extension loans, and commercial property construction and acquisition. It operates a network of 471 outlets, including 91 sales offices.
Book Running Lead Managers for the IPO include ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and Securities, and SBI Capital Markets.
