Aadhar Housing Finance Ltd IPO

Aadhar Housing Finance ltd announces ₹3,000cr IPO, ₹1,000 cr fresh shares and ₹2,000 cr offer for sale to boost future capital for onward lending.

Important Details

Open Date : May 8, 2024 Close Date : May 10, 2024 Allotment Date: May 13, 2024 Listing Date: May 15, 2024

Important Details

IPO Price: INR 300-315 pershare Lot Size: 47 Shares Total Issue Size: INR 3,000cr

Fundamental Analysis

1. Positive revenue & profitability. 2. Strengthening capital base & efficient cost management. 3. Conducts thorough analysis of industry trends, competitive landscape & risk factors before investing.

Peer Comparison

1. Aadhar: Strong revenue, P/E not available. 2. Aptus: High P/E, moderate EPS. 3. Aavas: Strong P/E, high EPS & RoNW. 4. Home First: High P/E & EPS. 5. India Shelter: Good P/E & EPS.

Objective

Aadhar Housing Finance IPO Proceeds: 1. ₹750 crore: Strengthen Tier 1 capital. 2. Remaining funds: General corporate purposes & strategic initiatives.

Risks And Challenges

1. Negative cash flow trends. 2. Interest rate volatility impacting liquidity. 3. Legal proceedings affecting business. 4. Regulatory investigations impacting share price.