Aadhar Housing Finance Limited IPO: Price, Lot Size, Strengths and Risks

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Aadhar Housing Finance Limited IPO will open for subscription on 8th May 2024. Its last date of application is 10th May, 2024. On 15th May, 2024, these shares will be available in the secondary market of NSE and BSE for trading.

Established in 2010, Aadhar Housing Finance Limited started its operation in February 2011. It mainly deals with home loans and targets the low-income segment in India. 

The offer price of the IPO is between Rs. 300 and Rs. 315 per share. For more information on this IPO, read our blog carefully and make informed investment decisions. 

Additional ReadAadhar Housing Finance Ltd IPO

IPO Details

These are the most important details of Aadhar Housing Finance Limited IPO:

IPO Open Date

8th May 2024, Wednesday

IPO Close Date

10th May 2024, Friday

Issue Type

Book Built IPO

Face Value

Rs. 10 per share

Price Band

Rs. 300 to Rs. 315 per share

Minimum Lot Size

47 equity shares

Total Issue Size

Amount aggregating up to Rs. 3,000 crore

Offer for Sale

Amount aggregating up to Rs. 2,000 crore

Additional ReadUpcoming IPOs in May 2024

About the Company and IPO

Aadhar Housing Finance Limited is one of the biggest housing finance companies in India that offers housing loans to low-income sections of our society. The company started its business and operations in February 2011. On 20th November 2017, the company was merged with DVHFL and changed its name to Aadhar Housing Finance Limited on 4th December 2017.

The company has served 246,983+ customers and it has 471 offices and branches across the country. It mainly offers housing loans to people with an income range between Rs. 5,000 and Rs. 50,000 per month. It has branch offices across 20 states in the country.

BCP TOPCO VII PTE. LTD. is the largest shareholder in this company with a pre-IPO stake of 98.72%. The IPO is a combination of both a fresh issue and an offer for sale. 

The total IPO size of Aadhar Housing Finance Limited is Rs. 3,000 crore where the fresh issue size is Rs. 1,000 crore and the OFS size is Rs. 2,000 crore. The IPO will offer up to 9,52,38,095 equity shares where 3,17,46,032 shares will be a fresh issue and 6,34,92,063 shares will be for OFS.

Additional ReadHow to Invest in an IPO Online

IPO Timeline

The following table outlines the important Aadhar Housing Finance Limited IPO dates that you should know before applying. 

IPO Open Date 

8th May, 2024, Wednesday

IPO Close Date 

10th May, 2024, Friday

Cut-off Time for UPI Mandate Confirmation

10th May, 2024 at 5 PM

Basis of Allotment Date 

13th May, 2024, Monday

Initiation of Refunds Date 

14th May, 2024, Tuesday

Credit of Shares to Accounts Date

14th May, 2024, Tuesday

Listing Date 

15th May, 2024, Wednesday

Aadhar Housing Finance Limited IPO Lot Size

Follow this table to know the lot size of the issue:





Retail Investor (Minimum)



Rs. 14,805

Retail Investor (Maximum)



Rs. 192,465

Small HNI (Minimum)



Rs. 2,07,270

Small HNI (Maximum)



Rs. 9,91,935

Big HNI (Minimum)



Rs. 10,06,740

Company Financials

The following is the financial statement of Aadhar Housing Finance Limited for the previous three years:


For the Financial Year Ending (Rs. In Millions)


March 31, 2023

March 31, 2022

March 31, 2021

Total Assets




Total Liabilities




Total Expenses




Total Revenue




Profit/Loss After Tax








Additional Read: Difference Between NFO and IPO

Strengths of the Company

These are the strengths of Aadhar Housing Finance Limited:

  • Aadhar Housing Finance Limited focuses on the low-income segment in India. According to CRISIL, the company has the highest assets under management and net worth in FY 21, FY 22 and FY 23.
  • The company is experienced in this sector. Even in negative times such as the GST rollout and the COVID-19 pandemic, the company's performance, asset quality and profitability were positive.
  • As of December 2023, the company has 487 branches and sales offices across 20 Indian states. Based on the CRISIL report, the company has a market share of 79% of the market size in the housing finance sector of low-income segments. 
  • The company has various comprehensive systems to determine risk management, credit assessment and collection framework to monitor, identify and manage risk. 
  • Its IT platform covers the total lifecycle of a customer from lead generation to collection. It has an in-house technical team and civil engineers that determine the property value to get the correct valuation before financing.
  • The key officials of this company have highly experienced persons which helps to formulate and execute its strategies.

Risks Involved

These are some of the risks involved with the business of Aadhar Housing Finance Limited:

  • There are some ongoing regulatory investigations on its promoters by enforcement agencies and any negative outcome can impact its business.
  • There are some ongoing legal proceedings against the company. Any adverse outcome of these investigations will impact its business.
  • The company depends on the borrower and third-party companies to determine loan eligibility. If any borrower provides false information, the company will be unable to calculate the actual valuation, creditworthiness and other details. These situations are harmful to its business.
  • The company has experienced negative cash flow in the past (in FY 2021, FY 2023 and nine months ended December 31, 2022). These situations may occur in future and if so, it will be a negative event for its operations.

Summing Up

The total size of Aadhar Housing Finance Limited IPO is worth Rs. 3,000 crore. The IPO will be open for application between 8th May 2024 to 10th May 2024. Make sure you have read all the details of this company from the RHP document before placing your IPO order. 

If you are considering investment in this IPO, you can do so easily via our Bajaj Broking platform. Moreover, you can open a free demat and trading account with us and get hassle-free upcoming IPO applications.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Frequently Asked Questions

What is the future of Marico going forward into FY25, based on the Marico Q4 results?

Answer Field

Moving into FY25, Marico plans on broad-based business scaling as its international business is picking up. While domestic Revenue may have been somewhat flattish, there are plans for more penetration into rural segments while maintaining its robust market share.

Were the Q4 results of Marico indicative of a positive quarter for the Company?

Answer Field

Yes, the Marico Q4 results were promising with Recurring and Reported PAT, Revenues, and EBITDA rising compared to the same figures of the same quarter of the previous fiscal year. The Company’s market share also witnessed stability or improvement in market share across brands and businesses, and its international business Revenue saw lucrative growth (10% CCG).

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users


4.3 App Rating


4 Languages


₹ 3800 Cr MTF Book