Aadhar Housing Finance IPO: Financials, shareholding, comparison with peers in 5 charts
Aadhar Housing Finance IPO: The IPO comprises a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore worth of shares by promoter BCP Topco VII Pte, an affiliate of Blackstone Group
Blackstone-backed Aadhar Housing Finance's Rs 3,000-crore initial public offer (IPO) was subscribed to 44 percent on May 8, the first day of bidding. The IPO comprises a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore worth of shares by promoter BCP Topco VII Pte, an affiliate of Blackstone Group. At the upper end of the price band, the valuation stands at over Rs 13,000 crore.
2/5
The revenue from operations rose 18.2 percent to Rs 2,043 crore in FY23 compared to Rs 1,728 crore in FY22. The profit after tax gained 22.4 percent to Rs 545 crore in the same period.
3/5
Aadhar Housing Finance’s price-to-earnings (P/E) ratio at 19.45 times is comparatively cheaper than Aptus Value Housing Finance (31.3x), Aavas Financiers (28.1x), Home First Finance Company India (34.9x) and India Shelter Finance Corporation (33.1x).
4/5
Pre-issue, the promoter and promoter group held a 98.7 percent stake in Aadhar Housing Finance, while the public owned 1.3 percent. After the IPO, the promoter stake will come down to 76.5 percent and that of the public will increase to 23.5 percent.
Live accounts, including assigned and co-lent loans, increased to 2.33 lakh in FY23 from 2.04 lakh in FY22. Number of branches rose to 469 from 332 in the same period. The company’s debt-to-equity ratio stood at 3.3x as of FY23.
