Aadhar Housing Finance IPO: Know how its listed peers are performing

The ₹3,000-crore initial public offering (IPO) of Aadhar Housing Finance, a firm backed by the Blackstone Group, opened on Wednesday.

According to media reports, the company has raised ₹898 crore from anchor investors before the opening of the issue. The price band for the IPO has been fixed at ₹300-315 per share. The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale from BCP TOPCO worth ₹1,000 crore.

As investors gear up for the IPO, here’s a look at some of the company’s peers:

1. Aptus Value Housing Finance India: The company’s assets under management (AUM) grew 29% year-on-year (YoY) at ₹8,722 crore as of the fiscal year 2024. Disbursement stood at ₹3,127 crore, registering a growth of 31% YoY. Net profit during the year grew 22% to ₹612 crore. Shares of the company have lost over 1.5% since the beginning of the year.
2. Aavas Financiers: The firm witnessed its AUM grow 22% YoY to ₹17,312.6 crore in FY24. Disbursements grew 11% to ₹5582.2 crore during the year. The firm reported a 15% rise in its net profit at ₹490.8 crore. The stock has gained over 2% since the beginning of the year.
3. Home First Finance Company: As of the end of the third quarter of FY24, the company had AUM worth ₹9,014 crore, registering a growth of 33.5% YoY. The firm’s disbursements during the quarter grew 29.1% to ₹1,007 crore. Net profit rose 34.2% to ₹79 crore. Shares of the firm have lost nearly 4% since the beginning of the year.
4. India Shelter Finance Corporation: As of the end of the third quarter of FY24, the company had AUM worth ₹5,609 crore, registering a growth of 42% YoY. The firm’s disbursements during the quarter grew 36% to ₹679 crore. Net profit rose 55% to ₹62 crore. Shares of the firm have gained nearly 3% since the beginning of the year.