Aadhar Housing Finance IPO Description: Aadhar Housing Finance emerges as a prominent player in the affordable housing finance sector, catering to economically weaker and low-to-middle-income individuals seeking modest mortgage loans. With the largest asset under management (AUM) in the affordable housing finance segment in India, Aadhar Housing Finance also boasts the most geographically diversified AUM and operates with exceptional operating expenditure ratio efficiency.

As of December 31, 2022, and December 31, 2023, the average ticket size of loans stood at INR 0.09 crore and INR 0.10 crore, respectively, with an average loan-to-value ratio of 57.7% and 58.3%. The company maintains a substantial workforce, with 3,885 employees as of December 31, 2023, along with 1,875 employees in its wholly-owned subsidiary.

Salaried customers comprised 58.6% and 57.2% of Gross AUM as of March 31, 2023, and December 31, 2023, respectively, while self-employed customers accounted for 41.4% and 42.8% of Gross AUM during the same periods. With 255,683 live accounts as of December 31, 2023, including assigned and co-lent loans, Aadhar Housing Finance maintains a robust presence in the market.

Operating through a network of 487 branches, including 109 sales offices, as of December 31, 2023, Aadhar Housing Finance operates across 20 states and union territories, spanning approximately 10,926 locations throughout India. With a widely dispersed branch network ensuring no single state dominates more than 14% of Gross AUM, Aadhar Housing Finance demonstrates its commitment to inclusive growth and accessibility across the country.