Aadhar Housing Finance IPO vs VI FPO

Comparision between Aadhar Housing Finance IPO and VI FPO.

IPO Details

Aadhar Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while VI FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aadhar Housing Finance IPO	VI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Axis Capital Limited Jefferies India Private Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aadhar Housing Finance IPO is up to ₹3,000.00 Cr whereas the issue size of the VI FPO is up to ₹18,000.00 Cr. The final issue price of Aadhar Housing Finance IPO is ₹315.00 per share and of VI FPO is ₹11.00 per share.

	Aadhar Housing Finance IPO	VI FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹300.00 per share	₹10.00 per share
Issue Price (Upper)	₹315.00 per share	₹11.00 per share
Issue Price (Final)	₹315.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)	₹23.00 per share
Market Lot Size	47 shares	1298 shares
Fresh Issue Size	3,17,46,032 shares	16,36,36,36,363 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹18,000.00 Cr
OFS Issue Size	6,34,92,063 shares
OFS Issue Size (Amount)	up to ₹2,000.00 Cr
Issue Size Total	9,52,38,095 shares	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹3,000.00 Cr	up to ₹18,000.00 Cr

IPO Timetable

Aadhar Housing Finance IPO opens on May 08, 2024, while VI FPO opens on Apr 18, 2024. The closing date of Aadhar Housing Finance IPO and VI FPO is May 10, 2024, and Apr 22, 2024, respectively.

	Aadhar Housing Finance IPO	VI FPO
Anchor Bid Date	May 07, 2024	Apr 16, 2024
Issue Open	May 08, 2024	Apr 18, 2024
Issue Close	May 10, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	May 13, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	May 14, 2024	Apr 24, 2024
Credit of Share (Tentative)	May 14, 2024	Apr 24, 2024
Listing date (Tentative)	May 15, 2024	Apr 25, 2024
Anchor Lockin End date 1	Jun 12, 2024	May 23, 2024
Anchor Lockin End date 2	Aug 11, 2024	Jul 22, 2024

Financials

Aadhar Housing Finance IPO P/E ratio is 22.8, as compared to VI FPO P/E ratio of -1.88.

Aadhar Housing Finance IPO

VI FPO

Financial

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47
Amount in ₹ Crore

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	190,801.80	207,242.70	194,029.10	203,480.60
Revenue	32,125.60	42,488.50	38,644.90	42,126.40
Profit After Tax	-23,563.80	-29,301.10	-28,245.40	-44,233.10
Net Worth	-97,931.90	-74,359.10	-61,964.80	-38,228.00
Reserves and Surplus	-146,611.60	-123,038.80	-94,083.60
Total Borrowing	203,425.70	201,586.00	190,917.70	180,310.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.72%

48.75%

Promoter Shareholding (Post-Issue)

36.87%

P/E Ratio

22.8

-1.88

Market Cap

₹13434.78 Cr.

₹73131.80 Cr.

ROE

18.4%%

ROCE

Debt/Equity

3.1

EPS

₹13.81

₹-5.85

RoNW

12.9%%

Shares Offered

In the Aadhar Housing Finance IPO retail investors (RII) are offered 3,32,55,556 shares while in VI FPO retail investors are offered 3,32,55,556 shares. Qualified institutional buyers (QIB) are offered 1,90,03,176 shares in Aadhar Housing Finance IPO and 3,27,27,27,273 shares in VI FPO.

	Aadhar Housing Finance IPO	VI FPO
Anchor Investor Reserveration	2,85,04,761 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	1,90,03,176 shares	3,27,27,27,273 shares
NII	1,42,52,381 shares	2,45,45,45,454 shares
RII	3,32,55,556 shares	5,72,72,72,727 shares
Employee	2,39,726 shares	0 shares
Others
Total	6,67,50,839 shares	11,45,45,45,454 shares

Bids Received (Subscription)

Aadhar Housing Finance IPO subscribed 26.76x in total, whereas VI FPO subscribed 6.99x.

	Aadhar Housing Finance IPO	VI FPO
QIB (times)	76.42x	19.31x
NII (times)	17.33x	4.54x
Big NII (times)	18.90x	6.04x
Small NII (times)	14.19x	1.55x
RII (times)	2.58x	1.01x
Employee (times)	6.88x
Other (times)
Total (times)	26.76x	6.99x

Compare with others

Aadhar Housing Finance IPO	VI FPO
Awfis Space Solutions IPO	Go Digit IPO
Go Digit IPO	Aadhar Housing Finance IPO
TBO Tek IPO	TBO Tek IPO
Indegene IPO	Indegene IPO
JNK India IPO	JNK India IPO
VI FPO	Bharti Hexacom IPO
Bharti Hexacom IPO	SRM Contractors IPO
	Popular Vehicles & Services IPO
	Gopal Namkeen IPO
	Krystal Integrated Services IPO

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