Aadhar Housing Fin.

** Shares of India's Aadhar Housing Finance AADA.NS fall 2.17% to 506.20 rupees

** Co posted 27% y/y rise in Q4 consolidated profit after tax to 3.11 billion rupees ($32.71 million)

** Citi ("buy"; TP: 650 rupees) says lower credit costs, one-time income supported earnings despite pressure from narrowing spreads and higher operating expenses

** Nomura ("buy"; TP: 615 rupees) says co maintained FY27 growth guidance, but flags spreads remaining critical in a volatile macro environment

** Brokerages caution pressure on lending margins could weigh on profitability ahead

** YTD, stock up 6.7%

($1 = 95.0750 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

BENGALURU, May 5 (Reuters) - Diary of India economic, corporate events on May 5

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

(([email protected]))

Jan 30 (Reuters) - Aadhar Housing Finance Ltd AADA.NS:

• AADHAR HOUSING FINANCE LTD DEC-QUARTER CONSOL PAT 2.81 BILLION RUPEES

• AADHAR HOUSING FINANCE LTD DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 9.43 BILLION RUPEES

Source text: [ID:]

Further company coverage: AADA.NS

(([email protected];))

** Shares of Aavas Financiers AVAS.NS rise 4.3% to 1593.2 rupees

** Analysts at Citi Research says the company is on track for gradual recovery after 6-7% downwards earnings revision following a weak first-quarter

** Adds, operational metrics likely bottomed out in Q1 and co on path for improvement

** There are visible signs of disbursement normalisation, with AUM likely to scale from second half of the fiscal - Citi

** Citi says that the co is trading 25%-30% discount to peers like Aadhar Housing Finance AADA.NS and Aptus Value Housing FinanceAPTS.NS, offering favourable risk/reward, recommends to buy the dip

** Avg rating of 19 analysts covering the stock is "buy", their median PT is 1935 rupees - data compiled by LSEG

** Stock down 5% in 2025, vs a 22.5% rise in AADA and 12.5% gain in APTS

(Reporting by Nishit Navin in Bengaluru)

(([email protected]))

** Shares of Aadhar Housing Finance Ltd AADA.NS rise as much as 8.3% to 537.5 rupees
** Finance co reported a 18.6% y/y rise in Q1 consol net profit to 2.37 bln rupees ($27.4 mln); interest income rose 20.8%
** Adds, disbursements up 32% Y/Y, supported by sustained demand in affordable housing segment
** Stock on track to snap 3 days of losses
** More than 5.2 mln shares traded as of 11:13 a.m. IST, 6x their 30-day moving avg; busiest session yet since March 21
** Mean rating of stock is "strong buy"; median PT is 577.5 rupees - data compiled by LSEG
** AADA last up 5%, adding to YTD gains of 17.5%

($1 = 86.5275 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

** Home First Finance Company India HOME.NS up 5%, Aadhar Housing Finance AADA.NS up 1.3%

** Aptus Value Housing Finance India APTS.NS gains 1.4%, PNB Housing Finance PNBH.NS inches up 0.3%

** Aavas Financiers AVAS.NS down 0.5%

** Bernstein initiates coverage on affordable housing financiers, with "outperform" ratings on HOME, APTS, and AADA, and "market-perform" on AVAS and PNBH

** Expects next leg of retail credit growth to be led by mortgages - Bernstein

** "Specialised lenders focused on low-income, informally employed borrowers.. stand to gain share in this segment"; "The segment remains attractive with good profitability and growth" - note

** YTD HOME and APTS up 36% and ~19% respectively, AADA rises 8%

** PNBH and AVAS gains ~26% and ~17% so far in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Aadhar Housing Finance AADA.NS rise 2.7% to 456 rupees, set to gain for fourth straight session

** CARE Ratings upgrades credit rating for AADA's non-convertible debenture and subordinate debt issue to AA+ from AA

** Investec says AADA has highest credit rating among Indian affordable housing finance companies with this upgrade

** Says upgrade should improve AADA's cost of funds by 20-25 bps on an incremental basis

** AADA should have lowest cost of funds within its peer set and this should improve its competitive position - Investec

** Trading vols at 801,109 shares, over 2x the 30-day average

** AADA up ~8% YTD

(Reporting by Vijay Malkar)

(([email protected];))

** India's Home First Finance HOME.NS gains 8% to 1,142.60 rupees

** Investec keeps 'buy' rating on the housing financier , hikes PT to 1,350 rupees from 1,300 rupees

** Says HOME is "ahead of its affordable peers" such as Aadhar Housing Finance AADA.NS and Aavas Financiers AVAS.NS

** Says best-in-class asset quality, scalable affordable housing business and customer-centric approach to boost profit

** Notes HOME's reliance on debt has fallen after recent equity raise, which could become preferred route for funding

** Analysts on avg rate HOME and AADA 'strong buy' and AVAS 'buy'; their median PT on HOME is 1,290 rupees -LSEG data

** HOME up 8% YTD vs 11% for AADA and 19.5% for AVAS

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

** Asian Markets Securities initiates coverage on India's affordable housing finance cos, citing robust growth and returns

** Says AADA HAS better diversification, with top three states ~40% of AUM vs 59%-67% for other three

** Expects AADA and IDNI to achieve 4%-plus ROA with AUM CAGR at 20% and 32% each over FY24-27

** On the day, AADA down ~1%, AVAS up 2.6%, HOME down 1.44% and IDNI flat

(Reporting by Ananta Agarwal in Bengaluru)

(([email protected]))

Feb 6 (Reuters) - Aadhar Housing Finance Ltd AADA.NS:

• DEC-QUARTER CONSOL PAT 2.39 BILLION RUPEES

• DEC-QUARTER CONSOL INTEREST INCOME 7.14 BILLION RUPEES

Source text: [ID:]

Further company coverage: AADA.NS

(([email protected];;))

Jan 17 (Reuters) - Aadhar Housing Finance Ltd AADA.NS:

• TO CONSIDER TO REVALIDATE 20 BILLION RUPEES LIMIT FOR NCD ISSUANCE

Source text: ID:nBSE2xGlDj

Further company coverage: AADA.NS

(([email protected];;))

Nov 12 (Reuters) - Aadhar Housing Finance Ltd AADA.NS:

• AADHAR HOUSING FINANCE SEPT-QUARTER CONSOL PAT 2.28 BILLION RUPEES

• AADHAR HOUSING FINANCE SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 7.64 BILLION RUPEES

Further company coverage: AADA.NS

(([email protected];))

Nov 6 (Reuters) - Aadhar Housing Finance Ltd AADA.NS:

• SEPT-QUARTER CONSOL PAT 2.28 BILLION RUPEES

• SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 7.64 BILLION RUPEES

Source text: [ID:]

Further company coverage: AADA.NS

(([email protected];;))

Updates with Swiggy's target valuation, subscriptions opening next week; Hyundai India's bid response, lacklustre debut

Oct 30 (Reuters) - Companies are rushing to go public in India this year as the stock market booms, with Swiggy's SWIG.NS $1.35 billion initial public offering opening up for subscriptions next week.

About 270 companies have raised over $12.57 billion through IPOs in India so far this year, well above the $7.4 billion raised in all of 2023, LSEG data shows.

These are the country's biggest IPOs of 2024:

* HYUNDAI MOTOR INDIA

Hyundai Motor India's $3.3 billion IPO, the first by a carmaker in India in two decades, received bids totalling $5.5 billion. However, concerns around lofty valuations and an auto industry slowdown led the company to log a lacklustre debut.

* SWIGGY

SoftBank-backed food delivery firm Swiggy is eyeing an $11.3 billion valuation on its $1.35 billion IPO, after cutting it down twice by a combined 25%, citing recent volatility in the Indian equity markets.

* NTPC GREEN

State-run NTPC's NTPC.NS green energy arm filed draft papers for a $1.2 billion IPO in September.

* BAJAJ HOUSING FINANCE

Shares of India's most valuable home loan financier have more than doubled after a blockbuster response to its $782 million IPO in September.

* OLA ELECTRIC

The electric scooter maker's $734-million IPO in August drew investor interest from the likes of Fidelity and Nomura.

* SCHLOSS BANGALORE

Brookfield-backed Leela hotels owner Schloss Bangalore filed for a $599 million IPO in September.

* BHARTI HEXACOM

Telecom operator Bharti Hexacom's BHAX.NS $511-million IPO was launched in April, attracting bids worth more than $8 billion.

* AADHAR HOUSING FINANCE

Mortgage lender Aadhar Housing Finance's AADA.NS IPO in May raised $358 million.

* GO DIGIT GENERAL INSURANCE

Insurer Go Digit GODG.NS launched its share sale in May, raising $312 million.

(Reporting by Hritam Mukherjee, Nandan Mandayam, Dimpal Gulwani in Bengaluru; Editing by Aditya Kalra, Mark Potter and Lincoln Feast.)

(([email protected]; Mobile: +91 9591011727;))

Adds latest details on IPOs of Hyundai Motor India, Bajaj Housing Finance, Swiggy, Schloss, NTPC Green; changes media packaging code

Oct 8 (Reuters) - Companies are rushing to go public in India this year as the stock market booms, with Hyundai Motor's 005380.KS Indian unit gearing up to launch the country's biggest initial public offering (IPO) of 2024 so far next week.

About 260 companies have raised over $9 billion through IPOs in India so far this year, more than double the amount raised in the same period last year, LSEG data shows.

These are the country's biggest IPOs of 2024:

* HYUNDAI MOTOR INDIA

Hyundai Motor India's $3 billion IPO, the first by a carmaker in India in two decades, opens for subscription next week. Its Korean parent is selling a 17.5% stake in the offering as the company targets a valuation of about $19 billion.

* SWIGGY

SoftBank-backed food delivery firm Swiggy in September filed papers for an IPO, which a source said could be worth $1.25 billion.

* NTPC GREEN

State-run NTPC's NTPC.NS green energy arm filed draft papers for a $1.2 billion IPO in September.

* BAJAJ HOUSING FINANCE

Shares of India's most valuable home loan financier have more than doubled after a blockbuster response to its $782 million IPO in September.

* OLA ELECTRIC

The electric scooter maker's $734-million IPO in August drew investor interest from the likes of Fidelity and Nomura.

* SCHLOSS BANGALORE

Brookfield-backed Leela hotels owner Schloss Bangalore filed for a $599 million IPO in September.

* BHARTI HEXACOM

Telecom operator Bharti Hexacom's BHAX.NS $511-million IPO was launched in April, attracting bids worth more than $8 billion.

* AADHAR HOUSING FINANCE

Mortgage lender Aadhar Housing Finance's AADA.NS IPO in May raised $358 million.

* GO DIGIT GENERAL INSURANCE

Insurer Go Digit GODG.NS launched its share sale in May, raising $312 million.

(Reporting by Nandan Mandayam, Dimpal Gulwani in Bengaluru; Editing by Aditya Kalra and Mark Potter)

(([email protected]; Mobile: +91 9591011727;))

** Aadhar Housing Finance AADA.NS rise 4.6% to record-high of 485.50 rupees

** JM Financial starts with "buy" and 600 rupees target price, 29% upside to last close

** JM notes AADA has longest track record in affordable housing space, with total AUM of 217 bln rupees ($2.60 bln)

** Expects AADA's deeper geographical presence and Indian govt push on housing to aid AUM growth at 20% CAGR over FY24-26

** Says AADA's focus on low income group and geographical presence results in strong productivity metrics

** Stock up ~47% since listing in mid-May

** That's more than peers Aavas Financiers AVAS.NS and Can Fin Homes CNFH.NS YTD gains of ~23% and ~14%, respectively

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

By Dimpal Gulwani and Bharath Rajeswaran

BENGALURU, Sept 11 (Reuters) - India's Bajaj Housing Finance BAJO.NS attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market.

The interest in the company's public offer -- the most this year among mainboard IPOs worth more than $500 million -- was due to the lender's prospects in a booming home loan market and came during the busiest week for Indian IPOs in 2024.

Bajaj Housing Finance, a unit of non-bank lender Bajaj Finance BJFN.NS, will become India's largest listed home loan financier, with its $782 million IPO valuing the company at $7 billion.

Analysts attribute the rush for the lender's offering to strong demand for loans for luxury homes, attractive IPO pricing and confidence in the pedigree of the nearly 100-year-old Bajaj group, which also has auto and consumer goods businesses.

Bajaj Housing Finance is raising $424 million in the float by issuing new shares, while Bajaj Finance is selling shares worth $357 million. It set a price band of 66-70 rupees a share.

Analysts expect the interest to sustain after the company lists on the exchange on Monday, Sept. 16.

"Given the demand of the IPO and the oversubscription levels, the stock should see a substantial premium and list at 100 rupees," said Asutosh Mishra, research head at Ashika Stock Broking.

The shares set aside for large institutions, including foreign institutional investors, banks and mutual funds, were oversubscribed by 209 times, while retail investors bid for about seven times the shares on offer.

About 200 companies have raised more than $7 billion this year, more than double the amount raised during the same period last year, in a booming stock market .NSEI that has hit record highs more than 50 times this year, LSEG data showed.

The last IPO from a home loan financier was by Aadhar Housing Finance AADA.NS in May and was oversubscribed by about 26 times.

($1 = 83.9620 Indian rupees)

(Reporting by Dimpal Gulwani and Bharath Rajeswaran in Bengaluru; Editing by Savio D'Souza)

(([email protected];))

** Shares of Aadhar Housing Finance AADA.NS rise 4% to 405 rupees

** Kotak Institutional Equities initiates coverage on affordable housing finance co with "BUY" rating and fair value of 550 rupees per share (41% upside)

** Expects co's expansion strategy to drive a 21% annual growth in assets under management from FY2024-27, with low credit costs

** Stable margins and improving leverage will accelerate return on equity back to high-teens - Kotak

** Avg rating of analysts covering the stock at "Buy"; median PT is at 550 rupees - LSEG data

** Stock has risen 28% since listing in May 2024

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Adds share movement in paragraph 5 after Reuters report

By Manoj Kumar

NEW DELHI, July 3 (Reuters) - India plans to increase state subsidies on rural housing in the upcoming federal budget by as much as 50% from the previous year to more than $6.5 billion, after setbacks for the prime minister's party in elections, two government sources said.

The planned hike in housing subsidies is part of a broader government initiative to boost spending on rural infrastructure including village roads and a jobs programme to help millions of young people stuck in the agriculture sector amid limited manufacturing jobs.

If approved, it would mark the largest annual increase in federal spending on the rural housing programme since its inception in 2016.

"The government is worried over widespread rural economic distress, driven by higher food inflation and sluggish growth in farmers' incomes," said one of the government sources with knowledge of budget discussions.

Shares of Housing and Urban Development Corp HUDC.NS rose as much as 9% after the Reuters report, while Aadhar Housing Finance AADA.NS and GIC Housing Finance GICH.NS rose around 4.5%.

Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) is having to rely on allies to run the government for the first time in a decade, after the opposition did much better than expected in a bitterly fought national election that ended last month.

Under the PM Awas Yojna(Rural) housing scheme, the government aims to facilitate construction of an additional 20 million houses over the next few years, after providing aid for more than 26 million homes for poor households over the past eight years.

Finance Minister Nirmala Sitharaman is expected to announce details of plan during the budget presentation later this month.

"We expect a substantial increase in allocations for several rural schemes this year, including housing, roads and jobs programme," said the second government source, noting federal subsidies for rural housing could exceed 550 billion rupees ($6.58 billion), up from 320 billion rupees last fiscal year.

He said state spending on the rural jobs programme was expected to increase substantially from an earlier estimate of 860 billion rupees, but the government may seek parliament approval for this additional spending later, not as part of the budget.

He said a separate proposal for increasing spending on village roads was also under consideration, from earlier estimates of 120 billion rupees in the current fiscal year.

Both sources spoke on the condition of anonymity as they were not authorised to discuss budget proposals with the media.

During pre-budget consultations, economists and industry leaders urged the government to ramp up rural spending to stimulate consumer demand, noting that private consumption was growing at half the pace of nearly 8% annual economic growth.

The sources said to build 20 million houses for the poor in the rural areas, the federal and state governments are expected to allocate up to 4 trillion ($47.89 billion) over the next few years, with the federal government contributing around 2.63 trillion rupees.

A finance ministry spokeswomen didn't comment when asked about spending plans.

Last month, shortly after assuming office, Modi's cabinet announced plans to assist in the construction of 30 million houses in rural and urban areas, without disclosing financial details.

The Ministry of Rural Development has proposed increasing state subsidies to about 200,000 rupees ($2,395) per housing unit, up from 120,000 rupees previously, citing rising costs of raw materials, the second official said.

($1 = 83.5315 Indian rupees)

(Reporting by Manoj Kumar;Additional reporting by Aftab Ahmed; Editing by Kim Coghill)

(([email protected]; +919810286200; Twitter:@manojgulnar;))

** Shares of Aadhar Housing Finance AADA.NS up 5.8% in trading debut vs IPO price of 315 rupees

** AADA, affordable housing finance co, opens flat at 315 rupees; stock recovers after briefly trading below IPO price

** At current levels, AADA valued at 142.14 bln rupees ($1.70 bln)

** "Debut fell short of pre-listing expectations of 15-20% premium" - Shivani Nyati, Head of Wealth at Swastika Investmart

** Co raised 30 bln rupees in IPO of fresh share issue worth 10 bln rupees, offer for sale of shares worth 20 bln rupees - prospectus

** IPO oversubscribed 25.49x last week - exchange data

($1 = 83.5000 Indian rupees)

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

Feb 8 (Reuters) - Aadhar Housing Finance Ltd AADA.BO:

• AADHAR HOUSING FINANCE DEC-QUARTER PAT 2.03 BILLION RUPEES VERSUS PROFIT 1.59 BILLION RUPEES

• AADHAR HOUSING FINANCE DEC-QUARTER TOTAL REVENUE FROM OPERATIONS 6.59 BILLION RUPEES VERSUS 5.26 BILLION RUPEES

Source text for Eikon: ID:nBSE6klvqP

Further company coverage: AADA.BO

(([email protected];))

Feb 2 (Reuters) -

• INDIA'S AADHAR HOUSING FINANCE RE-FILES FOR IPO - DRAFT PROSPECTUS

• AADHAR HOUSING FINANCE IPO: FRESH ISSUE OF SHARES WORTH 10 BILLION RUPEES, OFFER FOR SALE OF SHARES WORTH 40 BILLION RUPEES

• AADHAR HOUSING FINANCE IPO: ICICI SECURITIES, KOTAK MAHINDRA, CITIGROUP, NOMURA, SBI CAPITAL MARKETS BOOK RUNNING LEAD MANAGERS

• AADHAR HOUSING FINANCE IPO: TO UTILIZE NET PROCEEDS FROM IPO TO MEET FUTURE CAPITAL REQUIREMENTS

Further company coverage: AADA.BO

(([email protected];))

Corrects to say Blackstone acquired Aadhar for $300 million, not $210 million in paragraph 2

By M. Sriram

MUMBAI, Jan 30 (Reuters) - Private equity group Blackstone-owned Indian home loans provider, Aadhar Housing Finance, is targeting a $600-650 million initial public offering (IPO) at a valuation of up to $3 billion, two people with direct knowledge said on Tuesday.

Blackstone BX.N acquired Aadhar for about $300 million in 2019 as it bet on growing demand for affordable housing and financing in India. The IPO attempt is Aadhar's second shot at a listing after a $1 billion IPO plan in 2022 was called off amid market volatility that followed the Russia-Ukraine war.

Blackstone declined to comment while Aadhar did not respond to Reuters queries.

Aadhar plans to file its IPO papers with India's market regulator within the next two weeks, both sources said.

(Reporting by M. Sriram; editing by Aditya Kalra and Louise Heavens)

(([email protected];; Reuters Messaging: Twitter: @followthemani))

MUMBAI, May 18 (Reuters) - India's Aadhar Housing Finance plans to raise at least 1.45 billion rupees ($17.7 million) through the sale of bonds maturing in three years, three merchant bankers said on Thursday.

The company will pay an annual coupon of 8.50% to the investors of this issue and has invited commitment bids from bankers and investors on Monday, they added.

The notes are rated AA by India Ratings and the issue will close for subscription later next week.

The issue has a greenshoe option to retain an additional 1.3 billion rupees.

In February, the company raised 1.15 billion rupees via bonds maturing in four years at an annual coupon of 8.30%.

($1 = 81.7800 Indian rupees)

(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)

(([email protected]; Reuters Messaging: [email protected] Twiter: https://twitter.com/TambeBhakti))