Aadhar Housing Finance’s monitoring agency report for the quarter ended September 30, 2025, confirms that there were no deviations in the utilization of proceeds raised through the issuance of equity shares via public issue. The report, issued by ICRA Limited, indicates adherence to the intended objects of the issue.
Monitoring Agency Confirmation
ICRA Limited, the monitoring agency, has confirmed that Aadhar Housing Finance has utilized the proceeds from its public issue in accordance with the stated objectives for the quarter ending September 30, 2025.
Issue Details
The initial public offer (IPO) opened on May 8, 2024, and closed on May 10, 2024. The issue size was INR 3,000 Crore, with INR 1,000 Crore excluding the offer for sale (OFS) portion. Net proceeds amounted to INR 952.330 Crore (excluding issue-related expenses).
Use of Proceeds
The IPO was intended to meet future capital requirements for onward lending and for general corporate purposes. As of Q2 2026, ICRA monitored gross proceeds of INR 1000.000 Crore.
Specific Utilization
The utilized funds included INR 42.013 Crore for Issue Related Expenses and INR 750.000 Crore towards future capital requirements for onward lending. Additionally, INR 202.330 Crore was allocated for general corporate purposes.
Unutilized Proceeds
As of September 30, 2025, the unutilized amount was INR 5.657 Crore. These funds are held in a public offer account.
Repayment of Indebtedness
A sum of INR 202.330 Crore was used for the repayment of indebtedness in Q1 FY25.
Source: BSE
