Aadhar Housing Finance IPO: Aadhar Housing Finance’s initial public offering (IPO) is scheduled to begin today (May 8). The offering, which includes new issues and offers for sale (OFS) shares, will close on May 10. The allotment basis for the Aadhar Housing Finance IPO will be finalized on May 13 and the shares will be credited to the demat account on May 14. The IPO will be listed on NSE and BSE on May 15.
Aadhar Housing Finance IPO: Price range
The price band for Aadhar Housing Finance IPO has been fixed at $300-315 per share.
Aadhar Housing Finance IPO: Offer details
The offering is a combination of newly issued shares of value $1,000 Crores and For Sale (OFS) $Promoter BCP Topco holds shares worth Rs 2,000 crore.
Aadhar housing finance IPO: Target
The company said the net proceeds from the IPO will be used to meet capital requirements and general corporate purposes.
Aadhar Housing Finance IPO: Lot size
Investors can bid for a minimum of 47 shares and multiples of 47 shares.The minimum investment amount for retail investors is $14,100, at the upper limit, the bid amount will be $14,805.
Aadhar Housing Finance IPO: Company Details
Aadhar Housing focuses on the low-income housing segment by providing small mortgage loans. The Bengaluru-based company has 487 branches across 20 states in India. Net profit increased by 22.5% year-on-year $544.8 billion for the year ended March 2023, with full-year net interest income growing 28.6% to $1,244.3 crore compared to the previous year.
Aadhar Housing Finance IPO: Lead Manager, Registrar
The lead managers of the IPO include ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and Securities (India) and SBI Capital Markets. The registration agency for this IPO is Kfin Technologies.
