Aadhar Housing Finance IPO GMP (Image Source: iStockphoto)
Aadhar Housing Finance is set to make waves in the financial market with its Initial Public Offering (IPO) worth Rs 3,000 crores. The IPO comprises a fresh issue of 3.17 crore shares valued at Rs 1,000 crores and an offer for sale of 6.35 crore shares worth Rs 2,000 crores.
Aadhar Housing Finance IPO Subscription Window
The bidding for the Aadhar Housing Finance IPO commenced on May 8, 2024, and concluded on May 10, 2024.
Aadhar Housing Finance IPO Allotment Date
The allotment process of Aadhar Housing Finance IPO is slated for finalisation on Monday, May 13, 2024.
Aadhar Housing Finance IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Aadhar Housing Finance IPO is trading between Rs 60 to Rs 70
Aadhar Housing Finance IPO Listing Date
The Aadhar Housing Finance IPO is scheduled to debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) tentatively on Wednesday, May 15, 2024.
Aadhar Housing Finance IPO Price Band
Investors had the opportunity to bid within a price band of Rs 300 to Rs 315 per share, with a minimum lot size of 47 shares. Retail investors were required to invest a minimum of Rs 14,805. Additionally, there were specific lot size investments for non-institutional investors (NII) and qualified institutional buyers (QIB).
The IPO includes a reserved portion of up to 239,726 shares for employees, offered at a discount of Rs 23 to the issue price.
Established in 2010, Aadhar Housing Finance Limited specializes in providing housing finance solutions tailored for the lower-income segment. The company operates through its deep impact branches and sales offices, strategically located to cater to customers in tier 4 and tier 5 towns across India.
As of September 30, 2023, Aadhar Housing Finance boasted a network of 12,221 Aadhar Mitras, who receive referral fees for facilitating customer loan applications. The company offers a diverse range of mortgage loan products catering to both residential and commercial property needs, including purchase, construction, home improvement, and extension loans
