Aadhar Housing Finance IPO: Aadhar Housing Finance IPO subscribed 25.49 times on final day

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NEW DELHI: The preliminary public supply of Aadhar Housing Finance, which is backed by non-public fairness main Blackstone, obtained 25.49 times subscription on the closing day of the share-sale on Friday. The Rs 3,000 crore preliminary share-sale obtained bids for 1,78,65,45,247 shares in opposition to 7,00,89,373 shares on supply, based on knowledge obtainable with the NSE.
The Qualified Institutional Buyers (QIBs) half fetched 72.78 times subscription and the portion for non-institutional buyers obtained subscribed 16.50 times. The quota for Retail Individual Investors (RIIs) attracted 2.46 times subscription.
The IPO of Aadhar Housing Finance is a mixture of contemporary problem of fairness shares price Rs 1,000 crore and an OFS (Offer for Sale) of Rs 2,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc.
The three-day IPO had a value vary of Rs 300-315 a share.
Aadhar Housing Finance Ltd on Tuesday stated it has mobilised Rs 898 crore from anchor buyers.
The firm plans to utilise Rs 750 crore of the contemporary problem proceeds to fulfill future capital necessities in direction of onward lending, whereas a portion shall be used for normal company functions.
Aadhar Housing Finance provides a spread of mortgage-related mortgage merchandise, together with loans for residential property buy and building; residence enchancment and extension loans; and loans for business property building and acquisition.
The housing finance firm is concentrated on the low-income housing phase, serving economically weaker and low-to-middle-income clients, who require small-ticket mortgage loans. It has a community of 471 branches, together with 91 gross sales places of work, as of September 30, 2023.
The firm advantages from the sources, relationships and experience of Blackstone, one of many world’s main funding corporations.
ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), and SBI Capital Markets are the managers to the supply.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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