Aadhar Housing Finance IPO Day 2: GMP, subscription status, review. Should you subscribe to the issue?
₹300 to ₹315 per share. Tuesday, May 7, saw the Aadhar Housing Finance IPO raise Rs. 898 crore from anchor investors.
There is a minimum bid of 47 shares and bids can be made for multiples of 47 shares. Also Read: Aadhar Housing Finance IPO opens today: GMP, subscription status, review, other details. Apply or not? Retail investors has been allocated 35% of the issue size from the Aadhar Housing Finance IPO, followed by non-institutional investors (NIIs) at 15% and qualified institutional buyers (QIBs) at 50%.
Employees of the firm are eligible for a discount of ₹23 per share. Arun Kejriwal, the founder of Kejriwal Research and Investment Services, claims that the business was purchased from the DHFL group after they went bankrupt in the years between 2016 and 2017. While the organisation was dealing with a number of challenges, the firm that was bought was spotless and had no issues.
The firm is a house finance company that caps ticket sizes at ₹15 lakh and focuses on the low-income housing market. Also Read: Aadhar Housing Finance IPO: Issue subscribed 0.32 times on day 1, check subscription status, GMP and other details According to Kejriwal, the company's EPS for the year ending March 2023 was ₹13.8, or ₹13.4 on a fully diluted basis. The diluted earnings issue falls between the 22.4–23.5 PE range.
As of December 23, the company's net asset value is ₹107.6. At the top of the range, the price to book at this NAV is 2.92. The NAV would increase to ₹123.07 at the top of the band based on the post-issue, and the ratio would remain at 2.56 times the price to book.
This performed exceedingly well in comparison to the peer group. In the medium to long term, there is profit to be earned from this situation. Arun is of the
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