Aadhar Housing Finance IPO: From financials to key risks, here are 10 things to know from RHP before investing
₹300 to ₹315 per share. for each equity share having a face value of ₹10 for Blackstone backed housing finance Company. The investors need to apply for 47 shares and in multiples thereafter.
Aadhar Housing Finance IPO already had ensured Rs. 898 crore from anchor investors. Also Read- Aadhar Housing Finance IPO day 3: GMP, subscription status to review. Apply or not? In the Aadhar Housing Finance IPO, retail investors have been allocated 35% of the issue size, non-institutional investors (NIIs) 15%, and qualified institutional buyers (QIBs) allocation stans at 50%.
The ₹3,000.00 crore Aadhar Housing Finance IPO is a book-built offering. The issue consists of an offer to sell 6.35 crore shares, valued at an aggregate of ₹2,000.00 crores, and a fresh issue of 3.17 crore shares, valued at ₹1,000.00 crores. Aadhar Housing Finance has proposed to utilize the net Proceeds towards the following objectives (i) To meet future capital requirements towards onward lending; and (ii) General corporate purposes.
In addition, our Aadhar Housing Finance has highlighhted that it expects to receive the benefits of listing of the Equity Shares on the Stock Exchanges, which include enhancement of Aadhar Housing Finance brand name and creation of a public market for its Equity Shares in India. Aadhar Housing Finance concentrated on the Indian low-income housing market, for tickets size of less than ₹1.5 million. Aadhar Housing Finance highlighted that it had the highest AUM (assets under management) and net worth among its analyzed peers in six months ended September 30, 2023, according to CRISIL Additionally, it had the most active accounts in FY2023 based on the peer set that CRISIL examined.
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