Aadhar Housing Finance IPO opens today: GMP, subscription status, review, other details. Apply or not?

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₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.

Aadhar Housing Finance IPO has allocated retailinvestors 35% of the issue size, non-institutional investors (NIIs) 15%, and qualified institutional buyers (QIBs) 50% of the issue size. The company is offering a discount of ₹23 per share to its employees. Aadhar Housing Finance Limited is a housing finance firm that was founded in 2010 with an emphasis on lower income groups.

Customers in India's tier 4 and tier 5 towns are the target market for the sales offices of the deep impact branches. Also Read: Aadhar Housing Finance IPO to open tomorrow; Here are 10 things to know before you subscribe to the issue The firm enlisted 12,221 Aadhar Mitras as of September 30, 2023, who are paid referral fees for finding loans for their clients. The organisation offers a range of mortgage financing options for building, renovating, and buying residential and commercial real estate.

The corporation has an extensive network of 471 branches, including 91 sales offices, as of September 30, 2023. These branches and sales offices serve about 10,926 pin codes in India and are dispersed over 20 states and union territories. As per the Red herring prospectus (RHP), Aadhar Housing Finance's listed peers are Aptus Value Housing Finance India Ltd (with a P/E of 31.3), Aavas Financiers Ltd (with a P/E of 28.1), Home First Finance Company India Ltd (with a P/E of 34.9), and India Shelter Finance Corporation Ltd (with a P/E of 33.1).