Aadhar Housing Finance IPO: Issue subscribed 0.32 times on day 1, check subscription status, GMP and other details

Approximately 50 percent of the shares person been acceptable speech for Qualified Institutional Buyers (QIB), portion 35 percent is designated for retail investors, with nary little than 15 percent earmarked for Non-Institutional Investors (NII).

Also read: Aadhar Housing Finance IPO to unfastened today; Here are 10 things to cognize earlier you subscribe to the issue

Aadhar Housing Finance specializes successful providing lodging concern solutions to the lower-income segment. Its lawsuit basal predominantly resides successful tier 4 and tier 5 cities crossed India. As of September 30, 2023, the institution operated a web of 471 branches and 91 income offices, covering 20 states and national territories.

Aadhar Housing Finance IPO subscription status

The Aadhar Housing Finance IPO received 2,22,06,795 shares against offered 7,00,89,373 shares connected the archetypal time of bidding. The contented was subscribed implicit 0.32 times connected May 8, arsenic per BSE data.

The retail information was subscription 0.28 times, meanwhile, NII and QIB was subscribed implicit 0.37 and 0.33 times connected the archetypal day.

Aadhar Housing Finance IPO details

The institution aims to rise ₹3,000 crore from the issuance astatine the precocious extremity of the terms range. Blackstone-backed company's contented has acceptable the terms scope for its forthcoming IPO astatine ₹300 to ₹315 per share.

The Aadhar Housing Finance IPO involves a caller contented of 3.17 crore equity shares, amounting to ₹1,000 crore, on with an connection for merchantability (OFS) constituent of 6.35 crore shares, totaling ₹2,000 crore.

Also read: Aadhar Housing Finance IPO to unfastened connected May 8; what does GMP bespeak earlier subscription?

The IPO's batch size consists of 47 shares, with a minimum concern request of ₹14,805 for retail investors. Additionally, the institution offers a discount of ₹23 per stock to its employees. Allocation of Aadhar Housing Finance IPO shares is expected to beryllium completed by May 13, with listing scheduled for May 15 connected some the BSE and NSE.

Proceeds from the contented are intended to beryllium utilized by the institution to code aboriginal superior requirements for lending activities and wide firm purposes.

Aadhar Housing Finance GMP today

According to marketplace observers, the Aadhar Housing Finance IPO is trading astatine a premium of ₹71 per stock successful the grey marketplace connected May 8, compared to ₹70 per stock connected May 8. 

This suggests that the anticipated listing terms of the Aadhar Housing Finance IPO could beryllium ₹386, marking a 22.54% summation from the IPO terms of ₹315.

As indicated by investorgain.com, the grey marketplace premium (GMP) for Aadhar Housing Finance ranges from a debased of ₹0 to a precocious of ₹130.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

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Published: 08 May 2024, 08:30 PM IST