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1 min read 02 May 2024, 08:44 AM IST Trade Now
Aadhar Housing Finance IPO terms set has been fixed astatine ₹300 to ₹315 per share. At the precocious extremity of the terms band, the institution plans to rise ₹3,000 crore from the issue.
Aadhar Housing Finance IPO: The Blackstone Group-backed Aadhar Housing Finance is acceptable to motorboat its archetypal nationalist offering (IPO) connected May 8. The bidding for the connection volition reason connected May 10.
Aadhar Housing Finance IPO terms set has been fixed astatine ₹300 to ₹315 per share. At the precocious extremity of the terms band, the institution plans to rise ₹3,000 crore from the issue. Aadhar Housing Finance IPO comprises a caller contented of 3.17 crore equity shares aggregating to ₹1,000 crore and an connection for merchantability (OFS) constituent of 6.35 crore shares aggregating to ₹2,000 crore.
The IPO batch size is 47 shares and the minimum concern magnitude required by retail investors is ₹14,805.
The institution is offering a discount of ₹23 per stock to its employees.
Aadhar Housing Finance IPO allotment is expected to beryllium finalized connected May 13 and the shares of the institution volition database connected May 15 astatine BSE and NSE.
Read here: Blackstone-backed Aadhar Housing Finance IPO dates announced; cheque details
The institution proposes to utilize the nett contented proceeds to conscionable aboriginal superior requirements towards onward lending and for wide firm purposes.
ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory And Securities (India) and SBI Capital Markets are the publication moving pb managers of the Aadhar Housing Finance IPO, portion Kfin Technologies Limited is the IPO registrar.
Aadhar Housing Finance is simply a lodging concern institution targeting the little income segment.
The institution caters to its customers successful India’s tier 4 and tier 5 towns. As of September 30, 2023, the institution had a web of 471 branches, including 91 income offices dispersed crossed 20 states and national territories.
In the fiscal twelvemonth 2022-2023, Aadhar Housing Finance reported a nett net of ₹545.34 crore upon a gross of ₹2,043.52 crore.
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Published: 02 May 2024, 08:44 AM IST
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