Aadhar Housing Finance IPO Date: Blackstone-backed Aadhar Housing Finance's initial public offer (IPO) is now open for subscription. The subscription for Rs 3,000 crore issue will remain open for three days. But should you apply to the IPO of the retail-focused housing finance company? Find out what Zee Business Managing Editor Anil Singhvi has to say about this IPO.

Aadhar Housing Finance IPO: Check Anil Singhvi's view

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Zee Business Managing Editor Anil Singhvi on Wednesday said that the Aadhar Housing Finance IPO is expected to have a better-than-reasonable listing. Singhvi also said that the company has strong promoters and investors should subscribe with a long-term view.

ALSO READ | Indegene IPO: Apply for big listing gain, says Anil Singhvi - Check Details

"I think this is one is a good IPO and investors should subscribe to it with a long-term view. However, one can make good money even in the short term and if markets remain positive, there are chances of big listing gains," he said.

Aadhar Housing Finance IPO: Positives

- Blackstone is a new and strong promoter 

- Experienced management

- Business model focuses on low-income housing segment, economically weaker and low-to-middle-income customers

- 100 per cent secured lending

- Attractive valuation

Aadhar Housing Finance IPO: Negatives

- Blackfund is a private equity player and will reduce its stake

Aadhar Housing Finance IPO buy or not? Here are key things investors must know

Aadhar Housing Finance IPO: Price Band

The retail-focused housing finance company has fixed a price band of Rs 300-315 per share.

Aadhar Housing Finance IPO: Lot Size

The minimum lot size for an application is 47 shares in one lot and in multiples thereof.

Aadhar Housing Finance IPO: Registrar

KFin Technologies Limited has been appointed as the official registrar of Indegene IPO.

Aadhar Housing Finance IPO: Book Running Lead Managers

ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), and SBI Capital Markets are the book-running lead managers to the issue.

Aadhar Housing Finance IPO: Allotment Date

According to the information available, the likely date for the allotment of shares is May 13 2024.

Aadhar Housing Finance IPO: Listing Date

According to the information available, the equity shares of the company will be listed on BSE, and NSE. They are expected to list on May 15.

The IPO is a combination of a fresh issue of equity shares worth Rs 1,000 crore and an offer for sale (OFS) of Rs 2,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc.

Currently, BCP Topco holds a 98.72 per cent stake in Aadhar Housing Finance and ICICI Bank owns a 1.18 per cent stake.

The company plans to utilise Rs 750 crore of the fresh issue proceeds to meet future capital requirements towards onward lending and a portion will also be used for general corporate purposes.