Aadhar Housing Finance IPO opens for subscription tomorrow - Check price band, subscription end date, lot size and other details

Aadhar Housing Finance IPO: The initial public offering (IPO) of private equity major Blackstone-backed Aadhar Housing Finance Ltd, is set to launch on May 8. According to the Red Herring Prospectus (RHP), the Rs 3,000-crore IPO will remain open for subscription for three days and close on May 10. 

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

Aadhar Housing Finance IPO: Here are key things you need to 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.