Aadhar Housing Finance IPO: Aadhar Housing Finance’s initial public offering (IPO) closed for public issue on May 10th, after receiving more than 26 subscriptions in total. A total of 26.76 times were subscribed to the IPO. 2.58 subscribers in the retail category, 76.42 subscribers in the Qualified Institutional Buyer (QIB) category, and 17.33 subscribers in the Non-Institutional Investor (NII) category subscribed to the public issue.
Checking Allotment Status Made Simple
Investors can access their allotment status online with ease. They just need to follow a few easy steps after logging into the KFin Technologies or BSE websites. Check Here:
Procedure to verify allotment via the BSE website
- Click Here to visit the BSE website
- Select “Equity” by clicking
- From the list, select ‘Aadhar Housing Finance’
- Enter your PAN card ID and application number
- Verify that you are human, then click submit
Procedures for using KFin Technologies Limited to check allotment
- Click Here to Go to the website of KFin Technologies
- Choose Housing Finance via Aadhar
- Enter the information after selecting Application Number/Demat Account/PAN
- Fill out the Captcha
- Press the ‘SUBMIT’ button
IPO Performance Analysis as of May 13, 2024
As of May 13, 2024, at 10:55 AM, the grey market premium (GMP) for the IPO is Rs 65. The estimated listing price is projected to be Rs 380, indicating a potential gain of 20.63% per share, based on the upper price band of Rs 315 per share.
IPO Price Range
The price range for the IPO is set at Rs 300–315 per share. By May 13, the allocation basis will be determined, and on May 15, the company will make its stock exchange debut.
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd, and SBI Capital Markets Limited are the book running lead managers for the Aadhar Housing Finance IPO.
Utilization of IPO Proceeds
The net proceeds from the initial public offering (IPO) will be used by the company for general corporate purposes and to cover future capital requirements for lending activities. Aadhar Housing Finance Limited was founded in 2010 with the intention of serving lower-class consumers by offering housing finance solutions.
With revenue rising by 18.22% and profit after tax (PAT) rising by 22.22% between the fiscal years ending March 31, 2023, and March 31, 2022, Aadhar Housing Finance Limited has demonstrated encouraging growth financially.
