Aadhar Housing Finance IPO: Aadhar Housing Finance IPO will open on May 8. Under the IPO, new shares worth Rs 1,000 crore will be issued and an offer for sale (OFS) worth Rs 2,000 crore will be made.
Aadhar Housing Finance IPO: IPO of a housing finance company is going to come in the second week of May, whose value is Rs 3000 crore. The Rs 3000 crore initial public offer (IPO) of leading private equity company Blackstone-backed Aadhar Housing Finance Limited will open on May 8 and close on May 10. According to the IPO document submitted with SEBI, anchor investors will be able to bid for shares on May 7. Aadhaar Housing Finance got approval from SEBI for IPO this month.
What will be the outline of IPO?
Under the IPO, new shares worth Rs 1,000 crore will be issued and an offer for sale (OFS) worth Rs 2,000 crore will be made by BCP Topco 7 Private Limited, a subsidiary of Blackstone Group Inc. At present, BCP Topco, backed by world’s leading investment company Blackstone, has 98.72 percent stake in Aadhaar Housing and ICICI Bank has 1.18 percent stake.
Special features of IPO
The company will use the amount of Rs 750 crore received from the IPO for future capital needs. The company had filed draft papers with SEBI in February 2024 this year. The company was also given approval by SEBI to raise Rs 7000 crore through IPO in May 2022. However, at that time the company had postponed the decision to launch an IPO. After this the news came that the value of IPO would be Rs 5000 crore but now it has been approved to bring a public issue of Rs 3000 crore.
How was the company’s performance in the financial year 2022-23
Aadhar Housing Finance Limited had the maximum number of live accounts in the financial year 2022-23. The company mainly provides its services to the economically weaker and middle-income group people. ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital, Nomura Financial Advisory and SBI Capital are the bookrunning lead managers of the IPO.
