On May 8, Aadhar Housing Finance Limited's initial public offering (IPO) would be available to the general public. With Blackrock as a backer, the company wants to raise Rs 3,000 crore at a price point of Rs 300–315 per share.
The anchor book opens one day early on May 7th, and investors can subscribe to the IPO through May 10th.
Refunds are anticipated to begin on May 14th, following the conclusion of the subscription period, with the basis of allotment slated to be finalized on the same day. On May 15th, the firm is scheduled to launch on the stock exchange.
Ten things to be aware of regarding Aadhar Housing Finance's IPO
Duration of subscription: Subscriptions for Aadhar Housing Finance's IPO are being accepted from May 8 to May 10, 2024.
Price range: The Rs 300 to Rs 315 per equity share price range is chosen for the Aadhar Housing Finance first public offering.
The company's fundraising plan is to collect Rs 3,000 crore through this initial public offering (IPO) by issuing 3.17 crore new shares and offering 6.35 crore shares for sale.
Issuance division: The IPO consists of an offer for sale of 63,492,063 shares at a price of Rs 10, totaling Rs 2,000 crore, and a fresh issuance of 31,746,032 shares, amounting to Rs 1,000 crore.
Lot size: Aadhar Housing Finance is accepting applications from individual investors in lots of 47 business shares each.
Date of allocation: May 13, 2024 is anticipated to be the day on which the shares for the IPO are finalized.
Date of listing: On May 15, 2024, Aadhar Housing Finance shares will go public on stock markets.
Registrar: The Aadhar Housing Finance IPO is being registered through Kfin Technologies Limited.
Listing platforms: The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are the two proposed listing venues for the shares.
Grey market premium (GMP): As of May 2, at noon, the Aadhar Housing Finance IPO's GMP is Rs 90. The predicted listing price for the Aadhar Housing Finance initial public offering (IPO) is Rs 405, with a price band of Rs 315. This represents an expected percentage gain per share of 28.57%.
