Aadhar Housing Finance's initial public offering (IPO) concluded 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.
Investors may see their allotment status online with ease. They just need to take a few easy procedures after logging onto the KFin Technologies or BSE websites.
Procedure to verify allocation using the BSE website:
Click here to see the official BSE website.
Select "Equity" by clicking.
From the list, choose '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
Check out the website of KFin Technologies.
Choose Aadhar Home Loans.
Enter the information after selecting Application Number/Demat Account/PAN.
Fill out the Captcha.
Press the 'SUBMIT' button.
Recent GMP for Aadhar Housing Finance's IPO
As of May 13, 2024, at 10:55 AM, the grey market premium (GMP) for the IPO is Rs 65. The predicted listing price is projected to be Rs 380, representing a possible gain of 20.63% per share, based on the upper price band of Rs 315 per share.
Details of the Aadhar Housing Finance IPO
The pricing 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 business will make its stock market 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.
The net proceeds from the initial public offering (IPO) will be used by the firm for general corporate purposes and to cover future capital requirements for lending activities.
Aadhar house financing Limited was founded in 2010 with the intention of serving lower-class consumers by offering house financing options.
With revenue rising by 18.22% and profit after tax (PAT) rising by 22.22% during the fiscal years ending March 31, 2023, and March 31, 2022, Aadhar Housing Finance Limited has demonstrated encouraging progress financially.
