IPO screener: Last day to subscribe to Aadhar Housing Finance

The initial public offering (IPO) of Aadhar Housing Finance closes today. The issue has been subscribed 1.48 times so far. The IPO, at a price band of ₹300-315, has a market lot of 47 shares.

The initial public offering (IPO) of Aadhar Housing Finance closes today. The issue has been subscribed 1.48 times so far. The IPO, at a price band of ₹300-315, has a market lot of 47 shares.

The IPO received bids for 10.36 crore shares against 7 crore shares on offer (net off anchor portion).

The ₹3,000-crore IPO is a combination of a fresh issue of equity shares worth ₹1,000 crore and an OFS (offer-for-sale) of ₹2,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc.

Half of the issue size has been reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors, and the remaining 15 per cent for non-institutional investors. The issue includes reservation of up to 2,39,726 shares for employees offered at a discount of Rs 23 to the issue price.

Also read: Aadhar Housing IPO: Should you subscribe? 

The portion for QIBs was subscribed two times, while the quota for NIIs was bid 1.94 times and retail Investors 0.94 times. The employee portion received bids for 3.59 times.

Currently, BCP Topco holds a 98.72 per cent stake in Aadhar Housing Finance.

The company plans to utilise ₹750 crore of the fresh issue proceeds to meet future capital requirements towards onward lending, while a portion will be used for general corporate purposes.

As part of the IPO process, Aadhar Housing Finance Ltd has mobilised ₹898 crore from anchor investors. The company will allot 2.85 crore shares to 61 funds at ₹315 apiece.

Morgan Stanley Asia (Singapore) Pte Ltd, Amundi Funds, Neuberger Berman Emerging Markets Equity Fund, Theleme India Master Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis MF and Quant MF are among the anchor investors.

Aadhar Housing Finance offers a range of mortgage-related loan products, including loans for purchase of residential property and construction; home improvement and extension loans; and loans for commercial property construction and acquisition.

The housing finance company is focused on the low-income housing segment, serving the economically weaker and low-to-middle-income customers, who require small-ticket mortgage loans. It had a network of 471 branches, including 91 sales offices, as of September 30, 2023.

ICICI Securities, Citigroup Global Markets India Pvt Ltd, Kotak Mahindra Capital Company Ltd, Nomura Financial Advisory and Securities (India) Pvt Ltd and SBI Capital Markets are the book-running lead managers to the issue.

Like (0)
Previous May 9, 2024 4:12 pm
Next May 10, 2024 5:52 pm

Related posts

  • IPO screener.Aadhar Housing IPO : Blackstone-backed company to list shares today

    Shares of Aadhar Housing Finance will make their debut on the bourses on Wednesday. The company has fixed the IPO price at ₹315, at the upper end of the price range of ₹300-315.

    US Stocks Focus May 15, 2024
  • Lyft rose about 6.7% before the market opened. Q1 results exceeded expectations and its guidance for the second quarter was optimistic.

    Gelonghui, May 8 | U.S. ride-hailing giant Lyft (LYFT.US) U.S. stocks rose about 6.7% before the market opened, at $17.71

    US Stocks Focus May 8, 2024
  • Jerry Shares: Net profit in the first quarter of 2024 was 375 million yuan, a year-on-year increase of 6.84%

    Jerry Holdings (002353) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 2.131 billion yuan, a year-on-year decrease of 6.52%; net profit attributable to the parent company was 375 million yuan, a year-on-year increase of 6.84%; non-net profit after deducting 360 million yuan, a year-on-year increase of 4.89%; generated from operating activities Net cash flow was 209 million yuan, a year-on-year increase of 69.88%; during the reporting period, Jerry\’s basic earnings per share was 0.37 yuan, and the weighted average return on net assets was 1.93%.

    US Stocks Focus April 25, 2024
  • The Martian revealed that his trust investment had failed, and Huang Weibin failed in the first battle of his three-year growth target

    Source: Home K-line original Jin Wenyu At the beginning of 2023, when communicating with investors, Martian (300894.SZ) set a growth target for the next three years: from 2023 to 2025, revenue will be no less than 2.9 billion yuan, 35 billion, 4.2 billion yuan, and net profit shall not be less than 450 million yuan, 550 million yuan, or 680 million yuan. But in the first year, the Martians failed to achieve the goals they set. According to its just-released annual report data, Martian will achieve operating income of 2.139 billion yuan in 2023, a year-on-year decrease of 6.03%; it will achieve a net profit attributable to shareholders of listed companies of 247 million yuan, a year-on-year decrease of 21.39%. Neither revenue nor net profit reached the target value. In fact, Martian has experienced a decline in both revenue and net profit for two consecutive years. Its revenue and net profit have already declined by 1.81% and 16.29% respectively in 2022, and the decline will be even greater in 2023. Leju Finance has noticed that among the factors that affect…

    US Stocks Focus April 25, 2024
  • It’s time for next-gen capital market reforms: CEA Anantha Nageswaran

    Time has come for India to look at the next generation of capital market reforms that would particularly focus on shaping the country’s future debt market, Anantha Nageswaran, Chief Economic Advisor to the Finance Ministry, said on Friday.

    US Stocks Focus May 19, 2024
  • Fuda Alloy (603045.SH): Net profit in 2023 increased by 37.24% year-on-year to 40.8571 million yuan

    Gelonghui April 25 | Fuda Alloy (603045.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 2.792 billion yuan, a year-on-year increase of 27.31%; the net profit attributable to shareholders of the listed company was 40.8571 million yuan, A year-on-year increase of 37.24%; net profit attributable to shareholders of listed companies after excluding non-recurring gains and losses was 24.8703 million yuan, a year-on-year increase of 24.18%; basic earnings per share was 0.3016 yuan/share. The company plans to distribute a cash dividend of 0.61 yuan (tax included) to all shareholders for every 10 shares.

    US Stocks Focus April 25, 2024