The initiation of Aadhar Housing Finance’s Initial Public Offering (IPO) on May 08 beckoned the retail investors for subscription, aiming to garner a substantial sum of Rs 3,000 crore through a blend of fresh issuance and offer for sale. The window for subscription will culminate on May 10.
Price Boundaries The establishment has delineated the price boundaries for the issuance, falling within the spectrum of Rs 300 to 315 per equity share. The finalization of allotments is anticipated by May 13, with the listing scheduled for May 15.
A Glimpse into Aadhar Housing Finance Specializing in extending housing loans to the economically disadvantaged strata, Aadhar Housing Finance boasts an extensive presence in the peripheral areas of tier 4 and 5 cities, facilitated by its deeply entrenched branches. The core operational focus lies in furnishing an array of mortgage loan offerings catering to both residential and commercial properties.
Set-Aside for Employees A dedicated allocation of 2,39,726 shares has been earmarked for the employees, presented at a discounted rate of Rs 23 vis-à-vis the issue price. Prospective retail bidders are required to apply for a minimum of 47 shares, translating to a sum of Rs 14,805.
Perspective from Experts Commenting on the matter, Rajan Shinde, Research Analyst at Mehta Equities, appraised Aadhar HFC’s burgeoning gross Assets Under Management (AUM) and net worth. These, coupled with a consistent average loan ticket size, signify robust financial stability and potential avenues for further expansion. Moreover, the burgeoning penetration into tier 4 and tier 5 locales portends auspicious growth prospects. Consequently, taking into account these multifaceted parameters, investors are encouraged to “Subscribe” to the issue, considering its long-term viability.
Book-Running Lead Managers (BRLMs) A consortium of five book-running lead managers are orchestrating the IPO proceedings for Aadhar Housing Finance, spearheaded by ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory & Securities, and SBI Capital Markets. Kfin Technologies has been entrusted with registrar duties for the endeavor.
