Aadhar Housing Finance IPO subscribed over 26 times on day 3: Check subscription status and other key details

Aadhar Housing Finance Limited IPO received a strong demand from the investors on the final day of subscription on Friday, May 10. The book-built issue worth ₹3,000 crore was subscribed by an impressive 26.76 times with overall biddings for 178.65 crore shares against 6.67 crore shares on offer, according to NSE data.

The IPO comprised a fresh issue of 3.17 crore shares, amounting to ₹1,000 crore, along with an offer for sale (OFS) of 6.35 crore shares, aggregating to ₹2,000 crore.

The Qualified Institutional Buyers’ (QIB) category was booked 76.41 times with biddings for 145.22 crore shares against 1.9 crore shares set aside for the category. The Non-Institutional Investors’ (NII) category was booked 17.32 times with applications for 24.69 crore shares against 1.42 crore shares on offer.

The retail investors applied for more than 8.57 crore shares against 3.32 crore shares on offer for the category, subscribing the segment 2.57 times.

In the employees’ category, the public issue was booked 6.52 times, with bids for 16.48 lakh shares received against 2.52 lakh shares on offer.

Aadhar Housing Finance IPO allotment, listing and other details The Aadhar Housing Finance IPO opened for subscription on May 8.

The issue’s allotment process is likely to be finished by May 13. The initiation of refunds to unsuccessful applicants and the crediting of shares to Demat accounts of successful bidders are scheduled to take place on May 14.

The IPO is then expected to list on the BSE and NSE, with a listing date of May 15.

For the Aadhar Housing Finance IPO, the book running lead managers are 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. Kfin Technologies Limited is the issue’s registrar.

Aadhar Housing Finance IPO price band

The IPO price band was fixed at ₹300-₹315 per share. The minimum lot size was 47 shares, amounting to a minimum investment ₹14,805 for retail investors.

Aadhar Housing Finance IPO objective

The net proceeds from the IPO would be used by Aadhar Housing Finance Limited to meet its capital requirements for inwards lending. Additionally, a portion of the revenues will be used for general corporate purposes.

About Aadhar Housing Finance

Aadhar Housing Finance Limited was founded in 2010. The company provides lower-income consumers with housing finance alternatives. Its portfolio includes a range of mortgage loan products for home improvement, building and buying of real estate. These products are intended for both residential and commercial use.

Operating throughout India, Aadhar Housing Finance covers tier-4 and tier-5 towns through a vast network of branches and sales offices. It has branches in 20 states and Union territories.