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  1. Aadhar Housing Finance IPO Listing: Shares close 5.4% higher at ₹332

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Aadhar Housing Finance IPO Listing: Shares close 5.4% higher at ₹332

SUMMARY

Aadhar Housing Finance IPO Listing: Shares of Aadhar Housing Finance Limited listed flat on NSE at ₹315, which is also the upper price band of the issue.

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Aadhar Housing Finance makes muted debut on stock exchanges, shares list flat

Aadhar Housing Finance IPO Listing Live Update at 03:40 pm: Aadhar Housing Finance Limited's shares closed at ₹332.2, up 5.4%, on the National Stock Exchange.
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Aadhar Housing Finance IPO Listing Live Update at 01:48 pm: Shares of the housing finance company were trading at ₹333, up 5.7%, on the NSE.
Aadhar Housing Finance IPO Listing Live Update at 12:48 pm: Trading stats
  • Stock price: ₹336.3
  • Open: ₹315
  • High: ₹342.7
  • Low: ₹292
  • Total m-cap: ₹14,343.8 crore
Aadhar Housing Finance IPO Listing Live Update at 11:43 am: Aadhar Housing Finance Limited's shares were trading at ₹338.7, up 7.5%, on the National Stock Exchange.
Aadhar Housing Finance IPO Listing Live Update at 10:46 am: Shares of the housing finance company were trading 0.5% higher at ₹316.6 on the NSE.
Aadhar Housing Finance IPO Listing Live Update at 10:08 am: On the BSE, shares of Aadhar Housing Finance Limited listed at discount of 0.2% at ₹314.3.
Aadhar Housing Finance IPO Listing Live Update at 10:00 am: Shares of Aadhar Housing Finance Limited listed flat on NSE at ₹315, which is also the upper price band of the issue.
Aadhar Housing Finance IPO Listing Live Update at 9:48 am: Utilisation of IPO proceeds

The company intends to utilise the net proceeds from the initial public offering to meet future capital requirements for lending and general corporate purposes.

Aadhar Housing Finance IPO Listing Live Update at 9:17 am: About Aadhar Housing Finance

The company provides mortgage-related loan products, including residential property purchase, construction and home improvement loans.

With 471 branches across India, Aadhar Housing Finance is focused on the low-income housing segment.

Aadhar Housing Finance IPO Listing Live Update at 8:50 am: Financials

Aadhar Housing Finance saw its revenue jump by over 18% in FY23 to ₹2,043 crore from ₹1,728.56 crore in the last fiscal. As for the nine months ended December 2023 (9M FY24), the company's revenue stood at ₹1,895.17 crore.

The profit after tax (PAT) rose 22% in FY23 to ₹545.34 crore as against ₹446.20 crore in FY22. For 9M FY24, PAT stood at ₹547.88 crore.

Aadhar Housing Finance IPO Listing Live Update at 8:32 am: Subscription details

The ₹3,000 crore Aadhar Housing Finance IPO was oversubscribed 25.49 times.

Bidding details

  • Qualified institutional buyers: 73 times
  • Non-institutional investors: 16.5 times
  • Retail individual investors: 2.46 times
Aadhar Housing Finance IPO Listing Live Update at 8:20 am: Shares of the housing finance company will be listed on bourses on Wednesday at 10 am.

Aadhar Housing Finance IPO Listing LIVE: Shares of Aadhar Housing Finance will debut on stock exchanges- the National Stock Exchange (NSE) and the BSE- on Wednesday, May 15.

The ₹3,000 crore issue of the Blackstone-backed firm was open for subscription from May 8 to May 10, and it was oversubscribed 25.49 times. The quota for qualified institutional buyers was booked 73 times, the non-institutional investors' segment was oversubscribed 16.5 times, and the retail portion received bids 2.46 times its size.

The IPO, which had set a price band of ₹300-315 per equity share, is a mix of fresh issuance of shares worth ₹1,000 crore, and an offer for sale (OFS) component of ₹2,000 crore by promoter Blackstone's affiliate BCP Topco VII Pte Ltd.

To know more about IPOs listing, schedule and upcoming IPOs, click here.

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