Aadhar Housing Finance Limited

08 May 2024 - 10 May 2024 Individual Category NSE

Min Investment

₹28200

Price Band

₹300-₹315

Issue Size

700.89 lakhs
Equity Shares

Lot Size

47 (per lot)

IPO Dates
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08 May 2024

Open Date

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10 May 2024

Close Date

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13 May 2024

Allotment Date

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15 May 2024

Listing Date

Aadhar Housing Finance IPO is open for subscription starting Wednesday, May 8, 2024, and closing on Friday, May 10, 2024. The price is decided at Rs 300 to Rs 315 per share. The minimum lot size for the retail category is 47 shares. The minimum lot size for small NII is 14 lots consisting of 658 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 3,196 shares. The minimum investment required for retail category investors is Rs 14,805 ( 570 x 26 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,07,270 (315 x 658 shares); for big non-institutional investors, it is Rs 10,06,740 (351 x 3,196 shares).  Aadhar Housing Finance IPO is a book-built issue of Rs 3,000 crores. This issue is a combination of fresh issue and offer for sale. The fresh issue is of 3.17 crore shares amounting to Rs 1,000 crore and OFS of 6.35 crore shares amounting to Rs 2,000 crore. The allotment for this IPO is expected to be finalised on Monday, May 13, 2024. Aadhar Housing Finance Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead managers of Aadhar Housing Finance Limited are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Limited, Nomura Financial Advisory And Securities India and SBI Capital Markets Limited. The registrar for this new IPO is Kfin Technologies Limited.

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About Aadhar Housing Finance Limited

Aadhar Housing Finance Limited was  incorporated in 2010, is a housing finance company targeting the lower income segment. It was merged into DVHFL on 20 November 2017 and renamed Aadhar Housing Finance Limited. The company provides a wide variety of loan products for residential and commercial property purchase and construction, home renovation etc.  As of September 30, 2023, the company had a vast network of 471 branches including 91 sales offices. Their branches and sales offices spreaded across 20 states and union territories. The company operates in around 10,926 pin codes throughout India. As per latest record, the company has 3,695 employees. It also had a subsidiary company named Aadhar Sales and Services Private Limited which had 1,851 employees. The deep impact branches' sales offices aim to serve customers in India's tier-4 and tier-5 towns. Aadhar Housing Finance had served 2,46,983 customers nationwide through 471 branches and offices. 

Founded

2010

Managing Director

Deo Shankar Tripathi

Parent Organization

IPO Objectives

The net amount received from this initial public offer will be used to fulfil the capital requirements toward onward lending. Additionally, the amount will be utilised in general corporate purposes.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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