The IPO, valued at ₹3,000 crore, saw strong interest during the May 8-10 subscription period with the public issue being booked 25.49 times.
The qualified institutional buyer segment was oversubscribed by 73 times, the non-institutional investor segment by 16.5 times and the retail category by 2.46 times.
The IPO included a fresh issue of shares worth ₹1,000 crore and an offer for sale (OFS) of ₹2,000 crore by promoter BCP Topco VII Pte Ltd, a subsidiary of Blackstone Group Inc. , which held a 98.72% stake.
The proceeds of ₹750 crore from the fresh issue will be used for future loans and general corporate purposes.
The IPO price band has been set at ₹300 to ₹315 per share, with a minimum lot size of 47 shares for retail investors.
The company raised ₹898 crore from 61 funds through an anchor book which was opened for a single day on May 7.
Bidders can check the IPO allotment status on the BSE and NSE websites as well as the Registrar’s website.
Steps to Check Aadhar Housing Finance IPO Allotment Status on Registrar Website
· Visit the official website of the Registrar: https://ris.kfintech.com/ipostatus/
· Select one of the links from link 1 to link 5
· On the new page, select “Aadhar Housing Finance” from the drop-down menu for the IPO name.
· Enter your PAN, Application Number or Demat Account
· Enter Captcha and click on the “submit” button.
You can also check the status of allotments on the official website of BSE or NSE using PAN and bank details.
Steps to Check IPO Allotment Status on BSE Website
· Visit the link: https://mock.bseindia.com/investors/appli_check.aspx
· Select shares as issue type.
· Select Aadhar Housing Finance IPO from the drop-down menu for the issue name.
· Enter PAN or application number
· Click the “I am not a robot” checkbox.
· Click the “Search” button.
Successful bidders can expect the shares to be credited to their Demat accounts by Tuesday, May 14, while redemptions for non-allottees will also be initiated on the same day. The listing of the shares on the stock exchange is provisionally scheduled for Wednesday, May 15.
Aadhar Housing Finance offers various mortgage loan offerings such as loans for purchase of residential properties, construction, home improvement, extension as well as construction and acquisition of commercial properties.
Specializing in the social housing segment, it targets economically weaker people and people with low or medium incomes who need small mortgage loans.
With a network of 471 branches, including 91 sales offices as of September 30, 2023, the Company draws on the resources, relationships and expertise of Blackstone, a leading global investment firm.
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