Aadhar Housing Finance IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the Aadhar Housing Finance IPO is expected to be finalized on Monday, May 13, 2024. Aadhar Housing Finance IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.
Aadhar Housing Finance IPO price band is set at ₹300 to ₹315 per share. The minimum lot size for an application is 47 Shares. The minimum amount of investment required by retail investors is ₹14,805. The minimum lot size investment for sNII is 14 lots (658 shares), amounting to ₹207,270, and for bNII, it is 68 lots (3,196 shares), amounting to ₹1,006,740.
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 are the book running lead managers of the Aadhar Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.
| IPO Opening Date | May 08, 2024 |
|---|---|
| IPO Closing Date | May 10, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per share |
| IPO Price | ₹300 to ₹315 per share |
| Market Lot | 47 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 95,238,095 shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | 31,746,032 shares (aggregating up to ₹1,000.00 Cr) |
| Share holding pre issue | 394,754,970 |
| Share holding post issue | 426,501,002 |
| QIB Shares Offered | Not More than 50% of the Net Issue |
| Retail Shares Offered | Not Less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
Aadhar Housing Finance IPO opens on May 08, 2024, and closes on May 10, 2024.
| Basis of Allotment Date | May 13, 2024 |
|---|---|
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
Investors can bid for a minimum of 48 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 47 | ₹14,805 |
| Retail (Max) | 13 | 611 | ₹192,465 |
| S-HNI (Min) | 14 | 658 | ₹207,270 |
| S-HNI (Max) | 67 | 3,149 | ₹991,935 |
| B-HNI (Min) | 68 | 3,196 | ₹1,006,740 |
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment.
The deep impact branches' sales offices aim to serve customers in India's tier 4 and tier 5 towns.
As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans.
The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension.
As of September 30, 2023, the company has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
Aadhar Housing Finance IPO is a main-board IPO of 95,238,095 equity shares of the face value of ₹10 aggregating up to ₹3,000.00 Crores. The issue is priced at ₹300 to ₹315 per share. The minimum order quantity is 47 Shares.
The IPO opens on May 8, 2024, and closes on May 10, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Aadhar Housing Finance IPO opens on May 8, 2024 and closes on May 10, 2024.
Aadhar Housing Finance IPO lot size is 47 Shares, and the minimum amount required is ₹14,805.
You can apply in Aadhar Housing Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Aadhar Housing Finance IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024.
Check the IPO allotment status.
The Aadhar Housing Finance IPO listing date is not yet announced. The tentative date of Aadhar Housing Finance IPO listing is Wednesday, May 15, 2024
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Aadhar Housing Finance IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.