May 2, 2024: Private equity player Blackstone backed Aadhar Housing Finance will launch its Rs 3,000 crore initial public offering (IPO) on May 8 which will be open for subscription till May 10. The price band for the issue has been fixed at Rs 300 – 315 per equity share.
According to the Red Herring Prospectus (RHP), the bidding for anchor investors will open for a day on May 7.
The Aadhar Housing Finance IPO consists of fresh issue of equity shares of around Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore by Blackstone Group’s affiliate BCP Topco VII Pte Ltd.
From this IPO, around Rs 750 crore of the fresh issue proceeds will be used by the Aadhar Housing Finance to meet future capital requirements towards onward lending and the remaining will be used for general corporate purposes, mention media reports.
Currently, in Aadhar Housing Finance, BCP Topco has 98.72% stake and ICICI Bank has 1.18% stake.
Aadhar Housing Finance IPO: Important dates
| Aadhar Housing Finance IPO date | May 8Â to May 10 |
| IPO issue size | Rs 3,000 crore |
| Price Band | Rs 300 to Rs 315 per equity share |
| Lot size | 47 shares |
| IPO allotment | May 13 |
| IPO refunds | May 14 |
| Credit of equity shares | May 14 |
| IPO listing | May 15 |
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
