Aadhar Housing Finance IPO got bidding a total of 3.31 times so far. May 10 is the last day of its subscription. The IPO opened for bidding on May 08.
The company’s IPO was subscribed 1.59 times in the retail category. While the QIB category was subscribed 4.33 times and the NII category 5.93 times
Aadhar Housing Finance wants to raise a total of Rs 3,000 crore from the investors by offering them 95.2 million shares.
Allotment and Listing
The allotment is expected to be finalised on May 13, with listing on the bourses – NSE and BSE – on May 15, tentatively scheduled.
Grey Market Premium
The company’s shares were fetching a premium of 18% over its issue price ahead of the listing.
Price Band
Aadhar Housing Finance kept the IPO price band in a range of Rs 300 to 315 per equity share. A retail buyer needs to bid for a minimum of 47 shares amounting to Rs 14,805 shares. While NII and QIB have different share lots.
Employee Reservation
The company has an employee reservation of 2,39,726 shares, which is offered to them at a discount of Rs 23 per piece.
BRLM
ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory & Securities (India), and SBI Capital Markets are managing the book of Aadhar Housing Finance’s IPO. While Kfin Technologies has been chosen as the registrar for the issue.