Aadhar Housing Finance IPO: Issue subscribed 0.32 times on day one; view subscription status, GMP, and other statistics

On the first day of bidding, the Aadhar Housing Finance IPO got 2,22,06,795 shares in response to an offer of 7,00,89,373 shares. According to BSE records, the issue was subscribed to more than 0.32 times on May 8.

Aadhar Housing Finance IPO GMP today .
The Aadhar Housing Finance IPO (initial public offering) began today (Wednesday, May 8) and will close on Friday, May 10.

The Aadhar Housing Finance IPO (initial public offering) opened for subscriptions on May 8 and will finish on May 10. The Blackstone-backed company’s initial public offering was 0.32 times subscribed.

Approximately 50% of the shares have been set aside for qualified institutional buyers (QIB), 35% for retail investors, and at least 15% for non-institutional investors (NII).

Read More: Aadhar Housing Finance IPO opens today 8 may: GMP, subscription status, review, other details. Apply or not?

Aadhar housing Finance focuses on offering house finance solutions to low-income individuals. Its consumer base is primarily concentrated in Tier 4 and Tier 5 cities throughout India. As of September 30, 2023, the corporation had a network of 471 branches and 91 sales offices across 20 states and union territories.

Read More: Aadhar Housing Finance IPO on May 8 : What provides GMP mean before becoming subscribers?

Aadhar Housing Finance IPO subscription status

On the first day of bidding, the Aadhar Housing Finance IPO got 2,22,06,795 shares in response to an offer of 7,00,89,373 shares. According to BSE records, the issue was subscribed to more than 0.32 times on May 8.

The retail component was subscribed 0.28 times, while the NII and QIB were subscribed 0.37 and 0.33 times, respectively, on the first day.

Aadhar Housing Finance IPO details

The company plans to raise ₹3,000 crore through an offering at the upper end of the pricing range. The Blackstone-backed company has set the pricing range for its upcoming IPO at ₹300–315 per share.

The Aadhar Housing Finance IPO includes a fresh issue of 3.17 crore equity shares (₹1,000 crore) and an offer for sale (OFS) component of 6.35 crore shares (₹2,000 crore).

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The IPO lot size is 47 shares, with a minimum investment requirement of ₹14,805 for regular investors. The corporation provides a discount of ₹23 per share to its employees. The allocation of Aadhar Housing Finance IPO shares is expected to be completed by May 13, with a May 15 listing on the BSE and NSE.

The proceeds from the offering are planned to be used by the company to meet future capital requirements for lending activities and other corporate purposes.

Aadhar Housing Finance GMP today

Market experts report that the Aadhar Housing Finance IPO is trading at a premium of ₹71 per share in the grey market on May 8, up from ₹70 on May 8.

The Aadhar Housing Finance IPO is expected to list for ₹386, up 22.54% from the previous IPO price of ₹315.

According to investorgain.com, the grey market premium (GMP) for Aadhar Housing Finance can range from ₹0 to ₹130.

The ‘grey market premium’ reflects investors’ willingness to pay more than the issue price.

Hi, My self Saurabh Singh

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