08 May 2024
Aadhar Housing Finance IPO opens for subscription today (Wednesday, May 8), and will end on Friday, May 10. The IPO priceband for the Blackstone-backed business is set at ₹300 to ₹315 per share. Aadhar Housing Finance IPO raised ₹898 crore from anchor investors on Tuesday, May 7. Bids can be placed for multiples of 47 shares, with a minimum bid of 47.
Aadhar Housing Finance IPO has allocated retail investors 35% of the issue size, non-institutional investors (NIIs) 15%, and qualified institutional buyers (QIBs) 50% of the issue size. The company is offering a discount of ₹23 per share to its employees. Aadhar Housing Finance Limited is a housing finance firm that was founded in 2010 with an emphasis on lower income groups.
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