Aadhar Housing Finance IPO Details. IPO Details date Review, IPO Status 2024 IPO Details. Aadhar Housing Finance Limited was incorporated in 1995.Aadhar Housing Finance IPO subscription opens from 8 May 2024 (Wednesday) and issue closes on 10 May 2024 (Friday). IPO Face value is Rs.10 per share. IPO. The lot size is 47 shares per lot. This is a Book Built Issue IPO. IPO Offer For Sale is 63,492,063 shares .
- Aadhar Housing Finance Total Issue Size is 63,492,063 shares and company wants to aggregate up to ₹ 3,000.00 Cr.
- Company Share Holding Pre Issue is 394,754,970 shares.
- Company Share Holding Post Issue will be 426,501,002 shares.
- This IPO is Listing at BSE NSE on 8 May 2024.
Kfin Technologies is the registrar of this IPO and ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and SBI Capital Markets are the book running lead managers of the Aadhar Housing Finance IPO,
Aadhar Housing Finance IPO Timeline :
- Aadhar Housing Finance IPO issue opens on 8 May and closes on 10 May 2024.
- Cut Off Time of UPI Payment is Friday by 5pm on 10 May 2024.
- IPO Issue Basis of Allotment is Monday 13 May 2024.
- Who did not get the allotment of shares, Refunds Initiation begins from Tuesday 14 May 2024.
- Who got the allotment, Shares will be Credited in their Demat Account by Wednesday 14 May 2024.
- Finally IPO lists on Wednesday May 15 2024.
This was the IPO timeline of Aadhar Housing Finance.
Aadhar Housing Finance IPO Reservations for Investor Categories :
The company has a total of 95,255,600 shares. Out of these, 19,003,176 shares (19.95%) are allocated to Qualified Institutional Buyers (QIB).
14,252,381 shares (14.96%)To Non-Institutional Investors (NII), 33,255,556 shares (34.91%) to Retail Individual Investors (RII), 239,726 shares (0.25%) are reserved for employees.
And 28,504,761 shares (29.92%) are allocated to Anchor investors. Among the RII category, 707,565 investors will receive a minimum of 47 shares each.
Aadhar Housing Finance IPO Lot Size Minimum to Maximum allotment for Investors :
- Retail Investor can apply for Minimum, 1 lot which has 47 shares and investing amount ₹ 14,805.
- Retail Investor Maximum apply for 13 lot, 611 shares, amount ₹ 192,465.
- Small HNI Investor Minimum 14 lot, 568 shares, amount ₹ 207,270.
- Small HNI Investor Maximum applies for 67 lot, 3149 shares, and amount ₹ 991,935.
- Big HNI Minimum applies for 68 lot, 3196 shares, and amount ₹ 1,006,740.
An Intro About Aadhar Housing Finance :
Established in 2010, Aadhar Housing Finance Limited specializes in providing housing finance solutions tailored to the needs of the lower income bracket.
Their sales offices, strategically located for maximum outreach, cater to the populace residing in tier 4 and tier 5 cities across India.
By September 30, 2023, the company had onboarded 12,221 Aadhar Mitras, incentivized with referral fees for facilitating customer loan acquisitions.
Offering a diverse range of mortgage loan products for both residential and commercial purposes, including property acquisition, construction, and home improvement, Aadhar Housing Finance Limited remains committed to meeting varied housing needs.
As of September 30, 2023, their extensive network comprised 471 branches, which encompassed 91 sales offices, spanning across 20 states and union territories. Operating within approximately 10,926 pin codes nationwide, their presence is widespread.
Employing 3,695 individuals as of September 30th, 2023, the company also oversees its subsidiary, Aadhar Sales and Services Private Limited.
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How to apply for Aadhar Housing Finance IPO Subscription ?
There are some simple steps to follow
- First go to your brokers website and login there
- 2nd after login see the IPO section and click there
- 3rd click the Aadhar Housing Finance IPO Service Bid button here
- 4th enter and confirm your UPI id here, Fill quantity and price than submit this application form.
- 5th Now visit your UPI app page and approve the amount transaction.
- 6th Now Finally IPO Bidding process is completed. Now you have subscribed for this IPO application