Aadhar Housing Finance IPO: On day 1, the issue was subscribed 0.32 times; examine the information, including the GMP and subscription status.

Vaamanaa Sethi

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

Initial public offerings (IPOs) for the housing finance company Aadhar Housing Finance began accepting subscriptions on May 8 and end on May 10. The IPO of the Blackstone-backed business was 0.32 times subscribed.

About half of the shares are reserved for Qualified Institutional Buyers (QIB), and the remaining three-quarters are for ordinary investors.15% or more must be set aside for non-institutional investors (NII).

See also: Today’s IPO for Aadhar Housing Finance;

Before you subscribe to the issue, be aware of these ten points.
Lower-income consumers are the target market for Aadhar Housing Finance’s housing finance solutions. The majority of its clientele is found in India’s tier 4 and tier 5 cities. The corporation operates a network of 471 branches and 91 sales offices as of September 30, 2023, serving 20 states and union territories.
Status of IPO subscriptions for Aadhar Housing Finance

On the first day of bidding, the Aadhar Housing Finance IPO received 2,22,06,795 shares against the proposed 7,00,89,373 shares. According to BSE records, the issue was subscribed more than 0.32 times on May 8.
The retail share was 0.28 subscription. times, while on the first day, NII and QIB were subscribed more than 0.37 and 0.33 times, respectively.
Details of the Aadhar Housing Finance IPO

Through the offering at the top of the price range, the company hopes to raise ₹3,000 crore. The pricing range for the upcoming IPO of the Blackstone-backed company is set at ₹300 to ₹315 per share.
In the Aadhar Housing Finance IPO, 3.17 crore equity shares, valued at ₹1,000 crore, will be issued in addition to a 6.35 crore share offer for sale (OFS), worth ₹2,000 crore.

Also read: What does the GMP show before to subscription for the Aadhar Housing Finance IPO, which opens on May 8?
47 shares make up each lot in the IPO, and individual investors must invest a minimum of ₹14,805 to participate. The company also gives its employees a discount of ₹23 per share. It is anticipated that the Aadhar Housing Finance initial public offering (IPO) shares would be allocated by May 13. The BSE and NSE will list the shares on May 15.

The company plans to use the issue’s proceeds for general corporate purposes and to meet its future capital needs for lending activities.

Today’s GMP for Aadhar Housing Finance

Market watchers report that on May 8, the Aadhar Housing Finance IPO is trading at ₹71 per share on the grey market, up from ₹70 per share on the same day.
This implies that the Aadhar Housing Finance IPO’s expected listing price may be ₹386, which would represent a 22.54% gain from the IPO. ₹315 is the pricing.

The grey market premium (GMP) for Aadhar Housing Finance is ₹0 at low and ₹130 at high, according to investorgain.com.
A “grey market premium” denotes the willingness of investors to part with more money than the issue price.

Account opning link:

1. Groww Account- https://app.groww.in/v3cO/kyrp1zph
2. Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906