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Aadhar Housing Finance, the country’s largest affordable home loan company based on assets under management (AUM), plans to raise Rs 1,000 crore through a fresh issue of shares to augment the capital base and up to Rs 2,000 crore through an offer for sale by the promoter BCP Topco, an affiliate of the Blackstone group.
Aadhar Housing Finance IPO is set to open on May 8, with the subscription period closing on May 10. The company aims to raise approximately Rs 3,000 crore through the public offer.
India Business News: Aadhar Housing Finance, backed by Blackstone, is launching an initial public offering (IPO) worth Rs 3,000 crore. You can subscribe to the IPO from May 8, and the price band has been fixed between Rs 300 and Rs 315.
Aadhar Housing Finance, which filed preliminary IPO papers with the markets regulator in February, has obtained its observation on April 5, an update with the Securities and Exchange Board of India (Sebi) showed.