Aadhar Housing Finance IPO Subscription Status and Review

Aadhar Housing Finance IPO subscription is currently at 30%, according to BSE data. The IPO, which opened on May 8, is witnessing moderate interest from investors.

Aadhar Housing Finance, backed by Blackstone, offers financial services catering to lower income groups and focuses on Tier 4 and Tier 5 cities in India.

The IPO comes with a price band of Rs. 300 to Rs. 315 per share, aiming to raise Rs. 3,000 crores comprising both an OFS and a fresh issue of shares…

Aadhar Housing Finance has a network of 471 branches and serves about 10,926 pin codes across the country. The company witnessed a growth in PAT and revenue between March 31, 2022, and March 31, 2023.

The subscription data is showing a decent response from retail, NII, and QIB investors, with Bids opening for multiples of 47 shares.

The lead managers for the IPO are SBI Capital Markets Ltd., Nomura Financial Advisory, Kotak Mahindra Capital, Citigroup Global Markets, and Kfin Technologies is acting as the Registrar.

Given its financial performance and strategic vision, analysts recommend the IPO for long-term investors or those looking for exposure to the affordable housing market.