Business
Aadhar Housing Finance IPO Opens for Subscription: Review and Analysis
Aadhar Housing Finance IPO has launched its subscription phase, providing investors an opportunity to acquire shares.
Aadhar Housing Finance is a financing company focused on mortgage loans for low-to-middle income groups in India.
The IPO is priced at ₹300 to ₹315 per share and includes an Offer for Sale (OFS) by the Blackstone Group.
SBI Capital Markets Limited, Nomura, Kotak Mahindra, and Citigroup are among the book running lead managers, with KFin Technologies Limited acting as the registrar.
The company plans to utilize the funds for general corporate purposes and expansion of its lending activities.