After a healthy response for the IPO, Aadhar Housing Finance is likely to finalise the share allotment tomorrow. The issue was booked nearly 26 times at close. Investors can check the status of their share allotment on the BSE or even by logging in to the registrar’s website.
Firstly, here’s how you can know the status on BSE
Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)
Step 2: Please select the issue name, that is the company’s name in the drop-down.
Step 3: Enter the application number or PAN number to check the allotment status.
To check the status of Aadhar Housing Finance IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.
Step 1: Visit the Kfin Technologies website (https://rti.kfintech.com/ipostatus/)
Step 2: Select Aadhar Housing Finance IPO
Step 3: Enter the PAN details and click search to know the status
Aadhar Housing Finance GMP
In the unlisted market, the company’s shares are trading with a premium of Rs 70 against the issue price of Rs 315, translating to a listing gain of 22%.
Ahead of the issue opening, the company raised nearly Rs 899 crore from anchor investors.
The IPO comprised a fresh equity issue worth up to Rs 1,000 crore and an offer for sale (OFS) of up to Rs 2,000 crore by existing investors.
The funds raised through the fresh issue would be used for general corporate purposes and to meet future capital requirements towards onward lending.
Aadhar Housing Finance is one of the largest low-income housing finance companies in India servicing the home financing needs of the low income sections of society. Aadhar endeavors to empower underserved millions to own their first homes.
The erstwhile Aadhar Housing Finance Limited was incorporated in 2010 and later amalgamated with DHFL Vysya with effect from 20th November 2017 and subsequently name changed to Aadhar Housing Finance Limited. With the merger of DHFL Vysya and Aadhar Housing Finance, Aadhar is one of the few players that has a pan-India presence.
For the period ended December 2023, the company clocked revenue from operations of Rs 658.5 crore and posted a profit after tax of Rs 203.4 crore.
ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and Securities (India), and SBI Capital Markets are the book-running lead managers to the issue.
