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Aadhar Housing Finance IPO opens on May 8; what does GMP indicate before registration?

Housing finance company Aadhar Housing Finance initial public offerings (IPO) will open for subscription on May 8 and close on May 10. The IPO of the motherboard segment is set for 300 to 315 per share.

Prior to the issuance, Aadhar Housing Finance IPO charges a premium of 51 per share on the gray market on May 5 55 per share on May 4, according to market observers.

Also read: Aadhar Housing Finance IPO price band set at 300-315 per share; issue opening May 8

This means that the estimated listing price of Aadhar Housing Finance’s IPO could be 366, which is 16.19% more than the IPO price of 315.

According to, the lowest GMP is of Aadhar Housing Finance 0, while the highest GMP is 130.

IPO details of Aadhar Housing Finance

The company wants to increase 3,000 crore of the issue at the higher end of the price range. The Aadhar Housing Finance IPO involves a fresh issue of a total of 3.17 crore shares 1,000 crore, and an offer for sale (OFS) component of 6.35 crore shares, in total 2,000 crore.

The lot size for the IPO includes 47 shares, with a minimum investment threshold of 14,805 made mandatory for private investors. Moreover, the company offers a discount of 23 per share to its employees. The allotment of Aadhar Housing Finance’s IPO shares is expected to be completed on May 13, followed by their listing on May 15 on both the BSE and NSE.

The company intends to use the net proceeds from the issuance to meet future capital needs for further lending and general corporate purposes.

For the IPO of Aadhar Housing Finance, ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory And Securities (India) and SBI Capital Markets will act as lead managers, with Kfin Technologies Limited appointed as IPO. registrar.

Also read: Upcoming IPOs: 9 new public issues and 4 new listings planned for this week; view the full list here

Aadhar Housing Finance offers housing financing solutions for the lower income group. Its customer base is mainly in tier 4 and tier 5 cities across India. As of September 30, 2023, the company had a network of 471 branches, in addition to 91 sales offices, spread across 20 states and union territories.

For the financial year 2022-2023, Aadhar Housing Finance has achieved a net profit of 545.34 crore, generated from a turnover of 2,043.52 crore.

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