Blackstone-backed Aadhar Housing Finance s IPO, priced at Rs 300-315/share, aims to raise Rs 3,000 crore. Subscription ends May 10. Valued at Rs 13,000 crore, the company serves low-income customers with average loan size of Rs 9 lakh.
Aadhar Housing Finance IPO is a mix of fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of Rs 2,000 crore worth of shares by promoter BCP Topco.
Aadhar Housing Finance IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of Rs 4000 crore. Under the OFS, promoter BCP Topco VII Pte will offload its stake. BCP Topco, which is the promoter, and an affiliate of funds managed by Blackstone, currently holds 98.7% of the pre-offer issued, subscribed, and paid-up equity share capital.