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 is looking to raise a total of Rs 3,000 crore via IPO route, which includes a fresh share sale of Rs 1,000 crore and an OFS of up to Rs 2,000 crore.
The IPO comprises a fresh issuance of equity shares valued at ₹1,000 crore, alongside an offer for sale of ₹2,000 crore by BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc, the promoter.
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.