Aadhar Housing Finance Limited is set to launch its Initial Public Offering (IPO) worth Rs 3000 crore.
Important Dates
The IPO will be open for subscription from May 8 to May 10. Anchor investors will have the opportunity to bid for shares on May 7.
Details of the Offering
New Shares: Rs 1000 crore
Offer for Sale (OFS): Rs 2000 crore
Backing: Private equity company Blackstone
Under the IPO, new shares worth Rs 1,000 crore will be issued, backed by Blackstone.
Additionally, an offer for sale (OFS) worth Rs 2,000 crore will be brought by BCP Topco 7 Private Limited, a subsidiary of Blackstone Group Inc.
Utilization of IPO Proceeds
A portion of the IPO proceeds, amounting to Rs 750 crore, will be allocated towards the company’s future capital needs.
Regulatory Approval and Timeline
Aadhaar Housing Finance received approval from the Securities and Exchange Board of India (SEBI) for the IPO in April.
The company had initially applied for the IPO in February and received the conclusion letter from SEBI on April 5, allowing it to proceed with the IPO.
Book Running Lead Managers
ICICI Securities, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory & Securities (India) Private Limited, and SBI Capital Markets are the book running lead managers for the IPO.
