To join in on the current popularity of IPOs in the country, a big company in the housing finance industry plans to start selling its shares to the public.
Aadhar Housing Finance, a well-known company that helps people buy affordable houses, is getting ready to launch an IPO worth Rs 5000 crore.
They’ve submitted the necessary documents about their IPO to the market regulator SEBI.
Fresh equity shares of Rs 1000 crore and OFS of Rs 4000 crore
As per the details, new company shares valued at Rs 1000 crore will be made available in the upcoming IPO of Aadhar Housing Finance.
Additionally, Rs 4000 crore will be released through Offer for Sale (OFS). In this sale, the main owner, BCP Topco 7 Pte, will sell a part of its ownership.
BCP Topco is connected to Blackstone, and currently, it owns 98.7 percent of Aadhar Housing Finance.
Has the support of veteran investment company Blackstone
Blackstone is a really big investment company worldwide. BCP Topco, connected to Blackstone, gets advantages from Blackstone’s help, connections, and knowledge.
Aadhar Housing Finance will use the money from this IPO to fulfill future needs for money and company goals.
The company is a big player in the low income housing segment
Aadhaar Housing Company helps people with low incomes find homes. They give loans for houses that cost less than Rs 15 lakh.
In the six months until September 2023, this company had the most money and valuable things compared to other companies that help with homes.
The company offers different kinds of loans. In addition to helping people buy houses, Aadhar Housing Finance provides loans for building or improving homes.
They also offer loans for constructing and buying commercial properties. T
he company mainly helps customers with lower incomes. Aadhar Housing Finance has 471 branches and 91 sales offices.
According to CRISIL, there were the highest number of live accounts in 2023
According to information from CRISIL, the company had the most active accounts in the financial year 2023. On average, the company provides loans of Rs 9 lakh per loan.
ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital, Nomura Financial and Securities (India), and SBI Capital are the main managers for the company’s IPO.
