Aadhar Housing Finance IPO closed after being subscribed...
Aadhar Housing Finance IPO closed after being subscribed...
Despite huge turmoil in the indian stock market and selling by foreign investors this week, the IPO of aadhar Housing Finance Limited has received a good response. Due to the strong support received from institutional investors on the last day of application, the IPO closed with 25.49 times subscription. The IPO has received a lackluster response from retail investors.
Institutional investors category subscribed 73 timesIn the IPO of aadhar Housing Finance, 1,99,53,332 shares were reserved for institutional investors. But applications have been received for 1,45,22,03,838 shares and this category has been subscribed a total of 72.78 times. 1,49,65,000 shares were placed for non-institutional investors and applications were received for 24,69,56,424 shares and the category was subscribed a total of 16.50 times.
Lackluster response from retail3,49,18,334 shares were reserved for retail investors and applications were received for a total of 8,57,36,601 shares and this category was subscribed 2.46 times. 2,52,707 shares were reserved for employees and this category was subscribed a total of 6.52 times. The IPO of aadhar Housing Finance has closed after being subscribed 25.49 times.
Target to raise Rs 3000 croreThe IPO of aadhar Housing Finance was opened on 8th May and 10th May 2024 was the last date to invest money in the IPO. For shares with data-face value of Rs 10, the price band has been fixed at Rs 300 to Rs 315 per share. The company has raised Rs 3000 crore through IPO. Rs 1000 crore has been raised by issuing new shares in IPO and Rs 2000 crore has been raised through offer for sale. aadhar Housing Finance has raised Rs 898 crore from anchor investors. Anchor investors include many big companies including Morgan Stanley Asia (Singapore) Pte Ltd, sbi Life Insurance Company, ICICI Prudential Life Insurance Company, hdfc Mutual Fund.
Despite huge turmoil in the indian stock market and selling by foreign investors this week, the IPO of aadhar Housing Finance Limited has received a good response. Due to the strong support received from institutional investors on the last day of application, the IPO closed with 25.49 times subscription. The IPO has received a lackluster response from retail investors.
Institutional investors category subscribed 73 timesIn the IPO of aadhar Housing Finance, 1,99,53,332 shares were reserved for institutional investors. But applications have been received for 1,45,22,03,838 shares and this category has been subscribed a total of 72.78 times. 1,49,65,000 shares were placed for non-institutional investors and applications were received for 24,69,56,424 shares and the category was subscribed a total of 16.50 times.
Lackluster response from retail3,49,18,334 shares were reserved for retail investors and applications were received for a total of 8,57,36,601 shares and this category was subscribed 2.46 times. 2,52,707 shares were reserved for employees and this category was subscribed a total of 6.52 times. The IPO of aadhar Housing Finance has closed after being subscribed 25.49 times.
Target to raise Rs 3000 croreThe IPO of aadhar Housing Finance was opened on 8th May and 10th May 2024 was the last date to invest money in the IPO. For shares with data-face value of Rs 10, the price band has been fixed at Rs 300 to Rs 315 per share. The company has raised Rs 3000 crore through IPO. Rs 1000 crore has been raised by issuing new shares in IPO and Rs 2000 crore has been raised through offer for sale. aadhar Housing Finance has raised Rs 898 crore from anchor investors. Anchor investors include many big companies including Morgan Stanley Asia (Singapore) Pte Ltd, sbi Life Insurance Company, ICICI Prudential Life Insurance Company, hdfc Mutual Fund.