Aadhar Housing Finance IPO Closing Today: Verify Subscription Status and GMP Today

The Aadhar Housing Finance IPO has garnered significant interest from investors, with the subscription reaching over 5 times the initial offering. As of 4:23 pm on the final day of bidding, the IPO had received bids for 26.72 times the shares on offer, totaling 1,78,38,03,878 shares against 6,67,50,839 shares available.

Backed by private equity major Blackstone, Aadhar Housing Finance has seen strong demand across different investor categories. Qualified Institutional Buyers (QIBs) subscribed 76.42 times, non-institutional investors 17.30 times, and Retail Individual Investors (RIIs) 2.51 times.

The IPO, which consists of a fresh issue of equity shares worth Rs 1,000 crore and an Offer for Sale (OFS) of Rs 2,000 crore by promoter BCP Topco VII Pte Ltd, is set to finalize share allotment on May 13 and list on both BSE and NSE on May 15.

In the grey market, unlisted shares of Aadhar Housing Finance are trading at a premium of Rs 59, indicating an expected 18.73% listing gain from the public issue. This premium reflects investors’ willingness to pay more than the issue price.

Aadhar Housing Finance offers a range of mortgage-related loan products catering to the low-income housing segment. With the support of Blackstone, the company aims to meet the housing needs of economically weaker and low-to-middle-income customers. ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), and SBI Capital Markets are the managers to the offer.