Aadhar Housing Finance Ltd. is set to launch its Initial Public Offering (IPO) on May 8th, 2024. This mainline IPO aims to raise ₹3,000 crores through a fresh issue of ₹1,500 crores and an Offer for Sale (OFS) of ₹5,800 crores.
Aadhar Housing Finance IPO GMP
The Aadhar Housing Finance IPO will open for subscription from May 8-10, 2024, with allotment expected on May 13 and listing on May 15, 2024, on BSE and NSE.
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | To be announced (indicative date: May 15, 2024) |
| Face Value | ₹10 per share |
| Price Band | ₹300 to ₹315 per share |
| Lot Size | 47 Shares |
| Total Issue Size | 95,238,095 shares (aggregating up to ₹3,000.00 Cr) |
| Fresh Issue | 31,746,032 shares (aggregating up to ₹1,000.00 Cr) |
| Offer for Sale | 63,492,063 shares with a nominal value of ₹10 each, totaling up to ₹2,000.00 crore. |
| Employee Discount | Rs 23 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 394,754,970 |
| Shareholding Post-Issue | To be calculated after allotment (issued shares + pre-issue holding) |
The Aadhar Housing Finance IPO has a Grey Market Premium (GMP) of about ₹90 as of May 3, 2024, indicating a potential listing price higher than the issue price band of ₹300-315 per share. The minimum lot size is 47 shares, requiring ₹14,805 for retail investors.
Aadhar Housing Finance IPO Reservation Details
Aadhar Housing Finance’s IPO reservation follows the guidelines set by SEBI and aims for a balanced distribution among different investor categories.
QIB (Qualified Institutional Buyers):
- Offered: Not more than 50% of the Net Issue Size.
- Description: This category includes institutional investors like mutual funds, foreign institutional investors,insurance companies, etc.
Retail Investors:
- Offered: Not less than 35% of the Net Issue Size.
- Description: This category comprises individual investors who participate in the IPO directly.
- Retail investors have a guaranteed minimum allocation of 35%, ensuring wider public participation in the IPO.
NII (Non-Institutional Investors):
- Offered: Not less than 15% of the Net Issue Size.
- Description: This category includes wealthy individuals (High Networth Individuals – HNI) and corporate bodies that don’t fall under the QIB or Retail categories.
Aadhar Housing Finance IPO Timeline
The key events in Aadhar Housing Finance’s IPO timeline are:
- IPO Open Date: Wednesday, May 8, 2024
- IPO Close Date: Friday, May 10, 2024 – This is the last day to subscribe for IPO shares.
- Cut-off Time for UPI Mandate Confirmation: 5 PM on May 10, 2024 – Ensure your UPI mandate is confirmed by this deadline for seamless application processing.
- Basis of Allotment: Monday, May 13, 2024 – On this day, the company will finalize share allotment based on investor bids.
- Initiation of Refunds: Tuesday, May 14, 2024 – Unsuccessful applicants will receive a refund of their application money.
- Credit of Shares to Demat Account: Tuesday, May 14, 2024 – Allotted shares will be credited to your Demat account.
- Listing Date: Wednesday, May 15, 2024 (Tentative) – The shares are expected to start trading on the BSE and NSE on this day.
Aadhar Housing Finance IPO Lot Size
The Aadhar Housing Finance IPO follows a system for bidding on shares.
- Minimum Lot: Investors can apply for a minimum of 47 shares.
- Bidding in Multiples: Bids must be placed in multiples of the minimum lot size (47 shares). So, you can apply for 47, 94, 141 shares, and so on.
- Investment Amounts: The table below details the minimum and maximum investment based on investor category:
| Investor Category | Minimum Lots | Shares | Minimum Investment (₹) | Maximum Lots | Shares | Maximum Investment (₹) |
| Retail Investor | 1 | 47 | 14,805 | 136 | 6,391 | 192,465 |
| S-HNI (Small HNI) | 14 | 658 | 207,270 | 67 | 3,149 | 991,935 |
| B-HNI (Big HNI) | 68 | 3,196 | 1,006,740 | – | – | – |
- Retail Investors: The minimum investment is ₹14,805 for 47 shares, with a maximum of ₹192,465 for 6,391 shares, in multiples of the lot size.
- S-HNI (Small HNI): Requires a minimum of ₹207,270 for 658 shares, with a maximum of ₹991,935 for 3,149 shares, in multiples.
- B-HNI (Big HNI): The minimum investment is ₹1,006,740 for 3,196 shares, with no specified maximum limit as they can apply for larger lots.
Applying for Aadhar Housing Finance IPO GMP
To apply for the Aadhar Housing Finance IPO, follow the below mentioned steps:
- Login to your online broker’s platform.
- Access the IPO section and find Aadhar Housing Finance IPO.
- Specify the quantity of shares that you would like to purchase.
- Select UPI as the payment mode.
- You’ll be redirected to your UPI app for mandate confirmation.
- Approve the UPI mandate within the specified cut-off time (usually on the IPO closing date).
- With UPI, the application amount gets blocked in your bank account upon submitting the application. Funds are only debited if your bid is successful.