Aadhar Housing Finance Limited
CLOSEDIPO Date: 8 May - 10 May 2024
Listing Date: 15 May 2024
Price Range
300 to 315 per share
Issue Size
3000 Cr
Min Investment
₹14,100
Lot Size
47 Shares
Schedule of Aadhar Housing Finance Limited
Issue open date
8 May 2024
Issue close date
10 May 2024
UPI mandate deadline
10 May 2024 (5 PM)
Allotment finalization
13 May 2024
Share credit
14 May 2024
Listing date
15 May 2024
Mandate end date
25 May 2024
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 3000 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 13 May 2024 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 15 May 2024 | ₹315 | ₹43 | ₹358 (13.65%) |
| 14 May 2024 | ₹315 | ₹48 | ₹363 (15.24%) |
| 13 May 2024 | ₹315 | ₹54 | ₹369 (17.14%) |
| 12 May 2024 | ₹315 | ₹77 | ₹392 (24.6%) |
| 11 May 2024 | ₹315 | ₹76 | ₹391 (24.13%) |
| 10 May 2024 | ₹315 | ₹71 | ₹386 (22.54%) |
| 9 May 2024 | ₹315 | ₹54 | ₹369 (17.14%) |
| 8 May 2024 | ₹315 | ₹71 | ₹386 (22.54%) |
| 7 May 2024 | ₹315 | ₹70 | ₹385 (22.22%) |
| 6 May 2024 | ₹315 | ₹73 | ₹388 (23.17%) |
| 5 May 2024 | ₹315 | ₹52 | ₹367 (16.51%) |
Performance Aadhar Housing Finance Limited
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| 300 to 315 per share | ₹ 1351 (4.59%) | ₹ 426.7 | 35.46% |
About Aadhar Housing Finance Limited
Incorporated in 2010, Aadhar Housing Finance Limited is a housing finance company targeting the lower income segment. The deep impact branches' sales offices aim to serve customers in India's tier 4 and tier 5 towns. As of Sept. 30, 2023, the company enrolled 12,221 Aadhar Mitras who get referral fees for sourcing customers' loans. The company provides a variety of mortgage loan products for residential and commercial property purchase and construction, home improvement and extension. As of September 30, 2023, the company has a vast network of 471 branches, including 91 sales offices. These branches and sales offices are spread across 20 states and union territories, and they operate in around 10,926 pin codes throughout India. As of September 30th, 2023, the company has 3,695 employees. Its subsidiary, Aadhar Sales and Services Private Limited (ASSPL), has 1,851 employees. The company has served 246,983 customers nationwide through 471 branches and offices.
| Founded in | 2010 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
Risks
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 76.42 |
| Non-Institutional Investors (NIIs) | 17.33 |
| Retail Individual Investors (RIIs) | 2.58 |
| Employee | 6.88 |
| Total | 26.76 |