Aadhar Housing Finance IPO subscribed 1.48 times

The initial public offering https://www.ipindia.gov.in/ (IPO) of Aadhar Housing Finance https://aadharhousing.com/, which is backed by private equity major Blackstone, received 1.48 times subsciption on Thusrday, the second day of bidding. The Rs,3000 crore IPO got bid for 10,35,89,316 shares against 7,00,89,373 shares on offer,according to NSE data. Qualified Institutional Buyers https://www.angelone.in/finance-wiki/market-entities/qualified-institutional-buyers-qibs  (QIBs) portion received 2.05 times subscription while the quota for non-institutional investors got subscription while the quota for non-institutional investors got subscribed 1.9 times. The Retail Individual Investors ( RIIs) part received 94 percent subscription. 

 The IPO of Adhara Housing Finance is a combination of fresh issue of equity shares worth Rs 1,000 crore and an OFS (Offers for Sale) of Rs 2,000 crore by promoter BCP Topco VII Pvt Ltd, an affiliate of Blackstone Group Inc. Currently, BCP Topco holds a 98.72per cent stake in Aadhar Housing Finance. The three day IPO has a price range of Rs 300-315 a share. Aadhar Housing Finance Ltd on Tuesday said it has mobilised Rs 898 crore from anchor investors. 
The company benefits from the resources, relationships and expertise of Blackstone, one of the world's leading investment firms. ICICI Securities https://www.icicibank.com/, Citigroup Global Markets Indiahttps://www.citigroup.com/global , Kotak Mahindra Capital Company https://www.kotak.com/en/home.html, Nomura Financial Advisory and Securities https://www.nomuraholdings.com/company/group/asia/nfaspl.html (India), and SBI https://www.sbicaps.com/Capital Markets are the manager to the offer.
 

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