Submitted by admin on May 19th, 2024
Shares of Aadhar Housing Finance Ltd became disappointing for investors following its Dalal Street Debut on Wednesday. The stock was listed at Rs 315 on NSE, which is only its issue price. Similarly, the stock started its debut on a flat note on BSE at Rs 314.30, a slight discount of 0.22 percent.
Aadhar Housing Finance Listing has been in the opposite direction. Before its listing, Aadhar Housing Finance Shares were commanding a grey market premium of Rs 48-50 per piece over the given issue price, implying a listing pop of about 15 percent for the investors. The premium in the unofficial market was at Rs 75-80 on the final day of the bidding process.
Bengaluru-based Aadhar Housing IPO was sold in the fixed price band of Rs 300-315 apiece with a lot size of 47 shares. The time for bidding was set between May 8 and May 10. The company raised Rs 3,000 crore through its primary offering, including a fresh share sale of Rs 1,000 crore and an OFS (offer-for-sale) of up to 6, 34,92,063 equity shares.
The issue witnessed a solid bidding. There was an overall subscription of 25.49 times. There was a solid booking of 72.78 times regarding the quota for qualified institutional bidders (QIBs). The quota for non-institutional investors registered 16.80 subscriptions. The portions reserved for employees and retail investors witnessed bidding 6.52 times and 2.46 times respectively, during the three-day bidding process.
Aadhar Housing Finance, which was incorporated in 2010, is a housing finance company that targets the lower-income section of society. The branches’ sales offices want to cater to the customers in tier 4 and tier 5 towns of India. It provides different mortgage loan products for residential and commercial property construction and purchase, home improvement, and extension.
Citigroup Global Markets India, ICICI Securities, Kotak Mahindra Capital, Nomura Financial Advisory, and SBI Capital Markets are the running lead managers of the Aadhar Housing Finance IPO, while Kfin Technologies works as the registrar.
Int Rates : 10.5% - 22%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure - 7 Years
Lowest EMI : ₹ 1,686
Interest Rate 13.99% - 24.99%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 5 Years
Lowest EMI : ₹ 2,326
Interest Rate 9% - 13%
Loan Amount: ₹ 1,00,000.00
Maximum Tenure – 20 Years
Lowest EMI : ₹ 1,014
Interest Rate 8.40% - 12%
Loan Amount : ₹ 1,00,000.00
Maximum Tenure – 35 Years
Lowest EMI – ₹ 739
It can be difficult to keep track of repayments if each lender has a different repayment amount or repayment date. There are two possibilities that may assist you: loan consolidation and also balance transfer. But which one can save you more mon....
Read More
It may be hard to keep track of several loans. When you have multiple EMIs, different interest rates, repayment dates and loan terms, it can become challenging to keep track of everything.When you're asking yourself how to pay off all your l....
Read More
Can you take out a personal loan if you already have a loan? Let us assume you qualify with the lender. The presence of an existing loan doesn't mean that your loan application will be denied. But before approving another loan, lenders will look....
Read More
Pioneering ease of access to Basic Banking & Financial Services in Rural India
