IPO News: The IPO, which will open on May 8, has already created a stir in the gray market.

New Delhi. The IPO of Aadhaar Housing Finance Ltd, a low-income housing loan provider, will open on May 8. The company wants to raise Rs 3000 crore through this. In this IPO, the company will issue new shares worth ₹ 1,000 crore, while through the Offer for Sale i.e. OFS, the company will raise ₹ 2,000 crore by selling 6.35 crore shares. Shares worth Rs 2,000 crore will be sold by promoter BCP Topco. BCP Topco Pte is a fund managed by affiliates of Blackstone Group. It has 98.72 percent stake in Aadhaar Housing Finance.

Retail investors will be able to invest in the Aadhaar Housing Finance IPO from May 8. This public issue will remain open till May 10. On May 15, the company’s shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company has fixed the price band for this IPO at ₹300 to ₹315 per share. Unlisted shares of Aadhaar Housing Finance are trading at a premium in the gray market.

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You have to invest a minimum of Rs 14,805.
Aadhaar Housing Finance IPO has 47 shares in one lot. According to the upper IPO price band of ₹ 315, if a retail investor applies for 1 lot, he has to invest at least ₹ 14,805. Retail investors can bid for a maximum of 13 lots, i.e. 611 shares, for which they have to invest Rs 199,892.

35 percent is reserved for retail investors.
A maximum of 50 percent of the company’s IPO is reserved for qualified institutional buyers (QIB). Apart from this, 35 per cent is reserved for retail investors and the remaining 15 per cent for non-institutional investors (NII).

Aadhaar Housing Finance IPO GMP
According to IPOWatch, a gray market tracking website, the unlisted shares of Aadhaar Housing Finance IPO are trading at a premium of Rs 130 in the gray market. This means if we look at the upper price band, Aadhaar Housing’s share price in the market could be Rs 445 per share. But, it should be noted here that it is not necessary that if the shares of an IPO are trading at a premium in the gray market, its listing should also be at a premium. The opposite can also happen.

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