Liquidity Events
Aadhar Housing’s Rs.3,000-Cr IPO subscribed 25.49x
The initial public offer of Aadhar Housing Finance , which is backed by Blackstone, has received 25.49 times subscription. The INR 3,000 crore initial share-sale received bids for 1,78,65,45,247 shares against 7,00,89,373 shares on offer.The Qualified Institutional Buyers (QIBs) part fetched 72.78 times subscription and the portion for Non-Institutional Investors (NIIs) got subscribed 16.50 times. The quota for Retail Individual Investors (RIIs) attracted 2.46 times subscription.The IPO is a combination of fresh issue of equity shares worth INR 1,000 crore and an OFS (Offer for Sale) of INR 2,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc. The three-day IPO had a price range of INR 300-315 a share.ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory and Securities, and SBI Capital Markets were the managers to the offer.
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