Aadhaar Housing Finance IPO will open on May 8: Company wants to raise ₹3,000 crore, retail investors can invest minimum ₹14,805

The initial public offering i.e. IPO of finance company Aadhar Housing Finance Limited will open on May 8. The company wants to raise Rs 3,000 crore through this. In this IPO, the company will issue 3.17 crore new shares for ₹1,000 crore. At the same time, through Offer for Sale i.e. OFS, the company will raise ₹ 2,000 crore by selling 6.35 crore shares. Retail investors will be able to bid for this IPO from May 8 to May 10. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on May 15. If you are also planning to invest money in this IPO, then we are telling you how much you can invest in it… What is the minimum and maximum amount you can invest? The company has fixed the price band of this IPO at ₹300 to ₹315 per share. If you apply for 1 lot at the upper price band of IPO at ₹315, you will have to invest ₹14,805. Retail investors can bid for a maximum of 13 lots i.e. 611 shares, for which they will have to invest ₹ 199,892. 35% share reserved for retail investors. Maximum 50% share of the company IPO has been reserved for Qualified Institutional Buyers (QIB). Apart from this, minimum 35% share is reserved for retail investors and the remaining 15% share is reserved for non-institutional investors (NII). Aadhar Housing Finance Limited, a company that provides housing loans to low-income people, was formed in 2010. The company provides housing loans to low income people. The company mainly serves customers in Tier 4 and Tier 5 cities of the country. The company provides mortgage loans for the purchase and construction of housing and commercial properties. As per data till September 30, 2023, the company has a network of 471 branches including 91 cell offices in 20 states of the country.

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