Great News for Affordable Home investors: Aadhar Housing Finance's IPO begins!
Backed by the major real estate company Blackstone, Aadhar Housing Finance’s has announced that it is opening for subscription today. The public bidding comprises 3 days & it will come to end by May 10.
Before the IPO opens, the company secured 
898 crore from prominent anchor investors including Morgan Stanley, Global Markets, Invesco, Neuberger Berman, Whiteoak & CLSA Global Markets.
898 crore from prominent anchor investors including Morgan Stanley, Global Markets, Invesco, Neuberger Berman, Whiteoak & CLSA Global Markets.
The Head of Wealth at Swastika Investmart, Shivani Nyati has suggested this IPO is only suitable for increases risk investors looking long-term coverage to the sector of affordable homes.
As a note, Shivani stated that the Aadhar Housing Finance is driving HFC having highest AUM in its low-income sector. The group brags a rapid & wide-ranging branch network, well-organized systems & a right of entry to varied, cost-effective long-term funding.
Aadhar Housing Finance is one of the largest affordable housing finance company in India which offers a wide range of financial loans such as loans for purchasing residential properties, construction, renovation, extension, commercial property acquisition & construction.
Focused on Housing finance on a low-budget housing sector, Aadhar Housing Finance mainly serves for low to middle incomes & economically weaker users.
The share allocations for the company’s IPO will probably be concluded by May 13. Also the company’s shares will be enlisted on BSE, NSE with a temporary listing date allotted as May 15.
As of September 30, 2023, the company has a wide network of 471 branches including 91 sales offices.
