Aadhar Housing Finance made a private listing on the stock exchanges on May 15. The company’s shares were listed on the National Stock Exchange at Rs 315.
on the gray market
Aadhar Housing raised Rs 3,000 crore from investors by offering 95.2 million shares to them through a combination of fresh issue and offering.
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The lender said the proceeds will be used to meet future capital requirements for forward financing and other general corporate purposes.
About IPO
The company had set a price range of Rs 300-315 per share. At that time, retail investors had to bid for a minimum of 47 shares worth Rs 14,805.
The issue also had employee reservations of 2,39,726 shares, which were offered at a discount of Rs 23 from the issue price.
Citigroup Global Markets India
