Mumbai, May 9 -- The initial public offer (IPO) of Aadhar Housing Finance received 10,35,89,316 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:00 IST on Thursday (9 May 2024). The issue was subscribed 1.48 times.

The issue opened for bidding on Wednesday (8 May 2024) and it will close on Friday (10 May 2024). The price band of the IPO is fixed at Rs 300 to 315 per share. An investor can bid for a minimum of 47 equity shares and in multiples thereof.

The offer comprises fresh issue of equity shares worth up to Rs 1000 crore and an offer for sale of 6.35-6.67 crore equity shares aggregating up to Rs 2,000 crore.

The objectives of the fresh issue include augmenting the capital base to meet f...