Mumbai, May 8 -- The initial public offer (IPO) of Aadhar Housing Finance received 3,04,53,979 bids for shares as against 7,00,89,373 shares on offer, according to stock exchange data at 17:00 IST on Wednesday (8 May 2024). The issue was subscribed 0.43 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 1,000 crore and an offer for sale aggregating up to Rs 2,000 crore from the promoter. The promoter shareholding in the company will decline to 83.9% post- IPO from 98.7% pre-IPO. ...