India, May 2 -- Aadhar Housing Finance Ltd. has announced public offering of 95238096 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 305.00 per share. The gross proceeds of the issue are expected to be Rs 3,00,000.00 lakhs.
The company's initial public offer (IPO) will open on 08 May 2024 and is expected to close on 10 May 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 300.00-315.00 per share.
The IPO includes a fresh Issue of 95238096 Equity Shares of the Company at an price of Rs 315.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 47 shares with bids in multiples of 47.
Aadhar Housing Finance Ltd. anticipates using the proceeds of the issue...