SEBI approves Aadhaar Housing Finance IPO, Rs 5,000 crore to be issued

Aadhaar Housing Finance IPO: Aadhaar Housing Finance’s IPO has received SEBI approval. Along with this, the way has been cleared for the Rs 5,000 crore IPO of a home finance company operating in the affordable housing sector. Aadhaar Housing Finance resubmitted its IPO documents to market regulator SEBI on February 2. This company is backed by a major company like Blackstone.

Blackstone will sell its stake through an IPO.

Money Control has claimed in a report filed citing sources that the mega IPO has received approval from SEBI. Aadhaar Housing Finance will bring IPO in this financial year. According to the report, this IPO of the home finance company will involve an offer for sale of around Rs 4,000 crore along with fresh shares worth around Rs 1,000 crore. Through this, Blackstone will sell its stake. Aadhaar Housing Finance Company is looking to meet its future capital requirements through an IPO. ICICI Securities, Kotak Mahindra Capital, Nomura, Citi and SBI Capital have been appointed as advisors for this IPO.

It was also approved to launch the IPO in May 2022.

Earlier, Aadhaar Housing Finance filed IPO papers in January 2021. The company had also received approval to launch an IPO in May 2022. However, the company did not launch the IPO for a year. Due to which the period of approval was over. The company then had to resubmit the IPO documents to SEBI. Blackstone president and COO Jonathan Gray, who visited India recently, said, “We are still in the early stages. In future, the company may also venture into infrastructure, equity and private credit sectors.

Bajaj Housing Finance is also gearing up for a major IPO

Another major company in the housing finance sector, Bajaj Housing Finance, is also busy preparing for its IPO. A subsidiary of Bajaj Finance may launch an IPO worth around Rs 8,000 crore in the market. It has to launch this IPO due to RBI rules. Earlier in December 2023, India Shelter Finance entered the market with a Rs 1200 crore IPO.

Also read this

Pay hike: India Inc ready to give good pay hike, juniors will get attention.

Leave a Comment