SEBI approves Aadhaar Housing Finance to launch IPO, plans to raise Rs 5,000 crore

Aadhaar Housing Finance IPO: Housing Finance Company Aadhaar Housing Finance Limited (Aadhaar Housing Finance Limited) Stock market regulator Securities Exchange Board of India (SEBI) has approved the launch of the IPO. Aadhaar Housing Finance is gearing up to raise Rs 5,000 crore from the market through its proposed IPO. The company had filed draft papers with SEBI in February 2024 this year.

Aadhaar Housing Finance Limited had earlier filed draft papers with SEBI to launch an IPO in January 2021. The company was also approved by SEBI to raise Rs 7,000 crore through an IPO in May 2022. However, at that time the company postponed the decision to launch the IPO.

Aadhaar Housing Finance, backed by global investment firm Blackstone, will raise Rs 1,000 crore in its fresh IPO plan by issuing new shares while Rs 4,000 crore will be raised through an offer fall sale. Company promoter BCP Topco will sell its stake through an IPO. Blackstone’s BCP Topco holds 98.7 percent stake in Aadhaar Housing Finance.

BCP will use the proceeds from the IPO for capital requirements and future borrowings by Topco along with corporate operations. Aadhaar Housing Finance offers housing loans to the low income segment for ticket sizes below Rs 15 lakh. In the half-year ended September 2023, the assets under management (AUM) and net worth of Aadhaar Housing Finance have been the highest among its segment companies.

Aadhaar Housing Finance Limited had the highest number of live accounts in FY 2022-23. The company mainly provides its services to economically weaker and middle income group people. ICICI Securities, Citi Group Global Markets, Kotak Mahindra Capital, Nomura Financial Advisory and SBI Capital are the book-running lead managers of the IPO.

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