Aadhar Housing Finance, a leading affordable housing financier backed by Blackstone, has secured approval from the Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO).
In a move set to boost the affordable housing sector in India, Aadhar Housing Finance has received approval from the SEBI to launch its initial public offering (IPO). The public offering will see Aadhar Housing Finance issue fresh shares worth Rs 1,000 crore.
Since the firm is backed by leading global investment firm Blackstone, the total shares for sale (OFS) to Rs 4,000 crore. This can cause a sudden shift in the overall hold of Blackstone in Aadhar Housing Finance’s company stakes.
Timelines
The deal cracked open after its draft of share sale documents in February 2024. However, that’s not its first! Aadhar Housing Finance had previously attempted an IPO in January 2021 and received SEBI approval in May 2022. But that was just for a year, so the company refiled the documents in 2024.
What Happens Next?
The funds raised through the IPO will be used for future lending activities and general corporate purposes. Other financial bulls, such as ICICI Securities, Kotak Mahindra Capital, Nomura, Citi, and SBI Capital, are advising Aadhar Housing Finance on the listing process.
Since, the demand for affordable housing in India is rising, market analysts believe that this IPO will be well-received by investors. Aadhar Housing Finance’s strong presence and spotless track record make it an attractive investment proposition.
Why Aadhar Housing Finance?
Aadhar Housing Finance is a leading player in the affordable housing segment. Its model caters to the needs of economically weaker and low-to-middle-income groups. The company offers a wide range of housing loan products, including loans for purchasing and constructing residential properties, home improvement and extension loans, and commercial property construction and acquisition.
As of now, Aadhar Housing Finance has 471 branches, including 91 sales offices.
The Brighter Side
From the poverty rate of 29%( in 2004) to less than 3% (in 2024), India’s economy has travelled a very long route. We are happy to say that our nation is growing steadily, thanks to everyone who worked for a brighter future. From individuals and groups to bigger firms and government bodies, all hands are on deck to give Bharat its golden wings back!
