The Securities and Exchange Board of India (Sebi) has given its approval for the Rs 5,000-crore initial public offering (IPO) of Aadhar Housing Finance. The proposed IPO will combine a fresh issue of shares of up to Rs 1,000 crore and an offer for sale of Rs 4,000 crore.
The retail-focused housing finance company focusses on the low-income housing segment with a loan ticket size of less than Rs 15 lakh. The average ticket size as on September 30, 2023, was Rs 9 lakh with an average loan-to-value of 58.1%.
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The objective of the fresh issue is to meet future capital requirements and towards onward lending and general corporate purposes.Come from Sports betting site
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ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, Nomura Financial Advisory and Securities (India), and SBI Capital Markets are the bookrunning lead managers for the IPO.
