Aadhar Housing Finance step up for IPO to raise Rs 5000 cr
Blackstone-owned leading affordable housing finance company, Aadhar Housing Finance has filed its draft paper with market regulator SEBI to raise around Rs 5,000 crore through an IPO.
![Aadhar Housing Finance step up for IPO to raise Rs 5000 cr](https://www.psuconnect.in/sdsdsd/aadhar_housing_finance_step_up_for_ipo_to_raise_rs_5000_cr.jpg)
The company IPO comprises a fresh equity issue of Rs 1,000 crore and an offer for sale of Rs 4,000 crore. Promoter BCP Topco 7 Pte will shed its stake under OFS as it is affiliated to be managed by Blackstone which currently holds 98.7% of the pre-offer issued, subscribed, and paid-up equity share capital. The company had the highest number of live accounts in FY23 and mainly services economically weaker and low-to-middle-income customers.
It is a housing finance company based in the low-income housing segment, with a ticket size of less than Rs 15 lakh. The firm is going to utilize the net proceeds to meet future capital requirements for lending and other general purposes.
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