The IPO includes a fresh issue of Equity Shares aggregating ₹10,000 million ("Fresh Issue") and an offer for sale of up to such number of Equity Shares aggregating ₹20,000 million by BCP Topco VII Pte. Ltd., the "Promoter Selling Shareholder" ("Offer for Sale"), for a total offering of ₹30,000 million.
The Company plans to use the proceeds from the Fresh Issue for two purposes: meeting future capital requirements for onward lending and for general corporate purposes.
The Equity Shares offered through the Red Herring Prospectus dated April 30, 2024 ("RHP") are proposed to be listed on the BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE"), with the designated stock exchange being NSE.
Amit Dixit, Head of Private Equity Asia, Blackstone, remarked, "The listing is a significant milestone for Aadhar Housing Finance Limited, reflecting the transformation and growth journey the company has undertaken. We are proud of how we've contributed to the digitization and operational excellence in the business".
Mukesh Mehta, Senior Managing Director at Blackstone Private Equity, stated, "We are delighted to support Aadhar Housing Finance Limited's mission to empower underserved Indians to own homes. Our transformation efforts have focused on aligning with the company's leadership and enhancing efficiency".
Rishi Anand, Managing Director & Chief Executive Officer of Aadhar Housing Finance Limited, emphasized, "This IPO represents a significant step towards enabling individuals and families to achieve home ownership. We carry the responsibility of contributing to nation-building with the ethos of 'Ghar Banega, Toh Desh Banega”.
Offer Details:
Opening Date: Wednesday, May 8, 2024
Fresh Issue: ₹10,000 million
Offer for Sale: Up to ₹20,000 million by BCP Topco VII Pte. Ltd.
Listing: The Equity Shares are to be listed on BSE and NSE
Designated Stock Exchange: NSE
The IPO will provide investors an opportunity to participate in the growth story of 'Aadhar Housing Finance Limited', a key player in the Indian housing finance market. It is also expected to help the company strengthen its position as it aims to contribute to the broader goal of increasing home ownership in India.
Comments
Post a Comment