Aadhar Housing Finance Refiles IPO Papers with SEBI

2 Feb 2024 , 11:32 AM

Aadhar Housing Finance, with strong backing from private equity giant Blackstone, has resubmitted its draft initial public offering (IPO) documents to the Securities and Exchange Board of India (SEBI). The affordable home finance company aims to generate up to ₹5,000 Crore through this IPO, consisting of a fresh issue of shares worth up to ₹1,000 Crore and an offer-for-sale component of up to ₹4,000 Crore. As part of the share sale, Blackstone will reduce its stake.

The primary objectives of the fresh issue include fulfilling future capital requirements for ongoing lending activities and general corporate purposes.

The listing plan is being guided by prominent financial institutions, including ICICI Securities, Nomura, Citi, SBI Capital, and Kotak Mahindra Capital.

It’s noteworthy that Aadhar Housing Finance had initially filed IPO papers in January 2021, obtaining regulatory approval from SEBI in May 2022. However, as a year has passed, and the validity of the approval has lapsed, the company is now required to resubmit the documents to make a fresh attempt at the IPO.