Aadhar Housing Finance IPO
Aadhar Housing Finance Limited (AADHARHFC) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 15 May 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +17.3% (likely range +3% to +34%), day's high +24.9%, chance of a gain 82%. Actual: 0.0% at the open, +9.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 1,99,53,332 | 1,45,22,03,838 | 72.8x | |
| NII (HNI) total | 1,49,65,000 | 24,69,56,424 | 16.5x | |
| Big NII (above ₹10 lakh) | 99,76,667 | 17,95,54,617 | 18.0x | |
| Small NII (₹2-10 lakh) | 49,88,333 | 6,74,01,807 | 13.5x | |
| Retail | 3,49,18,334 | 8,57,36,601 | 2.46x | |
| Employees | 2,52,707 | 16,48,384 | 6.52x | |
| Total | 7,00,89,373 | 1,78,65,45,247 | 25.5x |
Bids on NSE and BSE together, as published by NSE, as of 10 May 2024, 07:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Aadhar Housing Finance's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Concord BiotechAug 2023 | 67.7x | 17.0x | 3.78x | 24.9x | ₹1,551 Cr | +21.5% | +33.3% |
| R R KabelSep 2023 | 52.3x | 13.2x | 2.13x | 18.7x | ₹1,964 Cr | +14.0% | +17.2% |
| Bharti HexacomApr 2024 | 48.6x | 10.5x | 2.83x | 29.9x | ₹4,275 Cr | +32.5% | +54.4% |
| Cello WorldNov 2023 | 109x | 24.4x | 3.06x | 38.9x | ₹2,068 Cr | +27.9% | +29.2% |
| Uniparts IndiaDec 2022 | 67.1x | 17.9x | 4.63x | 25.3x | ₹836 Cr | -0.3% | 0.0% |
| Kaynes Technology IndiaNov 2022 | 98.5x | 21.2x | 4.10x | 34.2x | ₹872 Cr | +32.5% | +33.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Aadhar Housing Finance IPO price band and lot size? ₹300–315 per share, with a lot of 47 shares, so the smallest retail bid is ₹14,805.
How many times has it been subscribed? 25.5x overall: QIB 72.8x, NII 16.5x, retail 2.46x, employees 6.52x.
How did it list? It opened at ₹315, +0.0% against the issue price of ₹315, and closed its first day +4.6%.
