Aadhar Housing Finance IPO opens on May 8: Institutional investors invest Rs 898 crore via anchor book

Aadhar Housing Finance IPO

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26 Aug, 2025 12:21

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Aadhar Housing Finance has raised Rs 897.9 crore from anchor investors on May 7, a day before the affordable housing finance company's IPO opening.

The Rs 3,000-crore initial share sale will hit Dalal Street on May 8, and the closing date for the same will be May 10.

Marquee institutional investors including Morgan Stanley, Stichting Depository APG, WF Asian Reconnaissance Fund, Clarus Capital, Neuberger Berman Emerging Markets Equity Fund, Theleme India Master Fund, CLSA Global, East Bridge Capital, Nepean Long Term Opportunities Fund, and Amundi Funds invested in the company via anchor book.

ALSO READ: Aadhar Housing Finance IPO: 10 things to know before subscribing to Rs 3,000-cr issue

The Blackstone Group-backed company informed exchanges that it has finalised allocation of 2,85,04,761 equity shares to anchor investors at Rs 315 per share, the upper price band.

Asset management companies like HDFC Mutual Fund, ICICI Prudential Mutual Fund, Axis Mutual Fund, Invesco India, Whiteoak Capital, Quant Mutual Fund, Bandhan Mutual Fund, JM Financial Mutual Fund, Mahindra Manulife, and LIC Mutual Fund also made investment in Aadhar Housing.

"Out of total allocation of 2.85 crore equity shares, 1.01 crore equity shares were allocated to 11 domestic mutual funds, which have applied through a total of 28 schemes," Aadhar Housing said.

Insurance companies, too, including SBI Life Insurance Company, ICICI Prudential Life Insurance, HDFC Life Insurance Company, Kotak Mahindra Life Insurance, SBI General Life Insurance, and Bajaj Allianz Life Insurance also participated in the book.

The Bengaluru-based housing finance company that is targeting lower income segment, is planning to mop up Rs 3,000 crore through its initial public offering which is a mix of fresh issue of Rs 1,000 crore, and an offer-for-sale of Rs 2,000 crore worth shares by promoter BCP Topco VII Pte, an affiliate of Blackstone Group.

The price band for the public issue has been fixed at Rs 300-315 per share.

Aadhar Housing Finance will utilise net fresh issue proceeds for its future capital requirements towards onward lending; and general corporate purpose, while the offer-for-sale funds will go to BCP Topco.