Aadhar Housing Finance, backed by private equity major Blackstone, has refiled its draft initial share sale documents with the markets regulator, the Securities and Exchange Board of India, as the affordable home financier aims to raise as much as Rs 5,000 crore this year.
Moneycontrol has reviewed a copy of the draft share sale documents and was the first to report the refiling plans of the mortgage lender on January 30.
The proposed IPO will combine a fresh issue of shares of up to Rs 1,000 crore and an offer-for-sale component of as much as Rs 4,000 crore. Blackstone will dilute its stake as part of the share sale.
The objects of the fresh issue are
a) to meet future capital requirements towards onward lending
b) General corporate purposes.
ICICI Securities, Nomura, Citi, SBI Capital and Kotak Mahindra Capital are advising the lender on the listing plan.
Aadhar Housing Finance had previously filed papers for an IPO in January 2021 and had received a nod from the regulator in May 2022. After a year, the validity of the approval lapses and issuers keen on a fresh attempt need to file documents afresh.
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