The grey market premium (GMP) for Aadhar Housing Finance has decreased following the underwhelming debut of Indegene shares and their subdued performance on the first trading day. This listing-bound company’s GMP has experienced a notable decline in the past few hours, right before it is expected to finalize the share allotment.

Recently, Aadhar Housing shares were trading at a grey market premium (GMP) of Rs 65 each, indicating a potential listing gain of about 21% for investors. Previously, when the issue closed for bidding on May 10, the shares had a GMP of Rs 75-80, suggesting a possible listing gain of up to 25%.

However, the recent decline in the secondary markets, driven by election-related uncertainty and the disappointing debut of Indegene Ltd, is negatively impacting the outlook for TBO Tek’s listing. If the weak market sentiment continues, the GMP could face further correction.

Investors who participated in the IPO of the housing finance firm will receive notifications about the debit of their funds or revocations of their IPO mandate either over the weekend or by Tuesday, May 14. The company is scheduled to debut on Dalal Street on Wednesday, May 15, 2024.

The IPO of Bengaluru-based Aadhar Housing was offered in a fixed price range of Rs 300-315 per share with a lot size of 47 shares. It was open for bidding from May 8 to May 10. The company raised Rs 3,000 crore through this primary offering, which included a fresh issue of shares worth Rs 1,000 crore and an offer-for-sale (OFS) of up to 6,34,92,063 equity shares.

The Aadhar Housing IPO received strong demand, being oversubscribed by 25.49 times. The quota for qualified institutional buyers (QIBs) was oversubscribed by 72.78 times, while the non-institutional investors’ quota saw a subscription of 16.80 times. The portions reserved for retail investors and employees were subscribed 2.46 times and 6.52 times, respectively, during the three-day bidding period.

ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital, Nomura Financial Advisory, and SBI Capital Markets are the book-running lead managers for the Aadhar Housing Finance IPO, while Kfin Technologies is the registrar. Brokerage firms are generally positive about the issue and recommend that investors subscribe.

Founded in 2010, Aadhar Housing Finance focuses on providing housing finance to the lower-income segment. Its deep impact branches target customers in tier 4 and tier 5 towns in India. The company offers a variety of mortgage loan products for purchasing and constructing residential and commercial properties, as well as for home improvement and extension.

Investors who bid for the Aadhar Housing Finance IPO can check their allotment status on the Bombay Stock Exchange (BSE) website or through the online portal of KFin Technologies.

To check the allotment status on the BSE website, follow these steps:
1. Visit BSE Allotment Status
2. Select “Equity” under the issue type.
3. Choose “TBO Tek Ltd” from the dropdown menu under the issue name.
4. Enter your application number.
5. Provide your PAN card ID.
6. Click on “I am not a Robot” and then hit “Submit.”

To check the allotment status via the registrar:
1. Visit the KFin Technologies web portal at [this link](https://kosmic.kfintech.com/ipostatus).
2. Select the IPO from the dropdown menu (the name will appear only if the allotment is finalized).
3. Choose one of the three modes: Application number, Demat Account number, or PAN ID.
4. Under application type, choose between ASBA and non-ASBA.
5. Enter the relevant details based on your selection in Step 3.
6. Complete the captcha for security verification.
7. Click submit.

Disclaimer: The opinions and suggestions mentioned above belong to individual analysts, experts, and brokerage firms, and do not represent the views of TimesWordle.com We recommend investors consult certified experts before making any investment choices.

Related Articles:

Life Sciences Indegene IPO Filling Up FAST: 57% Guaranteed Return?

Bharat Forge Profits EXPLODE 77% – Stock Soars! (FY25 Growth Incoming?)

Stock Market Crash Alert! Expert Predicts 4,000 Point Drop – Here’s How to Profit (Even During a Downturn)!

Trucking Industry in Chaos! Orders PLUMMET as Carriers RACE to Buy New Trucks?

Reduce Delhi Traffic Fines by May 11th: Register NOW for Lok Adalat!