Aadhar Housing Fin makes flat debut

New Delhi: Shares of Aadhar Housing Finance Ltd, which is backed by private equity major Blackstone, made a flat market debut on Wednesday against the issue price of Rs315.The stock listed at par with the issue price at Rs315 on the NSE. It later hit a high of Rs329.90 and a low of Rs292. On the BSE, the stock made its debut at Rs314.30, a dip of 0.22 per cent from the issue price.

The company’s market valuation stood at Rs13,480.12 crore. The initial public offer of Aadhar Housing Finance received 25.49 times subscription on the closing day of the share-sale on Friday. The Rs3,000-crore initial share-sale was a combination of fresh issue of equity shares worth Rs1,000 crore and an OFS (Offer-for-Sale) of Rs2,000 crore by promoter BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc. The three-day IPO had a price range of Rs300-315 a share.