India's Aadhar Housing Finance up in debut trade

Aadhar Housing Finance

15/05/2024 07:10

** Shares of Aadhar Housing Finance  AADA.NS  up 5.8% in
trading debut vs IPO price of 315 rupees
    ** AADA, affordable housing finance co, opens flat at 315
rupees; stock recovers after briefly trading below IPO price
    ** At current levels, AADA valued at 142.14 bln rupees
($1.70 bln)
    ** "Debut fell short of pre-listing expectations of 15-20%
premium" - Shivani Nyati, Head of Wealth at Swastika Investmart
    ** Co raised 30 bln rupees in IPO of fresh share issue worth
10 bln rupees, offer for sale of shares worth 20 bln rupees -
prospectus
    ** IPO oversubscribed 25.49x last week - exchange data 

($1 = 83.5000 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))