The much-anticipated listing date of the initial public offering (IPO) of Aadhar Housing Finance Limited has finally arrived, scheduled for May 15, 2024. Investors eagerly await the debut of shares as they prepare for potential gains in the market.
Strong Market Signals
Ahead of the IPO listing, both the grey market and stock market experts are indicating a robust debut for Aadhar Housing Finance shares. The grey market, where IPO shares are traded unofficially before official listing, currently reflects a Grey Market Premium (GMP) of ₹55. This suggests an expected listing gain of approximately 17% for the fortunate allottees.
Positive Investor Response
Market experts note a significant investor interest in the Aadhar Housing Finance IPO, underscoring a positive market sentiment. The IPO witnessed a healthy oversubscription rate of about 26.7x, signaling strong investor confidence in the company’s prospects.
Price Predictions
Experts predict the listing price to fall within the range of ₹365 to ₹380 per share. Shreyansh Shah, a Research Analyst at Stoxbox, anticipates an opening price of around ₹365 per share, implying an upside of approximately 16% from the issue price of ₹315 per share.
Amit Goel, Co-Founder & Chief Global Strategist at Pace 360, echoes a similar sentiment, expecting the listing to range between ₹370 to ₹380 per share, resulting in a potential listing gain of around 18%.
Investment Opportunity
Despite stiff competition in the low-income housing segment, Aadhar Housing Finance stands out with its strong focus in this area. Prashanth Tapse, Senior Vice President of Research at Mehta Equities, sees an exciting investment opportunity for potential allottees, projecting a listing gain of up to 15%.
Grey Market Insights
The Grey Market Premium (GMP) for the Aadhar Housing Finance IPO stands at ₹55, indicating a predicted listing price of around ₹370. This reiterates the market’s optimism, foreseeing favorable returns for investors.
As Aadhar Housing Finance gears up for its IPO listing, investors eagerly await the unveiling of its shares on the trading floor, poised for what appears to be a promising debut in the market.