The filing follows blockbuster IPOs by Burger King India and Mrs Bectors Food Specialities in December that cashed in on a stock market rally fuelled by improving outlook for an economy hit by the pandemic.
The filing also comes at a time when non-banking financial companies
are under tighter scrutiny from the central bank after the collapse of some heavyweights in the sector.
Aadhar Housing Finance
will use proceeds from the fresh issue to boost its capital base.
The company's capital to risk (weighted) assets ratio was 47.84 per cent as of September 30, 2020.
It is one of the country’s largest mortgage lenders to low-income earners. It had Rs 114.32 billion worth of assets under management as of March 31, 2020.
Shadow lender DHFL and other promoters of Aadhar Housing Finance
sold their stake to BCP Topco in 2019.
was seeking to raise at least $5 billion for its second private equity fund focused on Asia, Bloomberg News
reported in November.
ICICI Securities, Citigroup Global Markets India, Nomura Financial Advisory and Securities (India) and SBI Capital Markets are the lead book running managers for the IPO.
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