The Aadhar Housing Finance IPO is set to start trading today, May 15, 2024. According to the BSE website, the shares of Aadhar Housing Finance Limited will be listed on both BSE and NSE under the ‘B’ group of stocks. Market experts and the grey market, where IPO shares are traded before official listing, are predicting a strong debut for Aadhar Housing Finance shares. The Grey Market Premium (GMP) for the IPO is currently ₹55, suggesting an expected listing gain of about 17%.
Market Response and Listing Expectations
The Aadhar Housing Finance IPO has seen a strong response from investors, which indicates positive market sentiment. The overall mood in the stock market has improved recently, boosting expectations for a good listing gain. Experts predict that Aadhar Housing Finance shares could open at around ₹365 to ₹380 per share.
Expert Predictions
Shreyansh Shah, a Research Analyst at Stoxbox, commented on the IPO listing: “Given the high oversubscription of 26.7 times for the Aadhar Housing Finance IPO, we expect a strong listing. We anticipate the shares will list at around ₹365 per share, which would be a 16% gain from the issue price of ₹315 per share.”
Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, added, “The issue seems well-priced based on FY24 earnings. We expect the shares to list at around ₹370 to ₹380, resulting in an 18% gain.”
Prashanth Tapse, Senior Vice President of Research at Mehta Equities, said, “Despite competition in the low-income housing segment, Aadhar Housing Finance has received good subscription demand due to its focus in this fast-growing area. With reasonable valuations, we expect a 10-15% listing gain, making it an exciting investment opportunity.”
Current GMP
According to market observers, the current GMP for the Aadhar Housing Finance IPO is ₹55. This indicates that the grey market expects the shares to list at around ₹370 (₹315 issue price + ₹55 GMP), suggesting a 17% listing gain for those who received shares in the IPO.
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