Blackstone Group led Aadhar Housing is equipped to file a Rs 7,300 crore IPO this month. The company is looking forward for raising $1 billion. This could be the largest IPO by a financial services firm after SBI Cards.
The IPO listing of Aadhar Housing Finance will be the first Indian company to be supported by Blackstone in the past five years. Investment bankers ICICI Securities, Nomura, Citi and SBI Capital Markets are advising Blackstone on the offering. Law firms Cyril Amarchand Mangaldas and Khaitan and Co are the legal advisors.
Investment firm Blackstone holds 97.7 percent stake in Aadhar Housing Finance Ltd. for about Rs 2,200 crore.
