Aadhar Housing Finance, for an initial public offering of ₹ 7,300 crores has filed it's Draft Red Herring Prospectus (DRHP) with the Securities exchange board of India (SEBI).

In its statement on Tuesday, the company explained that the IPO comprises fresh issuance aggregating up to ₹1,500 crores by them and an offer for sale aggregating up to ₹5,800 crores by BCP Topco VII PTE. Ltd. The net proceeds from the fresh issue would be utilized towards augmenting the company’s capital base to meet future capital requirements. As of March 31, 2020, Aadhar Housing Finance which is promoted by Blackstone, is known to be the largest affordable housing finance company in the country in terms of asset under management (AUM).

The company’s gross AUM increased to ₹ 11,431.66 crores in 2019-20 from ₹10,015.75 crores in 2018-19 and was ₹ 7965.92 crore in 2017-18. As of September 30, 2020, the gross AUM comprised of loans to salaried customers being 64.83% and loans to self-employed customers being 35.17%.