Aadhar Housing Finance Limited IPO 2024 subscribed with a very good rate of more than 26x. The company has set a price band of Rs. 300 to 315 for a single share price. The company’s stock price after listing hits the upper circuit on the second day. 

Aadhar Housing Finance Limited IPO 2024 Opening, Closing, and Listing Date

The Aadhar Housing Finance Ltd. IPO (Initial Public Offering) opens on Wednesday, 8 May 2024, and closes on Friday, 10 May 2024. IPO was listed on BSE and NSE on 15 May 2024 with a price band of 300 to 315 Rs. On BSE the stock was opened for 314.30 Rs. and on NSE it was 315 Rs. At the very start of this IPO investors not gaining much return but on the second trading day, the story was different. 

Read Also Is ChatGPT Stock Trading Make You Money in 2023?

On the first day of listing the lowest price for the stock (Aadhar Housing Finance Limited on NSE) was Rs. 292, and the high was Rs. 343.70. But on the second trading day, the stock hit its upper circuit which was Rs. 362.35. 

Aadhar Housing Finance Limited IPO 2024 Fundamental details

The company’s IPO listed with a face value of Rs. 10 per share and a lot size of 47 Shares. The total IPO issue size is 95,238,095 shares, aggregating to Rs. 3000 crores. In this book, 3.17 crores of freshly issued shares, aggregating to Rs. 1000 crore, and 6.35 crores shares, Offer For Sale, aggregating to Rs. 2000 crores issued.

Read Also Neighborhood Lender Refinance Rates 2023 | Monthly Payments

Retailers investment

For retailers who were interested in this IPO, a minimum of 1 lot of 47 shares of value Rs. 14,805 was set for allotment. A retailer could have applied for a maximum of 13 lots (611 shares) of value Rs. 1,92,465. 

S-HNI & B-SHI investment

For S-HNI the minimum investment size was 14 lots (658 shares) of value Rs. 2,07,270, and a maximum of 67 lots (3149 shares) of value Rs. 9,91,935 were set for allotment. Also, for B-HNI the minimum investment size was 68 lots (3196 shares) of value Rs. 10,06,740.

Read Also How to Use Tactical Arbitrage, Discount Code | Cancel Membership

Employees investment

There was a discount for the company’s employees of Rs. 23 per share. The total no. of shares offered to employees was 2,39,726. Employees are in profit from the very beginning of listing.

Aadhar Housing Finance Limited IPO 2024 Subscribing Rate

The IPO of Aadhar Finance Limited was subscribed with a rate of more than 26.76 times, measured on the closing date, Friday, 10 May 2024. For the retailer category, the subscription was 2.58 times, for the QIB category 76.42 times, and for the NII category, it was 17.33 times.

Read Also What is Arbitrage Trading 2023, How to Do | Advantages and Disadvantages

FAQ – Aadhar Housing Finance Limited IPO 2024

General FAQs related to Aadhar House IPO and its stock.

• What is the Symbol of Aadhar Housing Finance Limited Stock in NSE & BSE?

• For NSE, the symbol of Aadhar Housing Finance Limited stock is AADHARHFC, and for BSE it is 544176 (script code).

• What was the launch date, close, and listing date of Aadhar Housing Finance IPO 2024?

• The launch date of the AADHARHFC IPO was 8 May 2024, Wednesday, the closing date was Friday, 10 May 2024, and the listing date for the IPO was Wednesday, 15 May 2024.

• What was the price range and final issue price of the AADHARHFC IPO?

• The price range set for allotment was Rs. 300 to 315, and the final issue price was Rs. 315 per share.

• Is Aadhar Housing Finance Limited a listed company?

• Yes, it was listed on both BSE and NSE on 15 May 2024.

• What was the Final listing price of Aadhaar housing finance?

• The listing price of Aadhar Housing Finance Limited on BSE was Rs. 314.30, and Rs. 315 on NSE.

Aadhar Housing Finance Limited’s Latest Stock price

You can find AADHARHFC’s latest stock price at – Screener.in

Disclaimer: We are not giving buy/sell recommendations regarding any stock or other financial instruments. All information used here is only for educational purposes.

A new face of artificial intelligence (AI) that seems to be at the forefront of the world is ChatGPT. But is it a real story that is running in the market? Artificial Intelligence can have many strong tools, but why only the ChatGPT has come out? The idea of ChatGPT stock trading looks like a magic wing, but whether it would work or not in 2023 or in the future? let’s discuss this.

What is ChatGPT?

ChatGPT is simply a chatbot that works with artificial intelligence (AI) technology. Chating on this platform gives you a human-like conversation with an AI chatbot. It is developed by OpenAI and launched in November 2022. It gives you answers to your questions, search queries for you, compose emails, code, and more tasks that can be done with this tool. 

Is ChatGPT Stock Trading Make You Money in 2023?

The answer to this question is absolutely Not. ChatGPT stock trading is no way of finding predictions for the upcoming trends in US stocks. Giving such kind of accurate helpful data regarding making money through the stock market is not possible for any tool in the market. 

The Chatbot “ChatGPT” only gives information about

• What is the stock market?
• Factors affecting the stock market.
• Types of the stock market.
• How to learn stock market?
• How to invest in equity, commodities, mutual funds, etc. 

It means Chat GPT only gives information about co-related queries in the stock market. It does not tell you the upcoming trend for a share. It means ChatGPT does not give you data about whether a share would go downward or upwards. So how can you make money through it? 

The Chatbot “ChatGPT” doesn’t give information about

• You can’t know What method or technique will suit you for getting a profit through trading in the stock market.
• It doesn’t tell which stocks would rise or down in the future.

It doesn’t give you real-time data about graphs and patterns, such as if you type NASDAQ Super Trend Pattern, then it does provide such information.

List of ChatGPT stock-traded companies

If you want to invest in ChatGPT stocks then, there is no public trading available for ChatGPT and its developer OpenAI. But, there is a list of companies that are comprised in the development of ChatGPT and similar technologies or want to work with them to make their products and services better. If there would increase in ChatGPt-like technologies, these companies can also be impacted. The list of those companies is, 

Top 3 ChatGPT stock or AI stock for investing in 2023

As we mentioned earlier that one can not invest directly in ChatGPT or OpenAI stock, because, ChatGPt or OpenAI is not traded directly yet. But there are some companies that are co-related with ChatGPT or likewise other AI technologies, such as Microsoft (MSFT), Nvidia (NVDA), Perion Network (PERI), and more.

Microsoft (MSFT) as ChatGPT stock or AI stock investment

One of the top tech sector giants Microsoft (MSFT: NASDAQ) has a market cap of $2.11 Trillion. Investments in OpenAI and Artificial intelligence start-ups over its history have shown that Microsoft believes in AI technologies and has in confidence with OpenAI. Microsoft has had a partnership with OpenAI since 2019. For 2023, after the launching of ChatGPT in November 2022, Microsoft invested $10 billion into OpenAI. Hence, one can consider Microsoft (MSFT: NASDAQ) as ChatGPt stock or AI stock for investing in 2023.

Nvidia (NVDA) as ChatGPT stock or AI stock investment

A software & hardware manufacturer company, Nvidia (NVDA: NASDAQ) has a market cap of around $671.07 billion. Nvidia is one of the world’s leading manufacturing companies in the production of high-quality graphic processing units. As per UBS’s estimate, to train ChatGPT 10,000 Nvidia GPUs were used. Also, some analysts estimate that 30,000 Nvidia GPUs are now being used to run OpenAI’s Chatbot. The quality and strength of Nvidia’s Graphics processing unit to handle the workload, better than its competitor companies, makes it more demandable for further use in AI technology. Hence, one can consider Nvidia (NVDA: NASDAQ) as a future AI technology stock for investing in 2023.

Perion Network (PERI) as ChatGPT stock or AI stock investment

Media company Perion Network is a tech-based company that provides digital advertising products and services. Perion Network (PERI: NASDAQ) has a market cap of $1.85 billion. Perion Network has a strategic partnership with Microsoft on its Bing search engine. Microsoft invested billions of dollars into AI technologies. It rolling out a new version of its search engine Bing powered by chatGPT. Hence, if Bing gains market share on Google then, its strategic partner Perion Network could also gain a jump in its share price.

Disclaimer

In this article, the given data depends on personal reviews and opinions. We are not advised to buy such stocks.

FAQ – ChatGPT Stock trading

What is the name of ChatGPT’s Stock?

ChatGPT or its developer OpenAI has not any stock name or ticker yet. But, there are many companies, which are interested and also invested in the development and implementation of ChatGPT like artificial intelligence technologies. Therefore, following those companies can help you to find the best AI stocks for investing and trading.

Can we make money fast through ChatGPT stock trading?

Making money fast depends on multiple factors in the stock market. The stock market moves up and down on behalf of various factors. On another hand, ChatGPT is an AI-driven chatbot that uses complex languages to give answers to your question only. It can only teach you a bit. To make money fast in stock trading very hard practices, knowledge, a controlled mind, and more are a must.

Are ChatGPT provides stock market graphs or candlestick patterns?

No, if you type “NASDAQ stock candlestick pattern today” then, it only provides general information about candlestick patterns and doesn’t show you real-time data.

Related Terms

• What is Arbitrage Trading 2023, How to Do | Advantages and Disadvantages

Reference: Fool.com

Arbitrage trading strategies can help a stock trader to gain more profit during the period of price discrepancies in various markets. For example, you are buying an asset from the US market and selling it to other markets when the price for that asset shows discrepancies. By doing this we will gain profit for the same asset. 

What is Arbitrage Trading | Arbitrage definition?

Arbitrage trading is a strategy to gain profit in the situation of simultaneously buying and selling an asset having price differences, across different exchanges or markets. In Arbitrage trading Shares, Commodities, and Currencies can be traded. But along with this, there are some disadvantages to this strategy.

Example of Arbitrage trading

Let us assume the price for Crude oil in the New York Stock Exchange (NYSE) is lower as compared to European New Exchange Technology (EURONEXT). Then, if you buy crude oil from the York Stock Exchange (NYSE) at a lower price and sell it to the European New Exchange Technology (EURONEXT) to gain profit.

Hence, for taking advantage of these tiny price differences for crude oil between the two different exchanges, here, we are using the Arbitrage trading strategy.

Let’s learn through a Mathematical Example

Consider, there is a company, let’s say company A. The price of 1 share of company A is trading at $25 on the New York Stock Exchange (NYSE). At the same time, the price of 1 share of company A is trading at $25.05 on the European New Exchange Technology (EURONEXT).

Now the trader can buy shares of company A from the New York Stock Exchange (NYSE) and sell them immediately on European New Exchange Technology (EURONEXT). Here, by the use of the Arbitrage technique, the trader can earn a profit of 5 cents per share.

Things to remember before entering an Arbitrage trading setup

There are a few things or if say requirements that are required before creating an Arbitrage trading setup. From the point of view of a stock trader, these things matter a lot.

• Requirement of good information about the market situation.
• Low or Zero transaction costs (Explicit costs).
• Low or Zero transaction costs (Implicit costs).
• Instantaneously buying and selling, also requires very fast speed.

Types of Arbitrage Trading

There are lots of types of Arbitrage trading, such as Pure Arbitrage, Retail Arbitrage, Merger Arbitrage, Convertible Arbitrage, and so on. In words it is,

• Gold Arbitrage.
• Currency Arbitrage.
• Credit Card Arbitrage.
• Arbitrage in Cryptocurrency, and so on.

Advantages of Arbitrage Trading

• In Arbitrage trading, a trader can make a riskless profit, which means, it has low risks.
• It makes financial markets more efficient and adds liquidity to the market.
• You can also invest in Arbitrage funds, which are less risky and have many other benefits.
• It helps markets by controlling the price variances in securities.

Disadvantages of Arbitrage Trading

• The profit is small, as returns are limited, with a limited risk strategy.
• It requires perfect market information along with advanced software and algorithms.
• There is an execution risk in Arbitrage trading in terms of execution of 2/3 trades at the same time, etc. Also in Arbitrage trading, we have to face different trading timings for different exchanges. 
• Transaction costs (Explicit costs and implicit costs).
• It requires a lot of money, that why, arbitrage trading is mostly engaged by hedge funds and institutional investors.

FAQ – Arbitrage Trading

1. Is Arbitrage Trading Legal in the US?

   Yes, Arbitrage trading is completely legal in the United States of America. In the US, as well as in other financially strong countries, Arbitrage trading is considered good practice for conducive overall market efficiency.

2. Is Arbitrage Trading Strategy always profitable?

   No, as Arbitrage trading is a simultaneous buying and selling of an asset in different markets for taking advantage of price differences. Hence, you may also face loss instead of profit. Getting profit in Arbitrage trading depends on multiple factors, such as price discrepancies, timing, execution, information, software performance, the number of instruments, etc.
   On another hand, there is no such strategy in the market that always gives a profit. If it is so, then, why there are so many losses in the market along with profits? But yes the same strategy can be different in accuracy for individuals. The same technique can be 70% accurate for one person, can have 30% for another person, and so on.

Related Terms

• How to Use Tactical Arbitrage, Discount Code | Cancel Membership