The Bajaj Housing Finance IPO (initial public offering) received a solid response from the investors. The public issue concluded on Wednesday, was subscribed 63.61 times, led by demand from institutional buyers.
The portion reserved for non-institutional investors (NIIs) was subscribed 209.36 times while the quota for qualified institutional buyers (QIBs) was booked 41.51 times. The quota for retail investors gained 7.04 times bidding. The employee portion was subscribed 2.05 times.
The Bajaj Housing Finance IPO comprises a fresh issue of equity shares worth Rs 3,560 crore and an offer for sale (OFS) worth Rs 3,000 crore from its owner, Bajaj Finance Ltd.
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The price band was fixed at Rs 66-70 per share and the minimum application lot size was 214 shares. On Friday, Bajaj Housing Finance announced that it had raised Rs 1,758 crore from anchor investors.
The allotment for the Bajaj Housing Finance IPO will likely be finalised today, September 12. The stock will make its debut on the BSE and National Stock Exchange (NSE) on September 16.
Investors who placed bids for the issue can check the allotment status on BSE and KFin Technologies Ltd.
How to check Bajaj Housing Finance IPO allotment status:
Visit the KFin Technologies website – ris.kfintech.com/ipostatus/
Select Bajaj Housing Finance from the menu
Enter either of Application number, DEMAT Account or PAN to verify your allotment status
Enter 'captcha' to verify
Click 'Submit' button and your allotment status will be shown on the screen
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Follow the steps below to check Bajaj Housing Finance IPO allotment status on BSE:
Visit the website of BSE
Click on 'Investors' option
Click on 'Status of Issue Application' from the Investor Services dropdown menu
Click on Application Status Check
Select Equity in the issue type
Enter the required details including the ‘Issue Name’
Enter the PAN Number and click on Search to view allotment status
Bajaj Housing Finance IPO GMP
The grey market premium for Bajaj Housing Finance surged to around Rs 72 in the unlisted market on Thursday, reflecting a premium of over 100 per cent due to strong demand for the company’s shares, according to websites that track grey market activity.
The company aims to utilize net proceeds from the issue to strengthen the company’s capital base to meet future capital needs. The IPO comes after the Reserve Bank of India’s (RBI) directive that mandates that upper-layer non-banking housing finance companies must be listed on stock exchanges by September 2025.
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