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Bajaj Housing Finance IPO Updates: Bajaj Housing Finance Limited launched its IPO on September 9 and will end on September 11. The issue is offering shares at ₹66-70. The company has raised ₹1,758 crore from anchor investors and reserved portions for various investor categories, including a special quota for shareholders.
The Bajaj Housing Finance IPO has allocated up to 50% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and a minimum of 35% of the offer is set aside for retail investors.
The second day of the Bajaj Housing Finance IPO saw a surge in subscriptions from investors, employees, and shareholders, leading to impressive subscription numbers.The initial public offer of Bajaj Housing Finance IPO has been subscribed 7.51 times on the second day of subscription today, as per BSE data.
Retail investors’ allocation was oversubscribed by 3.84 times, while non-institutional investors’ quota received 16.46 times subscription. The qualified institutional buyers (QIBs) section was subscribed 7.46 times. The employee portion saw a subscription of 97%, and the shareholder portion was oversubscribed by 9.55 times.
The initial public offer of Bajaj Housing Finance IPO has been subscribed 2.02 times on the first day of subscription today, as per BSE data.
The portion for retail investors received 1.51 times subscription while the quota for non-institutional investors got subscribed 4.35 times. The qualified institutional buyers (QIBs) part is booked 1.07 times. The employee portion has been subscribed 32%, and Shareholder portion has been subscribed 2.90 times.
Since September 2015, Bajaj Housing Financing has been registered with the National Housing Bank as a non-deposit taking housing financing firm. It provides financing options for buying and remodeling both residential and commercial buildings.
The Reserve Bank of India has classified it as a “upper layer” nonbank financial institution (NBFC). The company offers a wide range of mortgage products, such as house loans, loans secured by real estate, lease rental discounting, and developer financing.
Two home financing businesses that have recently been listed on stock markets are Aadhar home financing and India Shelter Finance.