Cash News
The excitement surrounding IPOs has been strong this year, and Bajaj Housing Finance’s IPO is no exception. Investors have eagerly put their money into the public issue, which appears to be on track to double their returns.
Imagine a queue stretching miles with people vying for a golden ticket—that’s how the Rs 6,560-crore IPO of Bajaj Housing Finance has felt as it attracted a mind-blowing Rs 3.2 lakh crore in bids.
The IPO received a total subscription of 67.43 times. As of 6:19 PM on September 11, 2024, the retail segment was subscribed 7.41 times, the qualified institutional buyer (QIB) category saw a subscription of 222.05 times, and non-institutional investors (NII) subscribed 43.98 times.
Investors who have bid for Bajaj Housing Finance IPO can check their allotment status online. They can log in to either the BSE website or the website of Kfin Technologies Limited, the registrar for the issue.
Steps to check allotment through the BSE website
Go to the BSE website by clicking here.
Click on ‘Equity’.
Choose ‘Bajaj Housing Finance Limited’ from the list.
Put in your application number and PAN card ID.
Confirm that you’re not a robot and submit.
Steps to check allotment through Kfin Technologies
Visit the Kfin Technologies Limited website.
Select ‘Bajaj Housing Finance Limited’.
Choose the Application Number/Demat Account/PAN option and enter the details.
Enter the Captcha.
Click on the ‘SUBMIT’ option.
Bajaj Housing Finance IPO latest GMP
The latest Grey Market Premium (GMP) for Bajaj Housing Finance’s IPO stands at Rs 74, as of 08:27 AM on September 12, 2024.
Given the price band of Rs 70, the projected listing price for the IPO is Rs 144 (which is the cap price plus the current GMP). This suggests an anticipated gain of 105.71% per share.
The price band for Bajaj Housing Finance’s IPO was set at Rs 66-70 per share. Investors could apply for a minimum of 214 equity shares, with applications accepted in multiples thereafter.
Shares of Bajaj Housing Finance Limited are expected to be listed on both the BSE and NSE, with a tentative listing date set for Monday, September 16, 2024.