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Bajaj Housing Finance IPO Live Updates: Bajaj Housing Finance IPO allotment was finalised on September 12 and the listing will likely take place on NSE and BSE on September 16. If the shares are not allotted to you, then you can wait for the refund, which will be initiated today. The company’s shares were fetching a premium of more than 105% in the grey market. It is an unofficial place where shares trade illegally ahead of listing. The GMP of Bajaj Housing Finance indicates that it may double the investor’s money on the day of listing. The IPO, which was opened to investors on September 09, stopped taking bids from September 11. The company raised Rs 6,560 crore through a combination of fresh shares and offer for sale.
Live Updates
Bajaj Housing Finance IPO 2024 Live Updates: See Listing Date, KFintech Allotment Status, and GMP live
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance’s financial performance
In FY24, Bajaj Housing Finance reported a net profit of Rs 1,731 crore, an increase of 38% on year compared to Rs 1,258 crore it reported in FY23. Additionally, the net income during the same period grew 34% year-on-year, reaching Rs 7,618 crore.
Bajaj Housing Finance IPO 2024 Live Updates: Anchor Participation
Before Bajaj Housing Finance’s IPO opened, the company raised Rs 1,758 crore from anchor investors, which include JP Morgan, Morgan Stanley, Nomura, and HDFC Mutual Fund. The collected money will be utilised to bolster the company’s capital base, supporting its future business needs, particularly for onward lending.
Bajaj Housing Finance IPO 2024 Live Updates: Grey Market Premium Status
Bajaj Housing Finance’s shares are currently trading at a premium in the grey market. They are fetching a premium of over 100% to the issue price. This significant grey market interest underscores the strong demand for the IPO.
Bajaj Housing Finance IPO 2024 Live Updates: Tata Technologies IPO made record
The previous record was held by Tata Technologies, which saw bids worth over Rs 1.5 lakh crore for its Rs 3,000 crore IPO. Tata Technologies, the first Tata Group company to launch an IPO in nearly two decades, has set the price band for its maiden public issue at Rs 475-500 per share. The company’s shares made a robust debut on the stock exchanges today.
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance makes history
The highly anticipated Bajaj Housing Finance IPO has shattered historical records, drawing bids worth over Rs 3.2 lakh crore. The company aimed to raise approximately Rs 6,560 crore through a mix of fresh equity sale and an Offer for Sale (OFS). At the close of the issue, the IPO was subscribed 63.6 times, reflecting robust demand, particularly from non-institutional investors, whose category was subscribed over 200 times.
Read more: Bajaj Housing Finance IPO breaks Tata Tech’s IPO record with bids worth over Rs 3.2 lakh crore
Bajaj Housing Finance IPO 2024 Live Updates: Bidding status
The IPO was subscribed to a total of 67.43 times more than the offered shares. The company received bids worth Rs 3.23 lakh crore. Out of which, bids from retail investors were received for Rs 15,195.36 crore. The retail segment was booked to a total of 7.4 times.
Bajaj Housing Finance IPO 2024 Live Updates: Subscription Details
The housing finance company’s IPO received the highest bids ever recorded in India’s history, surpassing that of Tata Technologies. the issue got bids worth Rs 3.23 lakh crore.
Bajaj Housing Finance IPO allotment: Listing date
As per the tentative schedule, the listing of the company will take place on September 16 on the NSE and BSE mainboard segments.
Bajaj Housing Finance IPO allotment: Here’s how to check allotment status
The allotment status of the IPO can be checked on Kfin Technologies, registrar of the issue, website.
Bajaj Housing Finance IPO 2024 Live Updates: Master Capital Services on BHF IPO
Bajaj Housing Finance plans to diversify and strengthen its market presence with strategic customer focus and comprehensive risk management to capitalize on the future opportunity of increased mortgage penetration, said Master Capital Services in an IPO note.
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Finance stocks up
Shares of Bajaj Finance rose 2.3% to an intraday high of Rs 7,599. The stock touched a 52-week high of Rs 8,192 on October 06, 2023. The stock was among the top gainers.