September 12, 2024
New Delhi, India
IPO
Bajaj Housing Finance’s IPO received a historic response, with bids for 46.28 billion equity shares amounting to ₹3.24 lakh crore, marking it as the first Indian IPO to attract such a massive bid amount. The company is set to finalize the allotment of shares on Thursday, September 12, 2024.
Key Highlights:
- IPO Details:
- Bidding Period: Opened from September 9 to September 11.
- Price Band: Fixed at ₹66-70 per share, with a lot size of 214 shares.
- Funds Raised: ₹6,560 crore via primary offering, including ₹3,560 crore from fresh share sales and ₹3,000 crore through an offer for sale.
- Subscription Status:
- Overall Subscription: 63.61 times.
- Qualified Institutional Bidders (QIBs): Subscribed 209.36 times.
- Non-Institutional Investors: Subscribed 41.51 times.
- Retail Investors and Others: Subscription rates for shareholders, employees, and retail investors were 17.53, 2.05, and 7.04 times, respectively.
- Grey Market Premium (GMP):
- The GMP surged to ₹78 per share after the IPO’s record-breaking bidding, indicating a potential listing gain of around 111.43%.
- Company Overview:
- Established: 2008, part of Bajaj Group.
- Regulation: Non-deposit-taking housing finance company registered with the National Housing Bank since 2015.
- Business Focus: Offers mortgage loans and has shown strong growth in assets under management (AUM).
- Allotment and Listing:
- The company is expected to list its shares on both the BSE and NSE on September 16, 2024.
How to Check IPO Allotment Status:
On BSE Website:
- Visit BSE IPO Allotment Page.
- Select “Equity” under issue type.
- Choose “Bajaj Housing Finance Ltd” in the issue name dropdown.
- Enter the application number and PAN ID.
- Complete the CAPTCHA and hit submit.
On KFin Technologies Portal:
- Visit KFin IPO Status.
- Select the IPO name from the dropdown (only if allotment is finalized).
- Choose your mode: Application number, Demat account number, or PAN ID.
- Select “ASBA” or “non-ASBA” under the application type.
- Enter the required details and CAPTCHA, then hit submit.
