New Delhi: Bajaj Housing Finance IPO price band was fixed at Rs 66-70 per share. Bajaj Housing Finance’s Rs 6,560 crore IPO will open on September 9, 2024, and close on September 11, 2024. The IPO is likely to list on the exchanges on September 16, 2024. Bajaj Housing Finance IPO includes Rs 3,560 crore worth of freshly issued shares, and an offer for sale worth Rs 3,000 crore.
Bajaj Housing Finance IPO GMP
Bajaj Housing Finance IPO GMP stood at Rs 49 apiece on September 3, 2024, according to Investorgain, down from the previous day’s GMP of RS 55.50 apiece. This indicates a listing price of RS 119 apiece for Bajaj Housing Finance shares compared to the IPO price of Rs 70 apiece. GMP or grey market premium is the extra amount that an individual is willing to pay in order to acquire one share of the company.
Bajaj Housing Finance IPO key dates
Bajaj Housing Finance IPO will open for subscription on September 9, 2024, and close on September 11, 2024. The IPO allotment date has been fixed on September 12, 2024, followed by listing on September 16, 2024. The subscription for anchor investors opens on September 6, 2024.
Bajaj Housing Finance IPO’s minimum lot size comprises 214 shares. The company’s listing was made mandatory since it was classified as an upper-layer NBFC by the Reserve Bank of India.
All about Bajaj Housing Finance
Bajaj Housing Finance, an NBFC registered with the National Housing Bank is focused on lending in the property sector, on the residential as well as the commercial side. The company aims to utilise the IPO proceeds towards meeting its capital requirements. The IPO proceeds are also likely to expand the NBFC’s capital base.
Bajaj Housing Finance earned a full-year FY24 net profit of Rs 1,731 crore, compared to Rs 1,258 crore in the year-ago period. The company’s contemporaries include Aadhar Housing Finance and India Shelter Finance.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Bajaj Housing Finance IPO: The company’s IPO price band has been fixed at Rs 66-70 per share for a total IPO size of Rs 6,560 crore. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
