New Delhi: The Bajaj Housing Finance IPO, which opened for subscription on September 9, 2024, received huge response from investors. The IPO got fully subscribed within hours of opening for bidding on Monday. By the end of the day, the Rs 6,560-crore initial public offer was subscribed two times.
Bajaj Housing Finance on September 6 announced to garner Rs 1,758 crore from anchor investors. The much-awaited IPO received applications for 1,46,58,24,030 shares, while only 72,75,75,756 shares are on offer, the NSE data mentioned.
Retail Individual Investors (RIIs) received a subscription of 1.50 times.
The IPO was subscribed 4.35 times in the Non-institutional investors category.
The Qualified Institutional Buyers (QIBs) category received a 1.07 times subscription.
The price band for the offer has been fixed at Rs 66-70 per share.
The Bajaj Housing Finance IPO price band has been fixed at Rs 66-70 per share. The public offer has a fresh issue of equity shares of up to Rs 3,560 crore and an offer-for-sale (OFS) of equity shares amounting Rs 3,000 crore by parent Bajaj Finance.
Bajaj Housing Finance IPO GMP stood at 64 on September 10 morning, investorgain reported. With the price band set at Rs 70, the shares of Bajaj Housing Finance are expected to be listed at Rs 134, an estimated gain of around 91 per cent. Imprtant note: GMP figures are not official figures.
Bajaj Housing Finance, categorised as an “upper layer” NBFC by the RBI, is a non-deposit-taking housing finance company registered with the National Housing Bank since September 2015.
Bajaj Housing Finance IPO allotment is expected to take place on September 12, 2024, while the refunds process is likely to take place on 13th September. The shares will be credited to the demat accounts of eligible investors on September 13. The shares will get listed on BSE and NSE with a tentative date September 16.
Book-running lead managers of Bajaj Housing Finance IPO: Goldman Sachs (India) Securities Private Ltd, Axis Capital, BofA Securities India Ltd, JM Financial, SBI Capital Markets Ltd, and Kotak Mahindra Capital Company Ltd.
Bajaj Housing Finance IPO GMP is going strong as it stood at around 90 per cent on September 10 morning, investorgain reported. The IPO has received a strong response from the investors. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
