New Delhi: Bajaj Housing Finance IPO is all set to be open for public subscription on September 9, 2024. The Rs 6,560-crore initial share-sale for public subscription will conclude on 11th September. The anchor investors are allowed to bid for a day on September 6, according to the red herring prospectus (RHP).
The upcoming IPO comprises a fresh issue of equity shares of up to Rs 3,560 crore and an offer for sale (OFS) of equity shares to the tune of Rs 3,000 crore by parent Bajaj Finance.
Bajaj Housing Finance allotment is expected to take place on September 12, 2024, while the initiation of refunds process is scheduled to take place on 13th September. The shares are likely to be credited to the demat accounts of eligible shareholders on September 13. The stock will be listed on BSE and NSE with a tentative date fixed for September 16.
Bajaj Housing Finance IPO GMP, allotment
Even before the announcement of the price band, Bajaj Housing Finance IPO GMP is already Rs 54 on September 2 morning, as per investorgain. The GMP price indicates that the shares will be in high demand and the IPO is set to get a huge response from the investors.
Book running lead managers of the Bajaj Housing Finance IPO: Bofa Securities India Limited, Axis Capital Limited, Kotak Mahindra Capital Company Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, Iifl Securities Ltd, and Jm Financial Limited. Kfin Technologies Limited is the registrar for the issue.
Bajaj Housing Finance details
The company said it is launching the IPO as the Reserve Bank of India’s (RBI’s) regulations require upper layer non-banking financial companies (NBFCs) to be listed on the stock exchanges by September 2025.
Bajaj Housing Finance, a non-deposit taking housing finance company, offers financial solutions for purchasing and renovating residential and commercial properties. It is registered with the National Housing Bank since September 2015.
(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.)
The much-awaited Bajaj Housing Finance IPO is all set to open on September 9, 2024. The price band of the public offer is yet to be announced, however, the IPO is already making ab buzz in the grey market. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
