New Delhi: Bajaj Housing Finance IPO subscription will open on Monday, September 9, 2024. The company on Friday, September 5, 2024, raised 26.79% of the IPO fundraise target of Rs 6,560 crore from anchor investors including the Government of Singapore, the Abu Dhabi Investment Authority, Morgan Stanley, Nomura, Goldman Sachs, JP Morgan India Investment Trust, SBI Life Insurance, ICICI Prudential Life Insurance, HDFC Mutual Fund (MF), SBI MF and Nippon India MF.
SBI Capital Markets, Goldman Sachs (India) Securities, Kotak Mahindra Capital Company, BofA Securities and JM Financial are acting as book running lead managers on the IPO.
Bajaj Housing Finance IPO GMP and key dates
Bajaj Housing Finance IPO GMP stood at Rs 52 apiece on September 7, 2024, on a price of Rs 66-70 apiece, indicating a listing price of Rs 122 apiece, a premium of 74.29 per cent, over the IPO price of Rs 70 per share, according to Investorgain.com. However, it has to be noted that GMP is an unofficial estimate. While bidding for the IPO will close on September 11, 2024. the allotment will be finalised on September 12, 2024. Bajaj Housing Finance IPO listing will take place on September 16, 2024, on the BSE and NSE.
Bajaj Housing Finance IPO key details
Bajaj Housing Finance IPO’s minimum lot size is 214 shares, priced at Rs 66-70 apiece, equalling Rs 14,980. The maximum number of shares that a retail investor can bid is 13, or 2,782 equity shares entailing a Rs 1,94,740 investment. The money mopped up from the IPO will be utilised to shore up the capital base of the company. Bajaj Housing Finance is a non-deposit taking housing finance company engaged in the business of financial solutions for purchasing and renovating residential/commercial assets. At the end of FY24, 81.7 per cent of the customers of Bajaj Housing Finance were home loan customers.
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Bajaj Housing Finance IPO raised over Rs 1,700 crore from anchor investors. The Rs 6,560 crore IPO opens for subscription on Monday September 9, 2024.. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
