The Bajaj Housing Finance IPO GMP has shattered records, attracting a monumental ₹3.23 lakh crore in subscriptions, which is over 1% of India’s GDP. The IPO, with a total issue size of ₹6,560 crore, was oversubscribed by 63.61 times, exceeding previous records held by Coal India Ltd. and Mundra Port. With 72.75 crore shares offered at a price band of ₹66-70, there were bids for an astounding 4,628 crore shares. The allotment was finalized on September 12, 2024, and shares will list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on September 16, 2024. The Bajaj Housing Finance IPO GMP suggests a potential listing price of around ₹150 per share.
Key Highlights of Bajaj Housing Finance IPO GMP
- Total Subscription Amount: ₹3.23 lakh crore
- Total Issue Size: ₹6,560 crore
- Subscription Rate: 63.61 times
- Shares Offered: 72.75 crore
- Bids Received: 4,628 crore shares
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
- Price Band: ₹66 – ₹70 per share
- Expected Listing Price (Based on GMP): ₹150 per share (approx.)
- Gray Market Premium (GMP): ₹79 – ₹80 per share
The Bajaj Housing Finance IPO GMP reflects strong investor demand, with experts predicting substantial listing gains.
Bajaj Housing Finance IPO GMP: Subscription Breakdown
Here’s the breakdown of subscription rates for the Bajaj Housing Finance IPO:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 209 times |
| Non-Institutional Investors (NIIs) | 41.51 times |
| Retail Individual Investors (RIIs) | 7 times |
| Employee Portion | 2.05 times |
The high subscription rate, especially from Qualified Institutional Buyers (QIBs), underscores the confidence in Bajaj Housing Finance Limited.
How to Check Bajaj Housing Finance IPO Allotment Status
To check the allotment status of the Bajaj Housing Finance IPO GMP, follow these steps:
KFin Technologies Portal
- Visit the KFin Technologies website.
- Select ‘Bajaj Housing Finance Limited’ from the dropdown menu.
- Choose verification via Application Number, Demat Account, or PAN.
- Enter the required details and captcha.
- Click ‘Submit’ to view your allotment status.
BSE Website
- Go to the BSE IPO allotment page.
- Select ‘Equity’ under the issue type.
- Choose ‘Bajaj Housing Finance Limited’ from the dropdown list.
- Enter your Application Number or PAN.
- Complete the captcha and click ‘Search’ to check your allotment.
Utilization of IPO Proceeds by Bajaj Housing Finance Limited
The Bajaj Housing Finance IPO proceeds will be allocated as follows:
- Fresh Issue: ₹3,560 crore to enhance the company’s capital base for future growth.
- Offer for Sale (OFS): ₹3,000 crore worth of shares sold by Bajaj Finance, the parent company.
This allocation is designed to fortify Bajaj Housing Finance Limited’s market position and support its expansion strategies.
Bajaj Housing Finance Limited: Company Overview
Bajaj Housing Finance Limited, established in 2015, is a wholly-owned subsidiary of Bajaj Finance Ltd. and is classified as a non-deposit-taking housing finance company by the National Housing Bank. The company provides a wide range of financial solutions, including loans for residential and commercial properties and home renovations. Known for its strong asset base and prudent lending practices, Bajaj Housing Finance Limited has become a leading player in the Indian housing finance sector.
Future Outlook for Bajaj Housing Finance IPO GMP
The Bajaj Housing Finance IPO GMP indicates that the shares may list at approximately ₹150 per share, suggesting potential listing gains. The strong demand for the IPO, particularly from institutional investors, points to a positive future for Bajaj Housing Finance Limited. Analysts recommend holding shares for long-term benefits, given the favorable outlook for the housing finance sector.
Investors should monitor the market closely as the listing date approaches and adjust their strategies accordingly.
Conclusion: Bajaj Housing Finance IPO GMP Indicates Strong Listing Gains
The Bajaj Housing Finance IPO has set new benchmarks with its record-breaking ₹3.23 lakh crore subscription. The robust Bajaj Housing Finance IPO GMP indicates significant potential for listing gains. Investors who have secured shares are well-positioned to benefit from the anticipated positive market performance of Bajaj Housing Finance Limited.
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