The Bajaj Housing Finance IPO has generated immense excitement among investors in India. As a major event in the financial world, this IPO launched by Bajaj Housing Finance Limited, a subsidiary of the well-known Bajaj Group, aims to raise ₹6,560 crores.
The IPO was open for subscription from September 9 to September 11, 2024. This article will walk you through the Bajaj Housing Finance IPO allotment status, subscription details, and how you can check the allotment results.
Overview of Bajaj Housing Finance IPO
Bajaj Housing Finance Limited is a prominent player in India’s housing finance market, providing various mortgage products. The Bajaj Housing Finance IPO includes both a fresh issue of shares and an offer for sale by its promoter, Bajaj Finance Limited.
Key Bajaj Housing Finance IPO Details
| Detail | Information |
|---|---|
| IPO Size | ₹6,560 crores |
| Price Band | ₹66 to ₹70 per share |
| Face Value | ₹10 per share |
| Minimum Bid | 214 shares |
| Fresh Issue | ₹3,560 crores |
| Offer for Sale | ₹3,000 crores |
| Subscription Dates | September 9-11, 2024 |
| Allotment Date | September 12, 2024 |
| Listing Date | September 16, 2024 |
Subscription Performance
The Bajaj Housing Finance IPO witnessed a phenomenal response, with a total subscription of 67.43 times by the closing date.
The strong demand from investors across various categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs), reflects their confidence in the company’s potential.
Bajaj Housing Finance IPO Subscription Data
| Date | Total Subscription |
|---|---|
| Day 1 (September 9, 2024) | 2.26 times |
| Day 2 (September 10, 2024) | 8.08 times |
| Day 3 (September 11, 2024) | 67.43 times |
On the final day, QIBs subscribed over 209 times, NIIs subscribed 41.51 times, and RIIs subscribed 7 times, marking an exceptional end to the subscription period.
How to Check Bajaj Housing Finance IPO Allotment Status
If you applied for the Bajaj Housing Finance IPO, here are the steps to check your allotment status:
- Visit the official KFin Technologies website.
- Go to the IPO allotment status section.
- Select Bajaj Housing Finance IPO from the dropdown.
- Enter your PAN number, application number, or DP ID.
- Submit the information to view your allotment status.
Alternatively, investors can check their allotment status on the BSE website by following similar steps.
Financial Performance of Bajaj Housing Finance
Bajaj Housing Finance Limited has shown impressive financial growth, backed by a strong portfolio of mortgage products.
The company’s revenue and profit after tax (PAT) have seen consistent growth, further boosting investor confidence.
Bajaj Housing Finance Financial Highlights
| Year | Revenue (₹ Crores) | Profit After Tax (₹ Crores) |
|---|---|---|
| FY 2021 | 67,413.6 | 8,099.7 |
| FY 2022 | 105,031.9 | 12,578.0 |
| FY 2023 | 122,335.0 | 17,312.2 |
| FY 2024 (Proj.) | 147,199.1 | 4,826.1 |
Grey Market Premium (GMP) Update
The Bajaj Housing Finance IPO has been actively traded in the grey market, with a current premium of 105.75%. This indicates a positive market sentiment ahead of the listing on September 16, 2024.
Grey Market Premium Overview
| Date | GMP (%) |
|---|---|
| September 12, 2024 | 105.75% |
The Bajaj Housing Finance IPO has become a milestone in India’s financial market, with a record-breaking subscription and strong investor demand.
As the allotment status is set to be announced on September 12, 2024, investors eagerly await the results.
With a robust financial background and promising market prospects, Bajaj Housing Finance is positioned for significant growth in the housing finance sector.
To check your Bajaj Housing Finance IPO allotment status, visit the official KFin Technologies or BSE website. Stay informed and make the most of this exciting investment opportunity.