The much-anticipated allotment for the Bajaj Housing Finance IPO is scheduled to take place today, Thursday, September 12. Investors who participated in the IPO can expect to receive updates on the status of their application via SMS, email alerts, or notifications from their banks. If you do not receive an allotment, funds blocked for the IPO will be unblocked in your bank account by the weekend.
Record-Breaking IPO Subscription
The Bajaj Housing Finance IPO received an overwhelming response from investors during the three-day bidding period, which was open from September 9 to September 11. The Pune-based housing finance company offered shares within a fixed price band of ₹66-70 per share, with a minimum lot size of 214 shares. The IPO raised a total of ₹6,560 crore, which included a fresh issue worth ₹3,560 crore and an offer for sale (OFS) worth ₹3,000 crore.
The IPO was subscribed 63.61 times overall, with a stellar response from various investor categories. The quota reserved for Qualified Institutional Buyers (QIBs) was subscribed a staggering 209.36 times, while Non-Institutional Investors (NIIs) saw a subscription of 41.51 times. Retail investors subscribed to the issue 7.04 times, while shareholders and employees saw subscriptions of 17.53 and 2.05 times, respectively.
Grey Market Premium (GMP) Surge
In the grey market, Bajaj Housing Finance has been commanding a substantial premium. As of the latest reports, the Grey Market Premium (GMP) stood at ₹75 per share, indicating a potential listing gain of approximately 104% for successful allottees. However, when the IPO closed, the GMP was around ₹70 per share.
How to Check Bajaj Housing Finance IPO Allotment Status
Investors can easily check the status of their IPO allotment through the following methods:
1. Bombay Stock Exchange (BSE) Website:
- Visit the BSE website at BSE IPO Application Check
- Select “Equity” under the issue type.
- Choose “Bajaj Housing Finance Ltd” from the dropdown menu.
- Enter your application number and PAN details.
- Verify by completing the CAPTCHA and submit to check the status.
2. KFin Technologies Website (Registrar to the Issue):
- Go to the KFin Technologies website at KFin IPO Status
- Select the IPO from the dropdown list (available only after the allotment is finalized).
- Enter your application number, Demat account number, or PAN ID.
- Select your application type (ASBA or non-ASBA).
- Fill in the CAPTCHA and submit to view your allotment status.
Next Steps After Allotment
The shares of Bajaj Housing Finance are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, September 16. Investors are advised to monitor the grey market premium and the market conditions leading up to the listing.
Conclusion
With an unprecedented demand and historic subscription numbers, the Bajaj Housing Finance IPO has generated immense interest from all categories of investors. Whether you’re awaiting your allotment or tracking the GMP, this IPO has certainly captured the market’s attention. Stay updated to see how it performs post-listing!
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Always consult with a financial advisor before making investment decisions.
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