Bajaj Housing Finance IPO Allotment: Bajaj Housing Finance Limited’s IPO has received a good response from investors. The size of this IPO of Bajaj Group is Rs 6,560 crore. This IPO has been subscribed about 68 times in three days. In this IPO, which closed on Wednesday, qualified institutional buyers (QIB) had subscribed their reserve portion up to 222.05 times. At the same time, non-institutional investors (NII) had subscribed their portion 43.98 times and retail investors had filled their portion up to 7.41 times. At the same time, the employees of the company have subscribed their reserve portion 2.13 times and other investors have subscribed their reserve portion up to 18.54 times.
IPO received bids worth about Rs 4.5 lakh crore
The company has received a tremendous response from investors, which has become a record in itself. The company has issued shares under a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3,000 crore. In return for the issue of Rs 6,560 crore, the company has received bids of Rs 4.42 lakh crore from investors.
When will the shares be listed-
The Reserve Bank of India had asked the country’s leading non-banking financial companies to get listed on the stock market by September 2025. In such a situation, the company is following this rule. The book running lead managers of this issue are Axis Capital, Kotak Mahindra Capital Company, Goldman Sachs (India), SBI Capital Markets, JM Financial, BofA Securities India and IIFL Securities. At the same time, Caffeine Technologies is the registrar of the IPO. The company’s shares will be listed on the stock market on Monday, 16 September 2024.
How to check allotment of shares?
1. To check the allotment status of IPO, you can visit the official website of Bombay Stock Exchange (BSE).
2. For this you click on https://www.bseindia.com/investors/appli_check.aspx.
3. Next select Equity in the issue type.
4. Now enter Bajaj Finance Limited in the issue option.
5. Next enter your PAN card number.
6. Then enter the captcha and click on the Search button.
7. Further, you will start seeing the allotment status in a few seconds.
8. You can also download and print it.
How is the condition of GMP?
The company’s shares are indicating a strong listing in the grey market. On Thursday, September 12, the company’s shares are trading at a premium of 111.43 per cent over the GMP of Rs 78. The issue price in the IPO is Rs 70. If the situation remains the same till the day of listing, then the shares can be listed at Rs 148.
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