Bajaj Housing Finance: The subscription of Bajaj Housing Finance’s IPO is going to close this evening. The Rs 6,560 crore IPO of this Bajaj Group company was subscribed 62.96 times till Wednesday afternoon. There is a lot of bidding on it on Wednesday as well. The grey market price (GMP) of the IPO is also skyrocketing. The investors’ attitude towards this IPO is so strong that Rs 4,06,720 crore has been invested in its portion opened for the public. Some experts have already started considering it a multibagger.
QIB subscribed more than 130 times, growth continues
According to several media reports, tremendous demand is being seen for this IPO from non-institutional investors (NII). They have subscribed their share 41.23 times so far. On Wednesday, all eyes are on qualified institutional buyers (QIB). They have subscribed this IPO 206.92 times. Retail investors have subscribed it 6.74 times. The employees’ share has been subscribed 1.92 times. Bajaj Housing Finance had already received Rs 1,758 crore from anchor investors.
These IPOs had crossed the figure of Rs 1 lakh crore
Earlier in August 2024, a bid of Rs 1.48 lakh crore was placed on the Premier Energies IPO of Rs 2,830 crore. In November 2023, a bid of Rs 1.56 lakh crore was also placed on the Rs 3,042 crore IPO of Tata Technologies.
GMP crosses Rs 70, indications of double profits are being received
According to various IPO tracking platforms, the GMP of Bajaj Housing Finance IPO has gone up to Rs 70. By the evening of the second day, its GMP was Rs 65. As soon as the IPO was announced, it started trading at a premium of Rs 50. It is believed that it can give a profit of more than 100 percent on listing. This is the reason why it is already being called a multibagger. Its listing is going to happen on Monday, September 16.
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