Bajaj Housing Finance IPO: Check Date, Price, GMP & Other Details
The Bajaj Housing Finance IPO will be hitting the Indian primary market on 9th September 2024. The company filed the Red Herring Prospectus (RHP) at SEBI last week to launch its public offer. Investors can apply for a minimum of 214 equity shares and its multiples thereafter. The issue will close for bidding on September 11.
Bajaj Housing Finance IPO Date
Bajaj Housing Finance’ IPO will open for bidding on Monday, September 9 and end on September 11th, 2024. Anchor book for the issue will open on September 6.
The most likely IPO allotment date is September 12th, 2024, and the listing date is September 16th, 2024.
Shares of the company shall be listed on both BSE and NSE likely on September 16.
Bajaj Housing Finance IPO Price
Bajaj Housing Finance IPO has a price band of ₹66-70 per share, opens on September 9 and closes on September 11.
Bajaj Housing Finance IPO: Grey Market Price
According to stock market observers, the grey market is highly bullish on Bajaj Housing Finance IPO as company shares are available at a premium of ₹61 in the grey market. Bajaj Housing Finance IPO GMP has risen from ₹42 to ₹61. Bajaj Housing Finance’s IPO GMP increased by around 45 per cent.
Bajaj Housing Finance IPO: Details
The company is looking to raise a total of ₹6,560 crore from its primary stake sale, which includes a fresh share sale of ₹3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore from its promoter Bajaj Finance Ltd.
Bajaj Housing Finance IPO: Shareholders Quota
Bajaj Housing Finance has also reserved shares worth ₹200 crore for the eligible employees of the company. Shares worth ₹500 crore shall be reserved for eligible shareholders of Bajaj Finance and Bajaj Finserv. Apart from this, 50 per cent shares will be allocated for qualified institutional bidders while NII and retail investors will get 15 percent and 35 percent.
Bajaj Housing Finance: Registrar & Managers
Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial and IIFL Securities are the book running lead managers of the Bajaj Housing Finance IPO. Kfin Technologies is the registrar for the issue.
Bajaj Housing Finance IPO: Company Details
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking housing finance company registered with the National Housing Bank (NHB) in 2015. Since the financial year 2018, it has been offering mortgage loans. The company specializes in providing tailored financial solutions for both individuals and corporations, covering the purchase and renovation of residential and commercial properties.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
