Bajaj Housing Finance IPO Allotment has been completed, and those who received shares are now getting bank debit messages. For those who didn’t get an allotment, the blocked funds will be released soon. Investors can check their allotment status on the BSE, NSE websites, or through Kfin Technologies’ portal. The shares will be listed on Monday, September 16, and based on the latest grey market premium (GMP), investors could see gains of up to 112% on listing day.
The IPO, which was open for subscription from September 9 to 11, was highly popular, receiving 67.43 times more bids than the 68.6 crore shares available. A total of 46.25 billion shares were bid for. The price range for the Rs 6,560-crore IPO was set between Rs 66 and Rs 70 per share.
Bajaj Housing Finance is a non-deposit taking housing finance company registered with the National Housing Bank since September 2015. It provides financial solutions for buying and renovating both residential and commercial properties.
The Reserve Bank of India (RBI) classifies it as an “upper layer” non-banking finance company (NBFC). Its range of mortgage products includes home loans, loans against property, lease rental discounting, and developer financing.
For the financial year 2023-24, Bajaj Housing Finance reported a net profit of Rs 1,731 crore, which is a 38% increase from Rs 1,258 crore in FY23.
Recently, Aadhar Housing Finance and India Shelter Finance have also listed on the stock exchanges.
Bajaj Housing Finance IPO Allotment : How to Check Status?
Now that the Bajaj Housing Finance IPO Allotment is finalized, you can check your status by following these steps:
Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
Choose ‘Equity’ under ‘Issue Type’.
Select ‘Bajaj Housing Finance Ltd’ from the drop-down list under ‘Issue Name’.
Enter your application number or Permanent Account Number (PAN).
Complete the verification by clicking ‘I am not a robot’ and then click ‘Search’.
Your application status of Bajaj Housing Finance IPO Allotment will be displayed.
You can also check the allotment status on the Kfin Technologies portal at https://ris.kfintech.com/ipostatus/.
Bajaj Housing Finance IPO: Today’s GMP
Market observers report that the unlisted shares of Bajaj Housing Finance Ltd are trading at Rs 79.50 above the issue price in the grey market. This grey market premium (GMP) of Rs 79.50 indicates an expected listing gain of 113.57% for the public issue. However, the GMP is driven by market sentiment and can fluctuate over time.
Also Check:
What is Grey Market Premium?
The ‘grey market premium’ shows how much investors are willing to pay above the IPO issue price.
Bajaj Housing Finance IPO: Key Details
The IPO includes a fresh issue of equity shares worth up to Rs 3,560 crore and an offer-for-sale (OFS) of shares worth Rs 3,000 crore by Bajaj Finance, the parent company.
This share sale is in line with the Reserve Bank of India (RBI) regulations that require large non-banking finance companies to be listed on stock exchanges by September 2025.
Before the IPO, the company raised Rs 1,758 crore from anchor investors. Notable anchor investors include the Government of Singapore, Abu Dhabi Investment Authority, Fidelity, Morgan Stanley, Nomura, Goldman Sachs, JP Morgan, SBI Life Insurance, ICICI Prudential, HDFC Mutual Fund, and others.
The funds from the fresh issue will be used to strengthen the company’s capital base to support future growth needs.
In June, Bajaj Housing Finance submitted initial paperwork to Sebi for a Rs 7,000 crore IPO. This includes a fresh issue of shares worth Rs 4,000 crore and an offer-for-sale (OFS) of Rs 3,000 crore from its parent company. The market regulator approved the IPO earlier this month.
Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, and JM Financial Ltd are the lead managers overseeing the public issue.
