Bajaj Housing Finance IPO Allotment and GMP

The share allotment for Bajaj Housing Finance’s IPO is complete, and successful applicants are receiving bank debit messages.

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[{"selector":"#anim-a4e8501c-915d-4c7d-827b-84f358c1eb95","keyframes":{"opacity":[0,1]},"delay":100,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] For those who didn’t receive shares, the blocked funds will be released soon. Investors can check their allotment status on the BSE, NSE, or Kfin Technologies' portal.

[{"selector":"#anim-f09b45eb-2a89-4d7d-997c-c3523038be72 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.4859517467917%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The shares will be listed on Monday, September 16. Based on the latest grey market premium (GMP), investors could see gains of up to 112% on listing day. The shares will be listed on Monday, September 16. Based on the latest grey market premium (GMP), investors could see gains of up to 112% on listing day.

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[{"selector":"#anim-fffc3ad5-530a-4e0b-9289-fb0d8fa2aeac","keyframes":{"opacity":[0,1]},"delay":100,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The IPO’s price range was set between Rs 66 and Rs 70 per share, with the total issue amounting to Rs 6,560 crore.

[{"selector":"#anim-56e62377-3185-42d7-ae4a-9eb3921d3036 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-45.23412671129824%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Bajaj Housing Finance is a non-deposit taking housing finance company, registered with the National Housing Bank since September 2015. It offers financial solutions for buying and renovating residential and commercial properties.

[{"selector":"#anim-741325e5-9eca-4d77-b60f-8f6fa875da18","keyframes":{"opacity":[0,1]},"delay":0,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The Reserve Bank of India (RBI) classifies it as an “upper layer” non-banking finance company (NBFC). Its mortgage products include home loans, loans against property, lease rental discounting, and developer financing.

[{"selector":"#anim-ae31539a-7939-4b1b-a1cc-0be1058c240f","keyframes":{"opacity":[0,1]},"delay":100,"duration":3000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] For FY 2023-24, Bajaj Housing Finance reported a net profit of Rs 1,731 crore, marking a 38% increase from Rs 1,258 crore in FY23.

[{"selector":"#anim-e8654d8a-780e-4f44-a894-374b11380800 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.39784134229105%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The grey market premium (GMP) for Bajaj Housing Finance shares is Rs 79.50, indicating an expected listing gain of 113.57%. GMP reflects market sentiment and can change over time. The grey market premium (GMP) for Bajaj Housing Finance shares is Rs 79.50, indicating an expected listing gain of 113.57%. GMP reflects market sentiment and can change over time.