The much-anticipated Bajaj Housing Finance IPO allotment is being finalized today, September 12, 2024. This ₹6,560 crore IPO received an overwhelming response from investors, with a record-breaking subscription rate of 63.61 times. With demand exceeding expectations, investors are eagerly awaiting to check if they have been allotted shares in this blockbuster offering.
Key Details of the Bajaj Housing Finance IPO
The IPO saw massive interest across all categories of investors:
- Qualified Institutional Buyers (QIBs) subscribed 209.36 times over.
- Non-Institutional Investors (NIIs) bid 41.51 times their reserved quota.
- Retail investors subscribed 7.04 times.
- The employee portion saw a 2.05 times subscription.
This massive response reflects strong confidence in Bajaj Housing Finance’s growth potential and its standing as a subsidiary of the Bajaj Group, one of India’s most trusted financial services firms.
How to Check Your Allotment Status
If you applied for the IPO, here’s how to check whether you’ve been allocated shares:
1. Via Kfin Technologies (the IPO Registrar)
- Visit Kfin Technologies’ IPO status page here.
- Select “Bajaj Housing Finance” from the dropdown menu.
- Enter your PAN, application number, or Demat account details.
- Complete the CAPTCHA and click “Submit” to view your status.
2. Via BSE Website
- Visit the BSE IPO allotment page here.
- Choose “Equity” under “Issue Type” and select “Bajaj Housing Finance IPO” from the dropdown.
- Enter your application number and PAN to check the status.
3. Via NSE Website
- Visit the NSE IPO status page here.
- Sign in using your PAN or register as a new user.
- After logging in, you can view the allotment status.
Grey Market Premium (GMP) and Potential Listing Price
The Grey Market Premium (GMP) for Bajaj Housing Finance stands at ₹74 per share, which hints at a strong market debut. Based on the IPO price range of ₹66-₹70, the shares are expected to list at approximately ₹144 per share, which represents a 105% gain for investors.
Important Dates
- Refunds for unsuccessful applicants will be initiated by September 13, 2024.
- Shares will be credited to successful applicants in their Demat accounts on the same day.
- Listing Date: Bajaj Housing Finance shares are scheduled to be listed on both the BSE and NSE on Monday, September 16, 2024.
Key Bullet Points:
- Bajaj Housing Finance IPO received record-breaking demand, with an oversubscription of 63.61 times.
- The allotment status can be checked via Kfin Technologies, BSE, or NSE portals.
- The Grey Market Premium (GMP) hints at a potential 105% listing gain.
- Refunds for unsuccessful applicants begin on September 13, and shares will be credited to successful applicants on the same day.
- The shares will list on BSE and NSE on September 16.
With such a robust response and strong grey market sentiments, the IPO listing is highly anticipated by investors, making Bajaj Housing Finance a stock to watch.
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