Last Day of Bajaj Housing Finance IPO: Did You Subscribe?

On the last day of bidding, Bajaj Housing Finance IPO garnered an increased subscription from investors. Bajaj Housing Finance IPO to close on  September 11, 2024. The allotment for the Bajaj Housing Finance IPO is expected to be finalised on September 12, 2024. Bajaj Housing Finance IPO will be listed on BSE and NSE with a tentative listing date of Monday, September 16, 2024. 

Bajaj Housing Finance IPO price band was set at ₹66 to ₹70 per share. The minimum lot size for an application is 214 Shares. The minimum amount of investment required by retail investors is ₹14,980. 

At 11:50 AM on September 11, 2024, Bajaj Housing Finance IPO subscribed 17.18 times. The public issue subscribed 5.74 times in the retail category, 33.77 times in QIB, and 27.25 times in the NII category.

Bajaj Housing Finance IPO last GMP was ₹69.50, last updated Sep 11th 2024 09:56 AM. With the price band of 70.00, Bajaj Housing Finance IPO’s estimated listing price is ₹139.5 (cap price + today’s GMP). The expected percentage gain/loss per share is 99.29%.

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. Bajaj Housing Finance provides customised financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. 

The company’s mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance. As of March 31, 2024, the company had 3,08,693 active customers, of which 81.7% were home loan customers. The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by 6 centralised retail loan review centres and seven centralised loan processing centres.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.