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Bajaj Housing Finance IPO: Last day of bidding, watch the clock and apply before then

Bajaj Housing Finance IPO: Bajaj Housing Finance’s IPO is receiving overwhelming response. The Mega IPO will be open for today (Thursday 11 September) only. You can place your bid till 5 pm. You will not be able to apply for a bid after 5pm. It has received a bumper subscription in the last two days. Demand for the public portion of the issue has already crossed Rs 38,000 crore. It will be interesting to know on the third day whether the total bidding figure will reach Rs 1 lakh crore.

Bajaj Housing Finance’s Rs 6,560 crore public issue has already received strong demand from the non-institutional investor (NII) category. The IPO was oversubscribed 7.5 times by the end of the second day of bidding. Today, all eyes will be on Qualified Institutional Buyers (QIBs), who have so far subscribed 7.46 times their allotted portion of the Bajaj Housing Finance IPO.

Also Read: Stock price less than Rs 14, Aditya Birla increases stake in company, buys nearly 2 crore shares

Bajaj Housing Finance last week raised Rs 1,758 crore from anchor investors, making Rs 4,802 crore of the total issue size (6,560 crore) available for public subscription. If the public portion of the issue is subscribed at least 21 times, the total subscription amount can reach Rs 1 lakh crore.

Previous IPOs with bids above 1 Lakh Crore
Over Rs 1.48 lakh crore was bid for Premier Energy Limited’s Rs 2,830 crore IPO in August 2024. Earlier, Tata Technologies’ Rs 3,042 crore IPO in November 2023 had received a total bid of Rs 1.56 lakh crore. In Tata Tech’s IPO, bids were received for 312 crore shares against an offer of 4.5 crore shares.

Earlier, Coal India’s Rs 15,200 crore IPO raised Rs 2.33 lakh crore in 2008. Four days were given for his bid. In the same year, the Reliance Power IPO also raised Rs 7.12 lakh crore during its four-day bidding.

GMP of Bajaj Housing Finance
According to some platforms that monitor gray market activity, the GMP (grey market premium) for the Bajaj Housing Finance IPO has increased to around Rs 60. The company’s shares are showing a premium of more than 85 percent due to high demand.

10 Important Questions and Their Answers

  • When can you buy shares?

    You can buy shares of this company from September 9 to September 11.

  • What is the price of a share?

    The price of one share has been kept between Rs.66 and Rs.70.

  • How much money is the goal to raise?

    The company wants to raise a total of Rs 6560 crore from this IPO.

  • How many shares are being sold?

    The company is selling 50.86 crore new shares and also selling 42.86 crore existing shares.

  • Minimum number of shares required to be purchased?

    You must buy at least 214 shares. This means you have to invest a minimum of Rs 14,980.

  • What is the redemption date of shares?

    You will know by September 12 how many shares you have received.

  • When will the shares be available for purchase and sale?

    You will be able to buy and sell these shares in the secondary market from September 16.

  • Who will account for the shares?

    A company called Kfin Technologies Limited will monitor these shares.

  • On which exchange will it be listed?

    You will be able to buy and sell these shares on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

  • What is the GMP of shares now?

    Right now, people think that the share price can go up to Rs 127. That means the share price can increase by 81.43%.

  • Tags: Investments and Returns, IPO, Stock market, Stock market

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