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Bajaj Housing Finance IPO: All You Need to Know About the Rs 6,560 Crore Public Offering

By GeoSquare News Desk · Published 2024-09-14

The initial public offering (IPO) of Bajaj Housing Finance was a huge success, with the issue getting oversubscribed by 67.43 times. This indicates a massive interest from investors in the company's public offering.

The Bajaj Housing Finance IPO was worth Rs 6,560 crore, consisting of a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3,000 crore. The retail category of the public offering was oversubscribed 7.41 times, while the qualified institutional buyer (QIB) section was oversubscribed 222.05 times. The non-institutional investor (NII) segment also saw significant interest, with an oversubscription of 43.98 times.

The bidding process for the Bajaj Housing Finance IPO took place from September 9 to September 11, 2024, and the allotment was done on September 12. The price band for the IPO was set at Rs 66 to Rs 70 per share. Individual investors were required to invest at least Rs 14,980 for 214 shares, while larger investors had to invest in lots of 2,996 shares (small NII) or 14,338 shares (big NII).

According to grey market premium tracking websites, Bajaj Housing Finance IPO shares are trading at a premium of Rs 75 - Rs 80 in the unlisted market. This indicates a strong demand for the company's shares.

Bajaj Housing Finance was established in 2008 and has been registered with the National Housing Bank since 2015. The company has been offering mortgage loans since 2018. The funds raised from the IPO will be used to strengthen the company's capital foundation, preparing it for future lending activities.

Information
Bajaj Housing Finance is a mortgage lending company that offers a range of housing loan products to its customers. The company has a strong presence in the Indian housing finance market and has been growing rapidly in recent years.

Bajaj Housing Finance is a subsidiary of Bajaj Finance Limited, one of India's leading financial services companies. Bajaj Finance Limited is a well-established player in the Indian financial services sector, with a presence in multiple business segments, including consumer finance, commercial lending, and insurance.