Bajaj Housing Finance IPO: All You Need to Know About the Rs 6,560 Crore Public Offering
The Bajaj Housing Finance IPO was a massive success, with strong interest across investor categories. The IPO was priced between Rs 66- Rs 70 per share.
Bajaj Housing Finance IpoBajaj Finance LimitedMortgage LoansHousing FinanceIndian Financial Services SectorReal Estate NewsSep 14, 2024
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.
Frequently Asked Questions
What is the price band for the Bajaj Housing Finance IPO?
The price band for the Bajaj Housing Finance IPO is Rs 66 to Rs 70 per share.
How much was the Bajaj Housing Finance IPO oversubscribed?
The Bajaj Housing Finance IPO was oversubscribed by 67.43 times.
What is the minimum investment required for individual investors in the Bajaj Housing Finance IPO?
Individual investors are required to invest at least Rs 14,980 for 214 shares.
What is the purpose of the Bajaj Housing Finance IPO?
The funds raised from the IPO will be used to strengthen the company's capital foundation, preparing it for future lending activities.
When did the bidding process for the Bajaj Housing Finance IPO take place?
The bidding process for the Bajaj Housing Finance IPO took place from September 9 to September 11, 2024.
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