Bajaj Housing Finance IPO: Allotment, Listing Date, and Investor Expectations

Eagerly waiting for the Bajaj Housing Finance IPO results? You can easily check your application status online via the BSE or KFin Technologies websites. The allotment for this highly anticipated IPO will be finalized today, Thursday, September 12, 2024. If you’ve applied, now’s the moment to see if you’ve secured your shares. Keep an eye on your SMS, email, or banking apps for updates, as notifications about share allotment and fund debits or mandate releases will start rolling out by Friday or through the weekend. Stay tuned, and get ready to seize your investment opportunity!

Record-Breaking Demand for Bajaj Housing Finance IPO

The Bajaj Finance Ltd. IPO is making waves with an impressive issue size of Rs 6,560 crore, including a fresh issue of Rs 3,560 crore and an offer-for-sale of Rs 3,000 crore. Priced attractively in the range of Rs 66-70 per share, investors needed to apply for a minimum of 214 shares to participate. The IPO witnessed overwhelming demand, being subscribed to a staggering 63.61 times overall. Qualified institutional buyers (QIBs) led the charge with a phenomenal 209.36 times subscription, while non-institutional investors (NIIs) weren’t far behind, subscribing 41.51 times. Retail investors also showed strong interest with a subscription rate of 7.04 times. This level of enthusiasm underscores the strong market confidence in Bajaj Finance Ltd’s growth prospects!

Historic Response: First Indian IPO to Cross Rs 3 Lakh Crore in Bids

Bajaj Housing Finance’s IPO has made history by attracting bids worth an astounding Rs 3.24 lakh crore, marking it as the first Indian IPO to surpass the Rs 3 lakh crore milestone. The overwhelming majority of this interest was driven by institutional investors, with Qualified Institutional Buyers (QIBs) alone bidding over Rs 2.60 lakh crore for the 17.75 million shares reserved for them. This unprecedented demand reflects the strong market confidence in Bajaj Housing Finance’s robust business model, impressive growth prospects, and esteemed reputation as part of the trusted Bajaj Group.

Surging Grey Market Premium (GMP) Signals High Listing Potential

Following the incredible response to the Bajaj Housing Finance IPO, the Grey Market Premium (GMP) has surged significantly, reaching Rs 78 per share as of September 12, 2024. This premium suggests a projected listing price of approximately Rs 148, offering a remarkable potential return of 111% from the upper issue price band of Rs 70. If you’ve invested in this IPO, checking your allotment status is straightforward:

How to Check Allotment Status: A Step-by-Step Guide

Via the BSE website:

1. Go to the BSE allotment status page: Click here.
2. Select “Equity” as the issue type.
3. Choose “Bajaj Housing Finance Ltd” from the dropdown menu.
4. Enter your application number and PAN card details.
5. Complete the CAPTCHA and click “Submit.”

Via the KFinTech website:

1. Visit the KFin Technologies allotment status portal: Click here.
2. Select “Bajaj Housing Finance Ltd” from the dropdown.
3. Choose your preferred method to check the allotment (Application Number, Demat Account, or PAN).
4. Enter the required details and complete the CAPTCHA.
5. Click “Submit” to view your allotment status.

Stay ahead of the curve and ensure you’re ready to capitalize on this exceptional investment opportunity!

Anticipated Listing on BSE and NSE

Bajaj Housing Finance is all set to debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, September 16, 2024. With the overwhelming demand and strong Grey Market Premium, investors eagerly anticipate a robust listing that could deliver substantial gains. Top brokerages, including Chola Securities, IDBI Capital, and Reliance Securities, have given a ‘Subscribe’ recommendation, praising Bajaj Housing Finance for its solid financial performance, strong backing from the reputable Bajaj Group, and significant growth prospects in the housing finance market.

Final Thoughts: Investment Opportunity with Promising Returns

While there are some concerns about the company’s asset concentration in real estate, the potential for impressive returns on the listing day makes this IPO a compelling opportunity for investors looking to capitalize on the buzz and the promising outlook.