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Bajaj Housing Finance IPO Day 2 Highlights: Issue subscribed 7.50 times so far, NIIs lead; check key details
4 min read | Updated on September 10, 2024, 17:10 IST
SUMMARY
Bajaj Housing Finance IPO consists of a fresh issue of shares of up to ₹3,560 crore and an offer-for-sale component of ₹3,000 crore by parent Bajaj Finance.
Bajaj Housing Finance is a non-deposit-taking housing finance company registered with the National Housing Bank since September 2015.
The issue has been subscribed 7.50 times so far on the second day of bidding.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 7.46 |
| Non-institutional investors | 16.45 |
| Retail Individual Investors (RIIs) | 3.83 |
The issue has been subscribed 5.59 times so far on the second day of bidding.
| Category | Number of times subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 2.87 |
| Non-institutional investors | 13.83 |
| Retail Individual Investors (RIIs) | 3.46 |
SBI Capital Markets Ltd, BofA Securities India Ltd, Goldman Sachs (India) Securities Private Ltd, Axis Capital, JM Financial Ltd and Kotak Mahindra Capital Company Ltd are the book-running lead managers that will manage the company's public issue.
The initial public offering has been subscribed 3.54 times so far on Tuesday.
- Qualified institutional buyers (QIBs): 1.09 times
- Non institutional investors (NIIs): 8.48 times
- Retail individual investors (RIIs): 2.65 times
The initial public offering has been subscribed 2.47 times so far on Tuesday.
- Qualified institutional buyers (QIBs): 1.07 times
- Non institutional investors (NIIs): 5.23 times
- Retail individual investors (RIIs): 2.01 times
On the first day of bidding on Monday, the initial public offering was subscribed 2.01 times.
The portion meant for retail investors got subscribed 1.50 times, while the non-institutional investors' quota fetched 4.35 times the subscription. The Qualified Institutional Buyers (QIBs) category received 1.07 times the subscription.
The ₹6,560-crore Bajaj Housing Finance IPO is open for subscription from September 9 to September 11. The company has set a price band of ₹66-₹70 per share.
On Friday, Bajaj Housing Finance collected ₹1,758 crore from anchor investors.
The IPO has a fresh issue of shares of up to ₹3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore by parent Bajaj Finance.
The proceeds from the fresh issue will be used to augment the company's capital base and meet future capital requirements.
About Bajaj Housing Finance
Bajaj Housing Finance is a non-deposit-taking housing finance company registered with the National Housing Bank since September 2015. It offers financial solutions for purchasing and renovating residential and commercial properties.
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