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2 min read | Updated on September 13, 2024, 08:29 IST
SUMMARY
Bajaj Housing Finance IPO share allotment status declared: The IPO is a mix of fresh issue of shares of up to ₹3,560 crore and an offer-for-sale or OFS of ₹3,000 crore by parent Bajaj Finance.
Bajaj Housing Finance shares will be listed on NSE and BSE on September 16.
Bajaj Housing Finance IPO share allotment has been finalised, and investors who have placed their bids can now check if they have been allotted shares on the official portal of the registrar, Kfin Technologies Ltd, and the National Stock Exchange (NSE).
The ₹6,560-crore Bajaj Housing Finance IPO, which had a price range of ₹66-₹70 per share, got 63.61 times subscription during the bidding period from September 9 to September 11. The initial share sale received bids for 46,28,35,82,522 shares against 72,75,75,756 shares on offer.
Category | Number of times subscription |
---|---|
Qualified Institutional Buyers (QIBs) | 209.36 |
Non-institutional investors | 41.51 |
Retail Individual Investors (RIIs) | 7.04 |
Total | 63.61 |
The Bajaj Group company had raised ₹1,758 crore from anchor investors before the IPO.
The IPO is a mix of fresh issue of shares of up to ₹3,560 crore and an offer-for-sale or OFS of ₹3,000 crore by parent Bajaj Finance. Proceeds from the public offer will be used to augment the capital base of the company to meet future capital requirements.
Bajaj Housing Finance Limited provides finance to individuals and corporate firms for purchasing and renovating homes or commercial spaces.
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