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Bajaj Housing Finance IPO steals the show: Key figures, records and insights

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
By Kamal Joshi

2 min read | Updated on September 12, 2024, 12:36 IST

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SUMMARY

Bajaj Housing Finance IPO received 63.61 times subscription amid overwhelming participation from institutional buyers. As the Bajaj Group company is set for listing on September 16, here are key things you should know.

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Bajaj Housing Finance enjoys widespread recognition as a reliable retail brand due to the distinguished heritage of the 'Bajaj' brand.

The mega initial public offering of Bajaj Housing Finance set a few records on Wednesday after the IPO closed for bidding. It witnessed strong demand for qualified institutional buyers (QIBs) and non-institutional investors.

The Bajaj Housing Finance IPO share allotment will likely be finalised on Thursday. To check the allotment status, CLICK HERE.

Bajaj Housing Finance IPO: In numbers

  • Around 89 lakh investors placed bids for Bajaj Housing Finance IPO, which seeks to raise ₹6,560 crore.
  • With applications from more than 89 lakh investors, Bajaj Housing Finance has surpassed record held by Tata Tech IPO, which had received 73.3 lakh applications.
  • The initial share sale attracted bids for 46,28,35,82,522 shares against 72,75,75,756 equity shares on offer, according to consolidated data on NSE.
  • The issue was subscribed 63.61 times as investors placed bids worth over ₹3.2 lakh crore.
  • With a bid amount of over ₹3 lakh crore, the Bajaj Group company has surpassed Coal India IPO, which had received bids worth ₹2.3 lakh crore.
  • Qualified institutional buyers (QIBs) quota was subscribed whopping 209.36 times the portion reserved for them.
  • The part reserved for non-institutional investors (NIIs) attracted 41.51 times the subscription.
  • The portion set aside for retail investors was booked 7.04 times.
  • The quota allotted to shareholders of Bajaj Finance and Bajaj Finserv was subscribed 17.53 times.
  • The employees' portion also saw 2.05 times the subscription.
  • Prior to the IPO, the company had raised ₹1,758 crore from anchor investors.
  • The price band for Bajaj Housing Finance IPO was ₹66-₹70 per share.
  • The IPO consists a fresh issue of ₹3,560 crore and an offer-for-sale (OFS) of shares worth ₹3,000 crore by parent Bajaj Finance.
Upcoming IPO: Northern Arc Capital IPO: Date, price band, lot size and all you need to know

Bajaj Housing Finance IPO was open from September 9 to September 11. The allotment status will likely be finalised on Thursday, September 12, 2024.

Also Read: Bajaj Housing Finance IPO: Key strengths, risks and business strategies

Successful investors' shares will be credited to their Demat accounts on September 13, and unsuccessful investors' funds will be refunded on the same day. The Bajaj Housing Finance IPO listing date is September 16.

To learn more about IPO listings, schedules, and upcoming IPOs, click here.
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About The Author

WhatsApp Image 2024-06-20 at 9.58.49 AM.jpeg
Kamal Joshi is a business journalist who covers industries, markets and IPOs. He is passionate about breaking news and enjoys playing tennis, where he loves flexing his backhand.

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