Bajaj Housing Finance IPO allotment likely today: Here’s how to check status on NSE and Kfin Technologies

Bajaj Housing Finance IPO share allotment status is expected to be finalised on Thursday, September 12, after the end of the subscription period. The mainboard issue closed with a robust demand on Wednesday, September 11.

Bajaj Housing Finance IPO received bids for more than 4,624.11 crore shares against 72.75 crore shares on offer, resulting in an oversubscription of 63.56 times.

The non-Institutional Investors (NIIs) booked their quota 41.45 times and the retail quota was booked 6.96 times. The Qualified Institutional Buyers (QIBs) booked their segment 209.36 times. The issue was booked 1.99 times under the employee quota and 17.45 times in the shareholders’ category.

Bajaj Housing Finance reserved shares worth ₹500 crore from its offer size for shareholders of Bajaj Finance and Bajaj Finserv. Investors who held shares of either of the two companies on the date on which the company filed its Red Herring Prospectus (RHP) were eligible to bid for the issue under the category. The company filed its RHP on August 30.

The ₹6,560-crore book-building issue was open for bidding from September 9 to September 11. Shares of Bajaj Housing Finance will be listed on the BSE and NSE. The tentative listing date for the Bajaj Housing Finance IPO has been fixed as September 16.

Investors waiting for the allotment status can check the share allocation details on the websites of the NSE, BSE, and the registrar’s portal. Kfin Technologies Limited is the registrar of the issue.

Steps to check Bajaj Housing Finance IPO share allotment status on NSE

• Visit NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• If you have an account on the NSE portal, enter your username and password. Investors will have to create a new login if they are not registered on the NSE website.
• Choose ‘Bajaj Housing Finance’ from the drop-down menu.
• Enter and verify your PAN.
• Type in your IPO application number.
• Click ‘Submit’ and your allotment details will be shown on screen.

Here’s how to check Bajaj Housing Finance IPO share allotment on the registrar's website

• Visit the official website of IPO registrar, Kfin Technologies, at https://www.kfintech.com/
• Go to the Products link on the main menu
• Under the investors tab and select IPO allotment status
• Select one of the five server links displayed on the screen
• Once a new page opens, choose ‘Bajaj Housing Finance’ from the dropdown list
• Type in any one of these- Application Number/Demat Account/PAN.
• Enter the captcha and submit.
• The share allotment status will be shown on the screen.

After finalising Bajaj Housing Finance's share allotment status, the company will initiate refunds for non-allottees on Friday, September 13; shares of Bajaj Housing Finance will also be credited to the demat accounts of successful bidders on the same day.

Bajaj Housing Finance IPO objective

The company plans to use the money raised via the public issue to augment its capital base and meet future business requirements for onward lending.

Bajaj Housing Finance IPO details

The ₹6,560-crore IPO consisted of a fresh issue of 50.86 crore shares, aimed at raising ₹3,560 crore, and an offer-for-sale (OFS) portion of 42.86 crore shares, aggregating ₹3,000 crore.

Bajaj Housing Finance IPO price band was fixed at ₹66 to ₹70 per share. The minimum lot size for retail investors was fixed at 1 lot consisting of 214 shares, which aggregated to an investment of ₹14,980.

About Bajaj Housing Finance

Bajaj Housing Finance, founded in 2008, is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB). The Bajaj Group firm provides customised financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. The company has a network of 215 branches covering 174 locations across India.