Bajaj Housing Finance IPO: Who is eligible and how to apply under the shareholders' category?

The mega ₹6,560 crore IPO of Bajaj Housing Finance is open for subscription and has received a good response from investors. Within the first few hours of bidding, the issue has been fully subscribed.

The retail investors portion attracted 1.05 times times the subscription, while qualified institutional investors (QIBs) category received 0.36 times the subscription.

Bajaj Housing Finance IPO: Who can apply under the shareholders' quota?

Anyone who holds even a single equity share of Bajaj Finance or Bajaj Finserve as of the cut-off date is eligible to apply for Bajaj Housing Finance shares under the shareholders' quota. According to SEBI guidelines, those who hold parent company shares on the filing date of the red herring prospectus or RHP can apply under the shareholders' quota for the subsidiary company.

For Bajaj Housing Finance, the cut-off date was August 30, 2024.

Bajaj Housing Finance IPO: How can those bidding under the shareholders' quota benefit?

The shareholders of Bajaj Finance and Bajaj Finserv are eligible to file two applications - one under the shareholders' quota and another as retail/non-institutional investors.

The ₹6,560 crore IPO, with a price range of ₹66-₹70 per share, is open from September 6 to September 11,

The initial share sale is a fresh issue of shares up to ₹3,560 crore and an offer-for-sale (OFS) component of ₹3,000 crore by parent Bajaj Finance.

The fresh issue proceeds will augment the company's capital base to meet future capital demand.

Bajaj Housing Finance is a major non-deposit taking housing finance company, offers financial solutions for purchasing and renovating residential and commercial properties.