Bajaj Housing Finance IPO: The IPO of finance company Bajaj Housing Finance is going to open on Monday, September 9. Through this IPO, the company has set a target of raising Rs 6,560 crore. Investors can invest in the IPO from September 9 to September 11, 2024. The face value of the company’s shares is Rs 10 per share. Under this IPO, the company is issuing fresh shares worth Rs 3,560 crore and shares worth Rs 3,000 crore will be sold under Offer for Sale. The company’s shares will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). If you are also thinking of investing in this IPO, then first know the important details related to it.
The company raised this much money from anchor investors
Bajaj Housing Finance’s IPO opened for anchor investors on Friday, September 6. The company has raised Rs 1,758 crore from anchor investors. The company has informed that a total of 251,142,856 equity shares have been allotted to anchor investors. These shares have been allotted at Rs 70 per equity share. The Government of Singapore, ICICI Prudential Banking and Financial Services Fund, New World Inc. have participated in the anchor round.
The company has fixed the price band between Rs 66 and Rs 70 per share. Retail investors can bid in one lot of 214 shares in the IPO. At the same time, a maximum of 13 lots can be subscribed. In such a situation, retail investors can invest a minimum of Rs 14,980 and a maximum of Rs 1,94,740.
Important dates related to IPO:
- IPO Opening Date- Monday 9th September 2024
- IPO closing date- Wednesday, September 11, 2024
- Allotment date – Thursday 12 September 2024
- Date to receive refund- Friday 13 September 2024
- Date for transfer of shares to demat account- Friday, September 13, 2024
- Date for crediting shares to demat account- Friday 13 September 2024
- Listing date – Monday 16 September 2024
There is a blast in the gray market
Bajaj Housing Finance Company is showing signs of good earnings in the grey market. The stock remained at a GMP of Rs 51 on Saturday. In such a situation, the listing of shares is possible at Rs 121 with a premium of 72.86 percent. If this happens, the company will be successful in filling the pockets of investors on the very first day.
What does the company do?
Bajaj Housing Finance is a non-deposit taking housing finance company (HFC). This company was established in the year 2008. The company is registered with the National Housing Bank (NHB) since 2015.
Read this also-