The share allotment for the Bajaj Housing Finance IPO is set to be finalized later today, Thursday. Investors who are allotted shares will receive a debit message from their bank, while those not allotted will have their blocked funds released. Allotment status can be checked on the BSE and NSE websites, as well as on the Kfin Technologies registrar portal.

The Bajaj Housing Finance IPO, which was open for public subscription from September 9 to September 11, was oversubscribed by 67.43 times, with bids received for 46,25,57,71,082 shares against the 68,60,00,009 shares offered. The IPO, valued at Rs 6,560 crore, had a price band set between Rs 66 and Rs 70 per share.

 

Bajaj Housing IPO Oversubscribed  To check the allotment status of the Bajaj Housing Finance IPO, follow these steps once the allotment is finalized:

1. Visit the official BSE website.
2. Select ‘Equity’ under the ‘Issue Type’ dropdown.
3. Choose ‘Bajaj Housing Finance Ltd’ from the ‘Issue Name’ dropdown.
4. Enter your application number or Permanent Account Number (PAN).
5. Complete the CAPTCHA verification by clicking ‘I am not a robot’ and then click ‘Search.’

Your share application status will be displayed on the screen.

Alternatively, you can check the allotment status directly on the Kfin Technologies portal.

 

Bajaj Housing IPO Oversubscribed  Market observers report that Bajaj Housing Finance Ltd’s unlisted shares are trading Rs 74 above their issue price in the grey market. This Rs 74 grey market premium (GMP) suggests that the market anticipates a 105.71% gain on the listing. The GMP reflects market sentiment and can fluctuate.

The term ‘grey market premium’ represents the amount investors are willing to pay over the issue price.

 

Bajaj Housing IPO Oversubscribed The upcoming IPO includes a fresh issue of equity shares worth up to Rs 3,560 crore and an offer-for-sale (OFS) of Rs 3,000 crore by its parent company, Bajaj Finance.

This share sale is part of a requirement by the Reserve Bank of India (RBI), which mandates that upper layer non-banking finance companies (NBFCs) must be listed on stock exchanges by September 2025.

Ahead of the IPO, the company secured Rs 1,758 crore from anchor investors. Notable anchor investors include the Government of Singapore, Abu Dhabi Investment Authority, Fidelity, Morgan Stanley, Nomura, Goldman Sachs, JP Morgan India Investment Trust Plc, SBI Life Insurance, ICICI Prudential Life Insurance, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, SBI Mutual Fund, UTI Mutual Fund, and Nippon India Mutual Fund.

The funds raised through the fresh issue will be used to strengthen the company’s capital base to meet future requirements. Bajaj Housing Finance, a non-deposit taking housing finance company registered with the National Housing Bank since September 2015, provides financial solutions for purchasing and renovating residential and commercial properties.

Categorized as an “upper layer” NBFC by the RBI, it offers a range of mortgage products including home loans, loans against property, lease rental discounting, and developer financing.

For the fiscal year 2023-24, the company reported a net profit of Rs 1,731 crore, reflecting a 38% increase from Rs 1,258 crore in FY23.

Recently, Aadhar Housing Finance and India Shelter Finance have also listed on stock exchanges.

In June, Bajaj Housing Finance submitted initial documents to Sebi for a Rs 7,000 crore IPO. This includes a fresh issue of shares worth Rs 4,000 crore and an offer-for-sale (OFS) component of Rs 3,000 crore from its parent company. The market regulator approved the company’s first public offering earlier this month.

The book running lead managers overseeing the IPO are Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, SBI Capital Markets Ltd, Goldman Sachs (India) Securities Private Ltd, and JM Financial Ltd.