Bajaj Housing finance IPO will going to list on the next week on NSE and BSE. The share allotment was closed on 12th September. The Bajaj Housing finance shares are set to debut on the stock exchange market on 16th September. If the share will not be allotted to you, you’ll get a refund today.
The Bajaj Housing shares get a total subscription of more than Rs. 3.23 lakh crore, which is huge for any IPO ever get. It is already booming in the grey market with a premium of more than 105%. It’s an unofficial place where shares trade illegally ahead of the listing.
Bajaj Housing Finance IPO Detail
Bajaj Housing Finance IPO was issued on 9th September and 11th September. The company was offered to raise a share of Rs. 6,560 Crore. The company didn’t offer more than 32% shares to retail investors. The anchor investors were offered 27% of the shares.
The IPO kept the price band between Rs.66 to 70 per equity share. A retail buyer had to bid for a minimum of 214 shares or one lot, which amounted to Rs. 14,980.
This surge was driven by the retail investor’s high demand.
Why Bajaj Housing Finance Market Reach to Highest Subscription in IPO Allotment
There are various factors that set the defining mark for the highest subscription at the IPO allotment time.
Bajaj Housing Finance Company is the second-largest finance company. It has quality, stable profitability assets. The sales of shares would have to comply with the rules of the Reserve Bank of India, which required top-tier non-banking finance companies to be listed on the stock exchange till 2025.
It registered with the National Housing Bank in September 2015 this private housing finance company offers a range of financial solutions for buying and renovating both residential and commercial properties.
