Bajaj Housing Finance IPO Allotment status, how to check status
Today's IPO Allotment for Bajaj Housing Finance: With their PAN card details, bidders can use the registrar's or the BSE's official websites to verify status. Bajaj Housing Finance shares now have a grey market premium (GMP) of more over 100%.
Ankush Pandey
Bajaj Housing Finance IPO Allotment Status
Check your Bajaj Housing Finance IPO allotment status quickly and easily. Learn how to verify your share allocation and next steps for this highly anticipated public issue. Shares of Bajaj Housing Finance are anticipated to be distributed to successful initial public offering (IPO) bidders today, Thursday, September 12, following a record-breaking subscription exceeding Rs 3 lakh crore for the Rs 6,560-crore issue, marking a first for India.
Bajaj Housing Finance's IPO saw record subscriptions due to high demand from both institutional and non-institutional investors. Earlier, the subscription amount for the IPOs of Coal India Limited (2008) and Mundra Port (2007) had exceeded Rs 2 lakh crore.
Bajaj Housing Finance IPO was subscribed over 63.61 times by the end of the last day of bidding on September 11. By 7 pm on both BSE and NSE, the public issue received bids for 4,628 crore shares against the 72.75 crore shares on offer.
The portion reserved for non-institutional investors in Bajaj Housing Finance's IPO was subscribed 41.51 times. The quota of qualified institutional buyers (QIBs) received more than 209 times subscription. The quota of retail individual investors (RIIs) received more than 7 times subscription.
Bidders in an initial public offering (IPO) can monitor their allotment status on the official website of the registrar or on the BSE.
How to check Bajaj Housing Finance IPO allotment status on KFin Technologies
Step 1: Open the direct link to the registrar on this URL (https://evault.kfintech.com/ipostatus/).
Step 2: Select the company from the dropdown menu.
Step 3: Investors can check the allotment status by filling in details like PAN, Application number or DP client ID.
Step 4: Press the Submit button
Step 5: The allotment status will be shown in the window.
How to check Bajaj Housing Finance IPO allotment status on BSE
Step 1: Go to the Bombay Stock Exchange (BSE) website.
Step 2: Click on 'Investors' option.
Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
Step 4: Click on 'Application Status Check'.
Step 5: Select Equity in the issue type.
Step 6: Enter all necessary information, including the "Issue Name."
Step 7: Enter your PAN number and then click on Search to check the status.
Bajaj Housing Finance IPO GMP jumps further
According to a few platforms that monitor grey market activity, the Bajaj Housing Finance IPO GMP (grey market premium) increased to approximately Rs 72 in the unlisted market on the day of allotment today, showing a premium of over 100% because of the company's strong demand for its shares.
On September 12, Bajaj Housing Finance shares will go public on the BSE and NSE.
In order to meet future capital demands, the company will use the proceeds from the new issue to improve its capital base. The IPO comprised an offer-for-sale (OFS) of equity shares by its parent company, Bajaj Finance, for a total of Rs 3,000 crore, in addition to a new issue of equity shares up to Rs 3,560 crore.
The share sale was done to meet the Reserve Bank of India (RBI) rule that requires top-tier non-banking financial companies to be listed on the stock exchanges by September 2025.
FAQ
What is the Bajaj Housing Finance IPO allotment status, and how can I check it?
To find out if you got shares in the Bajaj Housing Finance IPO, follow these steps:
- Go to the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites.
- Find the "IPO Allotment Status" section. Enter your application number or PAN.
- The site will show if you got shares and how many.
- You can also check on the registrar's website or mobile app.
What are the key highlights of the Bajaj Housing Finance IPO?
The Bajaj Housing Finance IPO has several important points:
- It aims to raise funds for growth and expansion in housing finance.
- The IPO price range has been set by the company.
- It targets both retail and institutional investors with specific details for each.
What is the subscription status of the Bajaj Housing Finance IPO?
The Bajaj Housing Finance IPO saw a lot of interest:
- The issue was open for a certain number of days.
- Both retail and institutional investors showed strong interest, leading to oversubscription.
- The final numbers will be known after the IPO lists on the stock exchanges.
How can I evaluate the growth prospects of Bajaj Housing Finance?
To understand Bajaj Housing Finance's growth potential, consider these points:
- Look at their focus on housing finance and their target market.
- Analyze their plans for growth, diversification, and technology adoption.
- Assess their position in the housing finance industry and their competitive edge.
- Review their financial history and growth trends to see their financial stability and potential for wealth creation.
