Bajaj Housing Finance IPO Subscription – Live Status

Last updated on September 12, 2024

Bajaj Housing Finance IPO subscription started on 9 September 2024 and will close on 11 September 2024. Bajaj Housing Finance plans to raise around INR 6,560 crores via the IPO. The price band is fixed at INR 66 – 70 per share. Bajaj Housing Finance IPO market lot has 214 shares and the minimum application amount is INR 14,980. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Bajaj Housing Finance IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Bajaj Housing Finance IPO subscription status segregated by days and investor categories.

Bajaj Housing Finance IPO Subscription Status – Live Updates

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

Bajaj Housing Finance – Business Background

As a subsidiary fully owned by Bajaj Finance, Bajaj Housing Finance (BHFL) specializes in offering mortgage loans to affluent homebuyers and major developers throughout India. Since its launch in 2018, BHFL has quickly risen to become the leading non-deposit-taking housing finance company in the country, based on its assets under management, which totaled INR 97,000 crore by June 2024. The company mortgage product range includes home loans, loans against property, lease rental discounting, and developer financing.

The company posted a strong net profit of INR 1,731 crore for the fiscal year 2023-24, marking a 38% increase compared to the prior year. BHFL’s asset quality stands out among competitors, thanks to its notably low gross and net non-performing asset ratios, underscoring its solid risk management and financial health. The company had 215 branches across 174 locations in 20 states and three union territories.

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Investor Categories in Bajaj Housing Finance IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Bajaj Housing Finance IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Bajaj Housing Finance IPO Subscription Status FAQs