| Bajaj Housing Finance IPO GMP | Bajaj Housing Finance IPO Review | Bajaj Housing Finance IPO Allotment Status |
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
| Category | QIB | NII | Retail | Employee | Shareholder | Total |
|---|---|---|---|---|---|---|
| Shares Offered | 17,75,75,756 | 13,31,81,819 | 31,07,57,576 | 3,03,03,030 | 7,57,57,575 | 72,75,75,756 |
| 11 Sep 2024 | 209.36 | 41.41 | 6.90 | 1.97 | 17.40 | 63.52 |
| 10 Sep 2024 | 7.46 | 16.46 | 3.84 | 0.97 | 9.55 | 7.51 |
| 9 Sep 2024 | 1.07 | 4.35 | 1.51 | 0.32 | 2.90 | 2.02 |
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
When will the subscription for the Bajaj Housing Finance IPO start?
Bajaj Housing Finance IPO is open for subscription from 9 September to 11 September 2024.
How to subscribe to Bajaj Housing Finance IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Bajaj Housing Finance IPO be listed?
Bajaj Housing Finance IPO will be listed on 16 September 2024, at the BSE and NSE stock exchanges.
Pl refer to my application status in bajaj housing finance ipo in share holder retail quota. I have applied for 13 lot, (2782 no), money has been deductued from my hdfc bank acoount but no confirmation of successful bid sms came, my DP is Dayco securities pvt ltd, dp id Nsdl IN 300263, Client id 10140188,pl look into this ,as a retired person and senior citizen, i am very worried.
KEEP THE DETAILS WITH YOU. IT WILL BE LISTING ON 16TH SEP THIS MONTH.YOU WILL KNOW IF U HAVE THEM ELSE MONEY SHALL BE REFUNDED.