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- By Aditya Pratap Singh
- Mon, 16 Sep 2024 10:08 AM (IST)
- Source:JND
Bajaj Housing Finance IPO Listing: The Shares Of Bajaj Houisng Finance IPO have made a magnificant debut on stock exchanges on Monday. Bajaj Housing Finance share price listed with premium of 114%, making investors money double, at Rs 150 per share on both the exchanges- National stock exchnage and Bombay Stock Exchnage.
The listing meets the expectations as Bajaj Housing Finance Shares were trading with over 100% premium in grey market (GMP). Various market analyst have also predicting an multibagger debut for the Bajaj Group's company. The public offering was opened for public subscription between September 9- september 11 and the company had set a price band at Rs 66-70 per share for its Rs 6,560 crore IPO. The issue was a combination of fresh shares and an offer for sale by Bajaj Finance, Bajaj Housing Finance Parent Company.
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Bajaj Housing Finance IPO bid status
The IPO of Bajaj Housing Finance Limited received an overwhelming response from investors as its Rs 6,560 crore public issue was oversubscribed nearly 68 times in three days bidding perid. According to the NSE, agaist 72,75,75,756 issued shares, bids were placed for 46,27,48,43,832 shares.
The portion reserved for the qualified institutional buyers (QIBs) was subscribed 209.36 times, while the segment of non-institutional investors was subscribed 41.50 times. However, the quota of retail investors was subscribed only 7.02 times.
Details of Bajaj Housing Finance IPO
The issue was oversubscribed within hours of its opening on September 9. The company fixed a price band of Rs 66–70 per share. The Issue was an combination of fresh shares worth of Rs 3,000 crore and an offer for sale for shares worth of Rs 3,560 crore by parent company Bajaj Finance. Days before IPO was opened, Bajaj Housing Finance had raised Rs 1,758 crore from anchor investors.