Bajaj Housing Finance IPO Highlights: Bajaj Housing Finance IPO will likely be listed on NSE and BSE on September 16. The Initial Public Offering (IPO) opened on September 9 and continued till September 11, 2024. With shares priced between Rs 66 and Rs 70, this IPO presents an attractive opportunity for investors. The issue includes a minimum bid lot size of 214 shares and aims to raise Rs 7,000 crore, with Rs 4,000 crore from fresh equity and Rs 3,000 crore from existing shareholders’ sales. The company’s shares were fetching a premium of more than 105% in the grey market.
Bajaj Housing Finance IPO 2024 Highlights: See Listing Date, KFintech Allotment Status, and GMP live
The allotment status of the IPO can be checked on Kfin Technologies, registrar of the issue, website.
Bajaj Housing Finance plans to diversify and strengthen its market presence with strategic customer focus and comprehensive risk management to capitalize on the future opportunity of increased mortgage penetration, said Master Capital Services in an IPO note.
Shares of Bajaj Finance rose 2.3% to an intraday high of Rs 7,599. The stock touched a 52-week high of Rs 8,192 on October 06, 2023. The stock was among the top gainers.