Bajaj Housing Finance IPO opened to investors for bidding on September 09 and will close on September 11. The company wants to raise a sum of Rs 6,560 crore through a combination of fresh shares and an offer for sale.
Price Band
The company set the IPO price band in a range of Rs 66 to Rs 70 per equity share.
Minimum Investment Requirement
A retail buyer needs to apply for a minimum of one lot that contains 214 shares, which amounts to a total of Rs 14,980. There are different lot sizes for small and big NIIs, ranging from 14 lots to 67 lots.
Allotment and Listing
The allotment of Bajaj Housing Finance is expected to be finalised by September 09. The listing of Bajaj Housing Finance is likely to be on NSE and BSE on September 16.
Expert’s take
“There are various factors behind the success of Bajaj Finance, however, we primarily attribute the same to the continued focus of its management on effective utilization of customer data to create a vast web of cross-selling, diversifying the product profile as per the needs of the borrowers as well as consistent investment in upgrading the technology to suit customer needs at every stage. We believe BHFL’s management has the vision and capability to explore the same over the years, which makes the company attractive over the mid-to-long-term horizon. We recommend subscribing to the IPO,” said InCred Equities in an IPO note.
BRLMs and Registrar
Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, Jm Financial Limited and Iifl Securities Ltd are the book-running lead managers of the Bajaj Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.