Bajaj Housing Finance IPO 2024 Highlights: Listing Date, KFintech, Allotment Status, GMP live
Bajaj Housing Finance’s highly anticipated IPO has made headlines with its impressive performance in the market. The IPO, which aimed to raise Rs 6,560 crore, saw overwhelming demand from investors, with bids exceeding Rs 3.2 lakh crore. This resulted in the IPO being oversubscribed by a staggering 63.6 times, showcasing the strong interest in the company.
The IPO, which closed on September 11, is set to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 16, 2024. The price band for the issue was set between Rs 66 and Rs 70 per share, making it an attractive investment opportunity for investors.
The IPO features a fresh issue of equity shares valued up to Rs 3,560 crore and an offer-for-sale (OFS) of Rs 3,000 crore by parent company Bajaj Finance. The proceeds from the fresh issue will be used to enhance the company’s capital base to meet future capital needs.
The strong demand for the IPO was driven by non-institutional investors, with the retail segment seeing over 200 subscriptions. Notable investors, including JP Morgan, Morgan Stanley, Nomura, and HDFC Mutual Fund, also contributed Rs 1,758 crore to the IPO.
Overall, the Bajaj Housing Finance IPO has created history in the market, surpassing previous records and attracting significant investor interest. With its listing date approaching, all eyes are on the performance of the company’s shares as they debut on the stock exchanges.
