The eagerly awaited Bajaj Housing Finance original Public Offering( IPO) allotment is set to be perfected moment, Thursday, September 12, 2024. Investors who applied for shares are keen to know their allotment status and stay streamlined on the rearmost developments, including the slate request decoration( GMP), anticipated listing price, and refund process. With the IPO witnessing inviting demand, the allotment process has generated significant attention.
Bajaj Housing Finance IPO Overview
Bajaj Housing Finance,
anon-deposit-taking casing finance company, opened its IPO for subscription on
Monday, September 9, and closed on Wednesday, September 11. The IPO attracted a
tremendous response across all investor orders. According to data from the
Bombay Stock Exchange( BSE), by the end of the last bidding day, the overall
subscription stood at an emotional 63.61 times.
Then's a breakdown of the
subscription across different orders
Non-Institutional Investors( NIIs) 41.51 times
Good Institutional
Buyers( QIBs) 209.36 times
Retail Investors 7.04
times
Hand Portion 2.05 times
Shareholder Portion 17.53
times
This robust demand
reflects investors' strong confidence in Bajaj Housing Finance’s growth
eventuality.
IPO Allotment Process and Timeline
Once the allotment process
is perfected moment, investors will either admit shares in their demat accounts
or a refund if they were unprofitable in securing shares. The refund process
will begin on Friday, September 13, and for those who are distributed shares,
they will be credited to their demat accounts on the same day.
The IPO table date is
listed for Monday, September 16, on the major stock exchanges. The high
subscription rates suggest that numerous investors may not admit their full
allocation of shares, making the allotment a largely anticipated event.
How to Check Bajaj Housing Finance
IPO Allotment Status
To check the allotment
status, investors can use one of several styles available online. The allotment
process is eased by the IPO register, Kfin Technologies Ltd, and can also be
checked on the BSE and NSE websites. Below is a step- by- step companion to
help you determine whether you have entered shares.
1.
Kfin Technologies( Registrar) Portal
The easiest way to check
the allotment status is by visiting the sanctioned website of the register,
Kfin Technologies Ltd. Follow these way
Step 1 Click on this link
Kfin Technologies Allotment Link.
Step 2 Choose “ Bajaj Housing Finance IPO ”
from the drop-down menu under “ elect IPO. ”
Step 3 Enter your visage, Demat account
number, or operation number.
Step 4 If using the
operation number or demat account number, enter the needed details followed by
the captcha law and click “ Submit. ”
Step 5 Your IPO allotment
status will be displayed, showing whether you have been allocated shares.
2.
BSE Website
Investors can also check
the IPO allotment status through the BSE website by following these way
Step 1 Visit the BSE IPO
allotment runner BSE IPO Allotment Status.
Step 2 Under" Issue
Type," elect “ Equity. ”
Step 3 Choose “ Bajaj
Housing Finance IPO ” from the" Issue Name" drop- down menu.
Step 4 Enter your
operation number or visage and click “ Search. ”
Step 5 Your allotment
status will appear on the screen.
3.
NSE Website
You can also check the
status on the NSE’s website by following these way
Step 1 Visit the NSE
allotment runner NSE IPO Allotment Status.
Step 2 If you do n’t have
an account, click on" Click then to subscribe up" and register using
your visage.
Step 3 Log in with your
username, word, and captcha law.
Step 4 Check the status
of your IPO allotment on the following runner.
Bajaj Housing Finance IPO GMP Today
As of moment, the slate
request decoration( GMP) for Bajaj Housing Finance shares is ₹ 74, according to
InvestorGain. The GMP indicates the decoration at which the shares are trading
in the unofficial slate request, giving investors an estimate of the implicit
table price.
With an upper IPO price
band of ₹ 70 per share, the current GMP suggests that Bajaj Housing Finance
shares may list at roughly ₹ 144 per share, representing a 105.71 decoration
over the issue price. Over the last 22 sessions, the GMP has ranged from ₹ 36
to ₹ 74, indicating steady demand for the shares in the slate request.
While the slate request
is an unofficial platform and does n't guarantee the table price, the upward
trend in GMP reflects positive investor sentiment ahead of the stock’s debut on
the exchange.
Allocation Base and Refund Process
The allocation of shares
depends on the allocation base, which is told by the number of shares available
and the order of the aspirant. Investors in the retail, NII, and shareholder
orders will have different allocation rates grounded on their subscription
situations.
For those who do n't
admit shares, the refund process will be initiated on Friday, September 13.
Refunds will be reused automatically, and the quantum will be credited back to
the same account from which the IPO operation was made. Investors can
anticipate the refund to reflect within a many working days, depending on the
processing times of their separate banks.
Still, they will be
credited directly to the aspirant’s demat account by September 13, giving them
the capability to trade once the stock is listed on the exchange, If shares are
allocated.
Bajaj Housing Finance A Strong
Contender in the request
Bajaj Housing Finance
operates in thenon-deposit-taking casing finance member, a sector that has seen
steady growth in India due to adding demand for home loans and affordable
casing options. The company is well- deposited within the broader Bajaj Group,
one of India’s most estimable business empires.
The inviting subscription
figures, particularly from good institutional buyers( QIBs)
andnon-institutional investors( NIIs), suggest that there's significant
confidence in the company’s business model and growth prospects. The strong
subscription in the shareholder order also indicates that being Bajaj Group
investors are backing this IPO.
Listing Date and What to Anticipate
The Bajaj Housing Finance
IPO table is listed for Monday, September 16, 2024, on both the BSE and NSE.
Given the robust demand and current slate request trends, judges prognosticate
a strong table debut for the stock. The listing day could see substantial
trading volumes, and investors are advised to stay watchful if they're
considering buying or dealing shares on the first day.
Investors should also
keep an eye on broader request conditions, as external factors could impact the
stock’s performance on listing day.
Conclusion
The Bajaj Housing Finance
IPO has garnered massive interest across all investor orders, making it one of
the most largely anticipated rosters of 2024. With the allotment perfected
moment, investors can check their status online through the register, BSE, or
NSE websites. The high GMP and robust subscription figures point toward a
strong table for the stock, offering a promising occasion for those who secured
shares.
As the IPO heads toward
its table on September 16, 2024, the request’s attention remains forcefully
fixed on how Bajaj Housing Finance will perform on its debut, with prospects of
substantial earnings grounded on slate request exertion and investor sentiment.