Bajaj Housing Finance IPO allotment is set to be finalised today, marking an important moment for investors who are eagerly waiting to see if they have secured shares. Investors who applied for this highly anticipated IPO can now verify their allotment status on the registrar's portal, Kfin Technologies Ltd.
With the listing date around the corner and a significant grey market premium (GMP), the Bajaj Housing Finance IPO has attracted attention from those looking to invest in IPO opportunities.
Bajaj Housing Finance IPO overview
Bajaj Housing Finance, a subsidiary of Bajaj Finserv, launched its IPO to raise capital for its housing finance business. The IPO opened for subscription on Monday, September 9, and closed on Wednesday, September 11. The issue garnered a robust response, particularly from non-institutional investors (NIIs), who subscribed 41.51 times, and qualified institutional buyers (QIBs), who oversubscribed by 209.36 times. Retail investors showed strong interest, with a 7.04 times subscription.
By the close of the third bidding day, the IPO subscription had increased by 63.61 times overall, reflecting strong demand. Those who invest in IPOs were particularly drawn to Bajaj Housing Finance because of its position in the housing finance sector, which is currently experiencing steady growth in India.
Latest GMP for Bajaj Housing Finance IPO
As of today, the Bajaj Housing Finance IPO is trading at a premium of ₹74 in the grey market. This indicates strong investor confidence, as the grey market premium (GMP) is often viewed as an early indicator of how the stock might perform post-listing. The current GMP suggests that the estimated listing price of the Bajaj Housing Finance shares could be around ₹144 per share, considering the upper price band of ₹70. This represents a potential increase of 105.71%, making it an attractive option for those who regularly invest in IPOs.
Although the GMP does not guarantee listing gains, it offers insight into how much investors are willing to pay above the issue price. For individuals looking to invest in IPOs, keeping track of the GMP is essential in understanding market sentiment.
Post-allotment process
Once the IPO allotment is finalised today, successful applicants will see the shares credited to their demat accounts by September 16. For those who did not receive an allotment, the refund process will begin on September 13. Additionally, the upcoming listing day will be a crucial moment for those who invest in IPOs, as it will determine the stock's market price and provide an opportunity for potential listing gains.
Importance of understanding IPO allotment and GMP
For those who frequently invest in IPOs, understanding the allotment process and keeping an eye on the grey market premium is crucial. The allotment process determines how many shares an individual receives based on the demand and availability of shares. This often varies for different investor categories, such as retail, NII, and QIB. The higher the demand, the lower the chances of receiving the full allotment.
As of today, the GMP for Bajaj Housing Finance IPO remains positive, signalling confidence in the company's shares. The grey market premium reached a high, indicating that investors are ready to pay significantly more than the issue price, further highlighting the potential gains for those who invest in IPOs.
Conclusion
The Bajaj Housing Finance IPO allotment is being finalised today, and investors are eager to see if they have secured shares. The strong response from various investor categories, coupled with a positive grey market premium, has generated significant interest. For those who invest in IPOs, checking the allotment status through Kfin Technologies Ltd or the stock exchange website is an important step in the process.
With the latest grey market premium indicating a potential listing price of ₹144, investors who invest in IPOs can look forward to the listing day with optimism. However, it is essential to stay informed and follow the market trends to make the most of the opportunities that IPOs like Bajaj Housing Finance present.
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