How to Check Bajaj Housing Finance IPO Allotment: Step-by-Step Guide

The Indian IPO market has been buzzing with activity this year, and the highly anticipated Bajaj Housing Finance IPO has captured the attention of investors nationwide. With the public issue promising substantial returns, the excitement surrounding it is palpable. Investors are optimistic about doubling their money through this IPO, and the demand for shares has reflected the frenzy.

Bajaj Housing Finance IPO

To illustrate the overwhelming interest, imagine a scenario where thousands of eager investors are vying for limited shares. This accurately describes the Rs 6,560-crore Bajaj Housing Finance IPO, which managed to attract an astonishing Rs 3.2 lakh crore in bids.

The Bajaj Housing Finance IPO received an impressive total subscription of 67.43 times, making it one of the most subscribed IPOs this year. As of 6:19 PM on September 11, 2024, the retail segment was subscribed 7.41 times, the Qualified Institutional Buyer (QIB) category saw an astounding subscription rate of 222.05 times, and Non-Institutional Investors (NII) subscribed to the issue 43.98 times.

With such remarkable demand, investors who participated in the IPO are now eagerly waiting to check the allotment status of their applications. Thankfully, this process is straightforward and can be completed online via either the BSE website or the Kfin Technologies Limited portal, which serves as the registrar for the issue.

Steps to Check Allotment Status on the BSE Website

1. Visit the BSE website by clicking here.

2. Click on the "Equity" option.

3. From the drop-down list, choose "Bajaj Housing Finance Limited."

4. Enter your application number and PAN card ID.

5. Confirm that you are not a robot by completing the CAPTCHA.

6. Click the Submit button.

Steps to Check Allotment Status via Kfin Technologies Limited

1. Go to the Kfin Technologies Limited website.

2. Select "Bajaj Housing Finance Limited" from the list.

3. Choose from the following options: Application Number, Demat Account Number, or PAN, and input the relevant details.

4. Enter the CAPTCHA code for verification.

5. Click the Submit button to view your allotment status.

Bajaj Housing Finance IPO Latest GMP

As of 08:27 AM on September 12, 2024, the Grey Market Premium (GMP) for the Bajaj Housing Finance IPO stands at Rs 74. Given that the price band was set at Rs 70, the projected listing price is Rs 144 per share. This marks an expected gain of 105.71% on each share, a highly attractive return for investors.

The price band for the IPO was Rs 66-70 per share, and investors could apply for a minimum of 214 equity shares, with subsequent applications in multiples of this figure.

Shares of Bajaj Housing Finance Limited are scheduled to be listed on both the BSE and NSE, with a tentative listing date of Monday, September 16, 2024.

Why is the Bajaj Housing Finance IPO So Popular?

The overwhelming subscription numbers highlight the immense faith investors have in Bajaj Housing Finance and its future growth prospects. The company is a subsidiary of Bajaj Finserv, one of India’s leading financial services groups. Known for its strong fundamentals, sound financials, and impressive track record, Bajaj Housing Finance has positioned itself as a key player in the Indian housing finance market.

Moreover, with interest rates on the rise and an increasing demand for housing loans, Bajaj Housing Finance is well-positioned to capture a larger market share. The company’s strong loan book, robust risk management policies, and prudent financial practices make it a favorite among institutional and retail investors alike.

What Next for Investors?

After checking their allotment status, investors will be closely watching the listing date, eagerly awaiting the stock’s performance on the exchanges. Given the high GMP and market sentiment, the stock is expected to perform well, potentially providing significant gains to those who were allotted shares.

For investors who didn’t receive an allotment, all is not lost, as opportunities to invest may arise after the stock lists on the exchange. However, caution is advised, as IPOs can be volatile in the short term.

Conclusion

The Bajaj Housing Finance IPO has generated substantial excitement among investors, underscoring the strength and potential of the company in India’s housing finance sector. With the allotment status soon to be revealed and the listing date approaching, investors are optimistic about reaping significant rewards from this public offering. As the company prepares for its debut on the stock market, all eyes will be on its performance, particularly given the strong demand and positive market sentiment.