[ad_1]
Bajaj Housing Finance IPO: Bajaj Housing Finance’s IPO is getting a strong response. Looking at its grey-market premium, it can give multibagger returns on the day of listing itself. It has received bumper subscription in the last two days. The demand for the portion kept for the public in the issue has already exceeded Rs 38,000 crore. This mega IPO will be open only for today (Thursday, September 11). You can place your bid till 5 pm. After 5 pm you will not be able to apply for the bid.
Bajaj Housing Finance’s Rs 6,560 crore public issue has already received consistent good demand from the non-institutional investors (NII) category. The IPO has been subscribed more than 7.5 times by the end of the second day of bidding. Today, all eyes will be on qualified institutional buyers (QIBs), who have so far subscribed 7.46 times their reserved portion of the Bajaj Housing Finance IPO.
Also read – Stock is less than Rs 14, Aditya Birla is increasing stake in this company, bought about 2 crore shares
Bajaj Housing Finance had raised Rs 1,758 crore from anchor investors last week, making Rs 4,802 crore out of the total issue size (Rs 6,560 crore) available for public subscription. If the public portion of the issue is subscribed at least 21 times, the total subscription amount could reach Rs 1 lakh crore.
Previous IPOs with bids above Rs 1 lakh crore
Premier Energies Limited’s Rs 2,830 crore IPO in August 2024 received bids of over Rs 1.48 lakh crore. Earlier, Tata Technologies’ Rs 3,042 crore IPO in November 2023 received total bids of Rs 1.56 lakh crore. Tata Tech’s IPO received bids for 312 crore shares against the offer of 4.5 crore shares.
Earlier, Coal India’s Rs 15,200 crore IPO had raised Rs 2.33 lakh crore in 2008. The bidding period was 4 days. In the same year, Reliance Power IPO also raised Rs 7.12 lakh crore during its four-day bidding.
GMP of Bajaj Housing Finance
According to some platforms that track grey market activity, the GMP (grey market premium) for the Bajaj Housing Finance IPO has risen to around Rs 60, showing a premium of over 85 per cent due to the tremendous demand for the company’s shares.
10 important questions and their answers
From when to when can one buy shares?
You can buy shares of this company from 9th September to 11th September.
What is the price of one share?
The price of one share has been kept between Rs 66 and Rs 70.
How much money do you aim to raise?
The company wants to raise a total of Rs 6560 crore from this IPO.
How many shares are being sold?
The company is selling 50.86 crore new shares and also selling 42.86 crore existing shares.
How many shares do I need to buy at least?
You will have to buy at least 214 shares. That means you will have to invest at least Rs 14,980.
What is the date of receipt of shares?
You will know by September 12 how many shares you have received.
When will the shares be available for purchase and sale?
You will be able to buy and sell these shares in the secondary market from September 16.
Who will keep track of the shares?
A company named Kaffin Technologies Limited will keep accounts of these shares.
On which exchange will it be listed?
You will be able to buy and sell these shares on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
What is the current GMP of the shares?
Right now people feel that the share price can go up to Rs 127. That is, the share price can increase by 81.43%.
Tag: Investments and Returns, IPO, Stock Market, Stock Market
first published : September 11, 2024, 10:58 IST
[ad_2]
