December 5, 2024

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Bajaj Housing Finance IPO Allotment: Bajaj Housing Finance share allotment likely today: Check status, GMP, listing date and other details

Bajaj Housing Finance IPO Allotment: Bajaj Housing Finance share allotment likely today: Check status, GMP, listing date and other details

The share allotment of Bajaj Housing Finance IPO is likely to be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar. On the allotment date, investors get to know about the number of shares allotted to them as against the bids made.

They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE or even on the registrar’s website.

How to check Bajaj Housing Finance IPO allotment status

Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company’s name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Bajaj Housing Finance IPO allotment through the registrar, which is Link Intime India in this case, kindly follow the below steps.Step 1: Visit the Kfin Technologies website (https://ipostatus.kfintech.com)Step 2: Select Bajaj Housing Finance IPO

Step 3: Enter the PAN details and click search to know the status

Also Read: DevX, Gujarat’s largest office space provider, plans to raise Rs 125 crore fresh capital ahead of IPO

Bajaj Housing Finance IPO GMP

The company’s shares are expected to get listed on the exchanges on September 16. In the unlisted market, the company’s shares are trading with a GMP of Rs 69, which translates to a premium of 96% to the issue price.

Bajaj Housing Finance IPO subscription Status

Ahead of the issue opening, the company has raised Rs 1,758 crore from marquee anchor investors, including JP Morgan, Morgan Stanley, Nomura, and HDFC Mutual Fund.

Net proceeds from the public offer will be used to augment the company’s capital base to meet future business requirements of the company towards onward lending.

Bajaj Housing Finance is a non-deposit-taking HFC registered with the National Housing Bank since September 2015, offering tailored financial solutions for purchasing and renovating residential and commercial properties.

It has also been identified and categorised as an upper-layer NBFC by the RBI in India and its comprehensive mortgage products include home loans, loans against property, lease rental discounting and developer financing.

The company primarily focuses on individual retail housing loans, supported by a diverse range of commercial and developer loans, serving customers from homebuyers to large developers.

For the fiscal year 2023-24, the housing lender posted a net profit of Rs 1,731 crore, marking a growth of 38% from Rs 1,258 crore in FY23. Net income during the same period rose 34% year-on-year to Rs 7,618 crore.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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