Bajaj Housing Finance IPO launching on September 9, 2024. Get insights into the IPO dates, price band, grey market premium, and detailed offer structure. Learn about reserved quotas for employees and shareholders, and understand the company’s financial background.
Bajaj Housing Finance IPO Date and Timeline
Bajaj Housing Finance is set to launch its IPO on September 9, 2024, with the bidding period closing on September 11. The anchor book will open on September 6. The IPO allotment date is expected on September 12, with the shares likely to be listed on BSE and NSE by September 16.
Bajaj Housing Finance Price Band and Grey Market Premium
The IPO price band is set between ₹66-70 per share. The grey market is showing strong interest, with the shares commanding a premium of ₹61, marking a 45% increase.
Bajaj Housing Finance Offer Details
The company aims to raise ₹6560 crore, including a fresh issue of ₹3560 crore and an OFS of ₹3000 crore by its promoter, Bajaj Finance Ltd.
Reserved Quotas
Shares worth ₹200 crore are reserved for eligible employees, and ₹500 crore for shareholders of Bajaj Finance and Bajaj Finserv. Institutional investors will be allocated 50%, while 15% and 35% are reserved for NII and retail investors, respectively.
Company Overview
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking housing finance company registered with the National Housing Bank (NHB) in 2015. It offers tailored financial solutions for individuals and corporations, including mortgage loans for residential and commercial properties.
(Disclaimer: This article is for informational purposes only. Consult a financial advisor before making investment decisions.)