Bajaj Housing Finance IPO aims to raise ₹6,560 crores. The IPO comprises a fresh issue of 50.86 crore shares amounting to ₹3,560 crores and an offer for sale of 42.86 crore shares aggregating to ₹3,000 crores. The Bajaj Housing IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Bajaj Housing IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Bajaj Housing IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Bajaj Housing" from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Bajaj IPO allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Bajaj Housing" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Bajaj Housing IPO allotment status will be visible.

See Also: NBCC Share Price Jumps 4% After Inking Deal With MTNL For ₹1,600 Cr Project

Bajaj Housing IPO Subscription Status

As per the data provided by the stock exchanges, the Bajaj Housing Finance IPO has been subscribed 63.61 times on the third day of bidding. The retail investor category has been subscribed 7.04 times, while the non-institutional investors category has seen a subscription of 41.51 times. The Qualified Institutional Buyers (QIBs) category has been subscribed 209.36 times.

The IPO’s allocation structure reserves up to 50% of the shares for Qualified Institutional Buyers (QIBs), a minimum of 15% for Non-Institutional Investors (NIIs), and at least 35% for Retail Investors.

Bajaj Housing IPO GMP

The Grey Market Premium (GMP) for the Bajaj Housing IPO was at ₹74 on Wednesday. This was an increase from ₹66 reported on Tuesday. At the current GMP, the stock is expected to be listed at ₹144, a premium of 104% over the upper price band of ₹70. However, investors should note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock’s performance upon listing.

Bajaj Housing IPO Details

The IPO comprises a fresh issue of 50.86 crore shares amounting to ₹3,560 crores and an offer for sale of 42.86 crore shares aggregating to ₹3,000 crores. The price band for the IPO is set at ₹66 to ₹70 per share, with a minimum lot size of 214 shares. This translates to a minimum investment of ₹14,980 for retail investors.

The company intends to use the net proceeds from the offering to augment its capital base to meet future business requirements, particularly for onward lending. The shares of Bajaj Housing Finance are tentatively scheduled to be listed on both the BSE and NSE on Monday, September 16.

Prior to the IPO launch, the company successfully secured ₹1,758 crores from anchor investors, including the Government of Singapore, the Abu Dhabi Investment Authority (ADIA), Fidelity, Morgan Stanley, Nomura, Goldman Sachs, JP Morgan India Investment Trust Plc, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, HDFC Mutual Fund (MF), Kotak Mahindra MF, SBI MF, UTI MF and Nippon India MF.

Read Next: Why NHPC Share Price Jumped Back In Green Today

Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.