Bajaj Housing Finance IPO Acheives Full Subscription on Day 1

                Bajaj Housing Finance IPO subscription status: 
The initial public offering (IPO) of the much-
awaited Bajaj Housing Finance received an 
overwhelming response from investors on the 
first 
day of its opening, with investors bidding for 
1,46,58,24,030 shares against 72,75,75,756 
shares offered by the company. Thus, the issue 
got subscribed 2.01 times by the end of the 
first 
day of subscription, as per NSE data.
This was led by Non-Institutional Investors 
(NIIs) who bid 4.35 times for the Bajaj Housing 
Finance IPO, followed by Retail Individual 
Investors (RIIs) at 1.50 times and Qualified 
Institutional Buyers (QIBs) at 1.07 times by the 
end of Monday, September 9, 2024. 
Meanwhile, the quota reserved for 
shareholders witnessed 2.90 times 
subscription.
The public issue is available at a price band of 
Rs 66-70 and a lot size of 214 shares for 
investors. Thus, investors can bid for a 
minimum of 214 shares and in multiples 
thereof. 
Accordingly, the minimum amount required by 
a retail investor to bid for the Bajaj Housing 
Finance IPO is Rs 14,980.
Bajaj Housing Finance also garnered broadly 
positive reviews from brokerages, including 
Deven Chokshi Research, InCred Equities, 
Motilal Oswal, and Swastika Investmart, for the 
public issue. READ MORE
Meanwhile, the unlisted shares of Bajaj 
Housing Finance continue to trade at a strong 
premium in the grey market on Tuesday. As per 
sources that track grey market activities, 
shares of 
Bajaj Housing Finance were quoted trading at 
a grey market premium of Rs 64 or 91.43 per 
cent. This suggests a positive market 
sentiment for the Bajaj Housing Finance IPO.
The three-day subscription window to bid for 
the Bajaj Housing Finance IPO closes on 
Wednesday, September 11, 2024. Following 
this, the basis of allotment of Bajaj Housing 
Finance 
shares is expected to be finalised on Thursday, 
September 12, 2024, and subsequently, the 
company's shares will be credited into demat 
accounts on Friday, September 13, 2024.
Bajaj Housing Finance shares are expected to 
make their debut on the bourses on Monday, 
September 16, 2024. Bajaj Housing Finance 
shares will be listed on the BSE and NSE.
For the Bajaj Housing Finance IPO, KFin 
Technologies is the registrar, while Kotak 
Mahindra Capital, BofA Securities, Axis Capital, 
Goldman Sachs (India) Securities, SBI Capital 
Markets, JM Financial, and IIFL Securities are 
the book-running lead managers. 


Source : Business Standard