Bajaj Housing Finance IPO allotment: How to check status online
Bajaj Housing Finance's Initial Public Offering (IPO) allotment has been declared. The ₹6,560-crore issue has witnessed a record subscription of ₹3.2 lakh crore, surpassing the subscriptions of Coal India Ltd and Mundra Port IPOs. This robust demand indicates strong investor interest in the company's shares. On the final day of bidding, the IPO was oversubscribed 63.61 times with bids for over 4,628 crore shares against an offer of 72.75 crore shares.
How to check Bajaj Housing Finance IPO allotment status
Investors can check their allotment status for the Bajaj Housing Finance IPO on the official website of the registrar, KFin Technologies, or on the Bombay Stock Exchange (BSE) website. To do this, they need to select the company from a dropdown menu and enter their PAN, Application number or DP client ID. After submitting these details, their allotment status will be displayed on the screen.
Bajaj Housing Finance IPO: A closer look at subscription details
The Bajaj Housing Finance IPO has seen significant interest from various investor categories. Non-institutional investors subscribed their portion 41.51 times, while Qualified Institutional Buyers (QIBs) oversubscribed their quota over 209 times. Retail Individual Investors (RIIs) also showed strong interest with a subscription rate of over seven times. These figures highlight the widespread appeal of this particular share offering across different investor groups.
Bajaj Housing Finance shares to be listed on Monday
Bajaj Housing Finance shares are scheduled for listing on the BSE and NSE on Monday, September 15. The net proceeds from the IPO will be utilized by the company to meet future capital needs. The IPO comprised a fresh issue of equity shares worth up to ₹3,560 crore, along with an offer-for-sale (OFS) of equity shares amounting to ₹3,000 crore by its parent company, Bajaj Finance.
