The IPO season of 2024 is buzzing with excitement, and Bajaj Housing Finance's public offering is one of the biggest highlights. The company's IPO has caught the attention of many investors, big and small.
Hype is real đź« #bajajhousingfinanceipo
— Stock Grove (@StockGrove) September 11, 2024
đź“° Bajaj Housing Finance IPO has set new records and received higher-than-expected subscriptions.
Allotment details are as follows:
- Big HNI: 2 out of 17 applicants will receive 2996 shares each.
- Small HNI: 2 out of 55… pic.twitter.com/B4Mzuh5ROg
The Bajaj Housing Finance IPO is worth Rs 6,560 crore, but it has received an incredible Rs 3.2 lakh crore in bids. This is a huge amount, even more than the GDP of some smaller countries. This level of interest shows just how important and exciting this IPO is for investors.
The IPO has seen an amazing subscription rate. By the end of bidding on September 11, 2024, the total subscription rate was 67.43 times. Here's how it breaks down:
Retail Investors: They subscribed 7.41 times, showing strong interest from individual buyers.
Bajaj Housing Finance IPO Allotment: Check your application status via these two links.
— Kunal Das (@its_kunaldas) September 12, 2024
Link 1:https://t.co/3ziWtzbRBA
Link2:https://t.co/8u0339FLFO#ipoallotment #BajajHousingFinance #bajajfinserv #ipo pic.twitter.com/LSRcn7iv34
Qualified Institutional Buyers (QIBs): Their subscription rate was a staggering 222.05 times, indicating high confidence from large institutions.
Non-Institutional Investors (NIIs): They subscribed 43.98 times, adding to the overall excitement.
The excitement is also reflected in the Grey Market Premium (GMP), which has gone over 100%. As of September 12, 2024, the GMP is Rs 78. This means the expected listing price for the shares could be Rs 148, which is 111.43% higher than the highest price of Rs 70 set for the IPO.
🚀 Record-breaking IPO season! 🏠Bajaj Housing Finance hits new heights with 89 lakh+ applications and a massive ₹2.6 Lakh Crore QIB subscription 💥
— IPO Ji ® (@ipoji_) September 12, 2024
🏠Bajaj Housing Finance Limited IPO Total number of Applications Received in each category Anticipated Allotment Chances… pic.twitter.com/ep5801WVhw
As the IPO approaches its listing date, there is a lot of anticipation. The high demand and impressive GMP suggest that the market is very positive about Bajaj Housing Finance. Investors are looking forward to the listing day, which is likely to be a major event.
Lastly, the Bajaj Housing Finance IPO has set new records with its bids and subscription rates and has generated a lot of excitement with its high GMP. Everyone is eager to see how the shares will perform once they start trading.
