Bajaj Housing Finance IPO: Check IPO allotment status, GMP after bids hit historic highs

Bajaj Housing Finance, a book-built issue of Rs 6,560 crore, is an NBFC registered with the National Housing Bank. The company is in the business of providing mortgage loans. The company opened its IPO to investors for raising capital on September 09. The issue got an overwhelming response making a record in India’s IPO history by getting the highest number of bids in terms of value. The IPO got bids worth Rs 3.2 lakh crore, surpassing the IPO subscription of Tata Technologies, which received bids worth Rs 3 lakh crore. 

The Bajaj Group company’s IPO allotment status is likely to be finalised on September 12. 

Here’s how a step-by-step guide to check Bajaj Housing Finance IPO allotment status:

Step 1 

Go to the website of the registrar. Here, Kfin Technologies is working as the registrar.

Step 2

Now, hover over the ‘Products’ button and wait for a drop-down. After that, click the IPO allotment status in the ‘investors’ section. 

Step 3

Choose any one link from the provided five links.

Step 4 

Fill in your details: company’s name, account number/ D’mat account/ PAN number, and captcha number

Step 5

Hit the submit button and a screen will appear with the status of allotment. 

Listing

As per the tentative schedule, the listing of the company will take place on September 16 on the NSE and BSE mainboard segments. 

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Bajaj Housing Finance IPO Details

The issue, which closed on September 11, raised money through a combination of fresh shares and selling some part of the promoters’ holding. The company kept the IPO price band in a range of Rs 66 to 70 per equity share. The company will be using the raised proceeds to augment capital base to meet future business requirements towards onward lending.