Bajaj Housing Finance IPO Subscribed 7.96x on Day 2

Bajaj Housing Finance Limited’s IPO witnessed an increased subscription on day 2. The IPO is a book-built issue of ₹6,560.00 crores. It combines a fresh issue of 50.86 crore shares aggregating ₹3,560.00 crores and an offer for sale of 42.86 crore shares aggregating ₹ 3,000.00 crores. Bajaj Housing Finance IPO price band is set at ₹66 to ₹70 per share. The minimum lot size for an application is 214 Shares.

Day Wise Subscription

On 1st day of bidding, Bajaj Housing Finance IPO subscribed 2.14 times. The public issue subscribed 1.60 times in the retail category, 1.14 times in QIB, and 4.62 times in the NII category.

On 2nd day, Bajaj Housing Finance IPO subscribed 7.96 times. The public issue subscribed 4.07 times in the retail category, 7.91 times in QIB, and 17.45 times in the NII category.

Grey Market Premium

Bajaj Housing Finance IPO’s last GMP is ₹65. With a price band of ₹70.00, Bajaj Housing Finance IPO’s estimated listing price is ₹135 (cap price + today’s GMP). The expected percentage gain/loss per share is 92.86%.

About Bajaj Housing Finance Limited

Founded in 2008, Bajaj Housing Finance provides customised financial solutions to individuals and corporations for the purchase and renovation of homes and commercial spaces. The company’s mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.