Bajaj Housing Finance IPO: The share allotment for the Bajaj Housing Finance IPO is expected to be finalized today. Shares will be allotted to investors through a lottery system, overseen by the registrar. On the allotment date, investors will be able to see how many shares they have received compared to their bids.
Investors can check the allotment status via the BSE website or the registrar’s website. To check through BSE:
- Visit the BSE Website: BSE Allotment Check.
- Select the issue name (company’s name) from the dropdown menu.
- Enter the application number or PAN number to view the allotment status.
To check through the registrar, Link Intime India, follow these steps:
- Visit the Kfin Technologies website: Kfintech IPO Status.
- Select Bajaj Housing Finance IPO.
- Enter PAN details and click ‘search’ to view the status.
Bajaj Housing Finance shares are expected to be listed on the exchanges on September 16. In the unlisted market, the shares are currently trading with a grey market premium (GMP) of ₹69, indicating a 96% premium over the issue price.
Before the IPO opening, Bajaj Housing Finance raised ₹1,758 crore from notable anchor investors, including JP Morgan, Morgan Stanley, Nomura, and HDFC Mutual Fund. The net proceeds from the IPO will be used to strengthen the company’s capital base to support future business needs and onward lending.
Bajaj Housing Finance, a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank since 2015, offers customized financial solutions for buying and renovating residential and commercial properties. Classified as an upper-layer Non-Banking Financial Company (NBFC) by the RBI, it provides a wide range of mortgage products, including home loans, loans against property, lease rental discounting, and developer financing.
The company primarily focuses on individual retail housing loans and also offers a variety of commercial and developer loans, serving a wide customer base from individual homebuyers to large developers. For the fiscal year 2023-24, Bajaj Housing Finance reported a net profit of ₹1,731 crore, a 38% increase from ₹1,258 crore in FY23. Net income rose by 34% year-on-year, reaching ₹7,618 crore during the same period.