Bajaj Housing Finance IPO GMP Soars 100%: Don’t Miss Out on These Last Day Insights and Listing Details!

The Bajaj Housing Finance IPO is generating significant excitement in the market, and its Grey Market Premium (GMP) has skyrocketed by 100%, indicating strong investor demand and optimism about potential listing gains. As today is the last day to subscribe to this IPO (September 11, 2024), investors must act quickly to secure their shares.

In this guide, we will cover the Bajaj Housing Finance IPO GMP, allotment date, oversubscription status, expected listing price, and more. We’ll also provide insights on why the GMP has risen so sharply and what investors can expect moving forward.

 

Bajaj Housing Finance IPO GMP


1. Bajaj Housing Finance IPO GMP Rises to 100% – What Does This Mean?

As of today, the Bajaj Housing Finance IPO GMP has surged to an impressive 100%, meaning that investors in the grey market are willing to pay double the issue price, reflecting high expectations for the stock’s performance upon listing. This significant rise in GMP is often a strong indicator of potential listing gains.

Why is the GMP Rising?

  • High Demand: Investor sentiment is overwhelmingly positive, and the IPO is seeing strong oversubscription, which drives the GMP up.
  • Potential Listing Gains: The higher the GMP, the greater the likelihood of making profits on the listing day.

Actionable Insight:
With the GMP rising to 100%, investors looking for short-term gains should consider subscribing before the IPO closes today. Keep monitoring the IPO GMP today for any further fluctuations.


2. Bajaj Housing Finance IPO Allotment Date and Important Details

The Bajaj Housing Finance IPO opened on September 9, 2024, and today is the last day to subscribe. The IPO has raised ₹6,560 crores, and the allotment is expected to be finalized on September 12, 2024, with a listing date set for September 16, 2024.

Key Dates and Financial Details:

  • Price Band: ₹66 to ₹70 per share
  • Issue Size: ₹6,560 crores (comprising ₹3,560 crores fresh issue and ₹3,000 crores offer for sale)
  • Lot Size: Minimum of 214 shares, requiring an investment of ₹14,980
  • Bajaj Housing Finance IPO Allotment Date: September 12, 2024
  • Expected Listing Date: September 16, 2024

Actionable Insight:
Ensure you have completed the necessary steps by 5 PM today to secure your shares, and keep track of the allotment and listing dates to stay informed.


3. Expected Listing Price of Bajaj Housing Finance Limited

With the GMP rising to 100%, the expected listing price of Bajaj Housing Finance Limited is projected to be ₹140 per share, assuming the GMP holds steady. The strong demand, especially from institutional and retail investors, suggests a robust listing performance.

Factors Influencing Listing Price:

  • Grey Market Premium (GMP): A significant rise in GMP indicates strong investor confidence.
  • Oversubscription: Higher demand typically leads to an upward surge in the listing price.

Actionable Insight:
Given the current GMP trends, investors can expect potential listing gains of around ₹70 per share, but it’s essential to monitor broader market trends closer to the listing date.

 

Bajaj Housing Finance IPO GMP


4. Is the Bajaj Housing Finance IPO Oversubscribed?

Yes, the Bajaj Housing Finance IPO is heavily oversubscribed, especially among Non-Institutional Investors (NII), with a 23.48x subscription. The Retail category is also oversubscribed by 5.27x, indicating strong retail demand.

Subscription Breakdown (as of Day 3):

  • QIB: 9.20x
  • NII: 23.48x
    • bNII (Above ₹10L): 25.86x
    • sNII (Below ₹10L): 18.73x
  • Retail: 5.27x

Actionable Insight:
Oversubscription levels reflect strong investor demand. If you haven’t subscribed yet, today is your last chance.


5. Bajaj Housing Finance IPO Reservation and Promoter Holding

The IPO offers a total of 93.71 crore shares across various investor categories, with a notable 26.8% reserved for anchor investors and 31.27% for retail investors. Bajaj Finance Limited and Bajaj Finserv Limited are the company’s promoters, holding 100% of the pre-issue shareholding. After the IPO, the promoters will retain 87.8%.

Promoter Details:

  • Pre-issue shareholding: 100%
  • Post-issue shareholding: 87.8%

Actionable Insight:
Given the strong backing of Bajaj Group, investors can be more confident in the IPO’s long-term growth potential.


FAQs About Bajaj Housing Finance IPO

1. What is the GMP of Bajaj Housing Finance?

The Bajaj Housing Finance IPO GMP has risen to 100%, reflecting strong demand in the grey market and the potential for significant listing gains.

2. What GMP is good for IPO?

A GMP showing a 10-20% premium is considered good for an IPO. A 100% GMP like Bajaj Housing Finance’s indicates exceptionally high demand.

3. Is Bajaj Housing Finance IPO oversubscribed?

Yes, the IPO is oversubscribed by 10.14x overall, with particularly high demand in the NII and Retail categories.

4. What is the expected listing price of Bajaj Housing Finance Limited?

Based on the current GMP of 100%, the expected listing price is around ₹140 per share, double the issue price.


Conclusion: Should You Invest in Bajaj Housing Finance IPO?

With the Bajaj Housing Finance IPO GMP skyrocketing to 100% and heavy oversubscription across investor categories, this IPO presents a compelling opportunity for both short-term and long-term investors. The solid backing from the Bajaj Group and a positive market outlook make it an attractive option. If you haven’t subscribed yet, today is the last day, so act fast to secure your shares.


Reference Links:

  1. Chittorgarh. (n.d.). Bajaj Housing Finance IPO. Retrieved from Chittorgarh
  2. Moneycontrol. (n.d.). Bajaj Housing Finance IPO: Details, Dates, and Market Trends. 

Bajaj Housing Finance IPO GMP


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