Urgent: 7 Shocking Details About the Bajaj Housing Finance IPO Allotment Status You Can’t Miss!
The Bajaj Housing Finance IPO has caught the attention of retail and institutional investors alike, thanks to its significant growth potential and attractive price band. In this detailed article, we break down everything you need to know about the Bajaj Housing Finance IPO allotment status, including key dates, allotment categories, and how to check your status. With strong backing from Bajaj Finance, this IPO is expected to perform well in the market, making it crucial for applicants to stay updated.
Bajaj Housing Finance IPO Key Details
From the information provided, the IPO is expected to generate significant interest, given its scale and pricing. Here are the important details from the IPO:
| Detail | Information |
|---|---|
| IPO Date | September 9, 2024, to September 11, 2024 |
| Listing Date | September 16, 2024 (tentative) |
| Face Value | ₹10 per share |
| Price Band | ₹66 – ₹70 per share |
| Lot Size | 214 shares |
| Total Issue Size | ₹6,560 crores |
| Fresh Issue | ₹3,560 crores |
| Offer for Sale | ₹3,000 crores |
| Listing At | BSE, NSE |
The company is offering a mix of fresh issues and shares via an offer for sale, which is expected to attract both institutional and retail investors.
Bajaj Housing Finance IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI Mandate Confirmation | 5 PM on September 11, 2024 |
Ensure to stay updated on the Bajaj Housing Finance IPO allotment date and other key dates to take full advantage of your investment.
Bajaj Housing Finance IPO Lot Size & Investment Amount
Investors can bid for a minimum of 214 shares, and the table below details the investment required based on the number of lots applied for.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2,782 | ₹194,740 |
| S-HNI (Min) | 14 | 2,996 | ₹209,720 |
| S-HNI (Max) | 66 | 14,124 | ₹988,680 |
| B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
This structure ensures participation across various categories of investors, from retail to high-net-worth individuals (HNIs).
IPO Allotment Probability by Category
Understanding the allotment probability is crucial for managing expectations. Based on historical data, here’s the estimated allotment rate for different categories:
- BHNI Category (Above ₹10 lakh): Out of 10 applications, at least 1 is likely to get an allotment.
- SHNI Category (Above ₹2 lakh): Out of 30 applications, at least 1 is likely to get an allotment.
- Retail Category (₹15,000 application): Out of 7 applications, at least 1 is likely to get an allotment.
This suggests that HNI applicants may have a slightly better chance compared to retail investors, although the retail category still offers reasonable odds.
How to Check Bajaj Housing Finance IPO Allotment Status
Checking your Bajaj Housing Finance IPO allotment status is simple and can be done through either the registrar’s website or the BSE website.
Steps to Check Allotment on KFin Technologies Website:
- Visit the KFin Technologies website.
- Select “Bajaj Housing Finance IPO” from the list of IPOs.
- Enter your PAN number, application number, or DP/Client ID.
- Click on “Submit” to view your IPO allotment status.
Steps to Check Allotment on BSE:
- Go to the BSE website.
- Select the “Equity” option under “Issue Type.”
- From the dropdown, choose “Bajaj Housing Finance IPO.”
- Input your application number and PAN.
- Click “Submit” to check your status.
Grey Market Premium (GMP) for Bajaj Housing Finance IPO
As of the latest data, the Bajaj Housing Finance IPO GMP is trading at ₹60. The grey market premium reflects the strong demand and positive sentiment surrounding the IPO. This premium suggests that the listing could be highly successful, with potential gains for those who receive an allotment.
Investors tracking the IPO GMP live can gauge market sentiment before the listing.
FAQ: Bajaj Housing Finance IPO Allotment Status
1. How to Check Bajaj Housing Finance IPO Allotment Status?
You can check your IPO allotment status through the KFin Technologies website or the BSE platform. Ensure you have your application or PAN details handy.
2. When is the Bajaj Housing Finance IPO Allotment Date?
The allotment date is expected to be Thursday, September 12, 2024.
3. What is the Grey Market Premium (GMP) for Bajaj Housing Finance IPO?
The GMP for the Bajaj Housing Finance IPO is currently ₹60, indicating a positive response in the grey market.
4. What is the Expected Listing Date for Bajaj Housing Finance IPO?
The expected listing date is Monday, September 16, 2024.
5. What is the Price Band for Bajaj Housing Finance IPO?
The price band for the IPO is set between ₹66 and ₹70 per share.
6. What are the Allotment Probabilities?
For retail investors, at least 1 in 7 applications is expected to receive an allotment, while for BHNIs, at least 1 in 10 applications will likely be allotted.
Actionable Insights
- Track Allotment Status Early: Given the high demand, it’s essential to check your IPO allotment status as soon as possible. Don’t wait until the last minute.
- Monitor Grey Market Premium (GMP): With the current GMP at ₹60, investors can use this as a benchmark for listing day expectations.
- Plan for Listing Day: Based on the allotment and market trends, decide whether to hold or sell your shares. The Bajaj Housing Finance IPO allotment status will give you a clear idea of whether to adjust your strategy.
How to Check Bajaj Housing Finance IPO Allotment Status
If you have applied for the Bajaj Housing Finance IPO, checking the allotment status is crucial to determine if you have received the shares. The allotment status can be checked through multiple channels: the registrar’s portal (KFin Technologies), BSE, and NSE.
Here’s a step-by-step guide on how to check the Bajaj Housing Finance IPO allotment status on these platforms:
How to Check Bajaj Housing Finance IPO Allotment Status on the Registrar’s Portal
To check the Bajaj Housing Finance IPO allotment status on the registrar’s website, KFin Technologies Ltd, follow these steps:
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Visit the Official Registrar Link: Check Bajaj Housing Finance IPO Allotment Status
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Choose Your Method: Once on the page, you will find five links to check your status. Select one of these links.
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Select IPO: From the “Select IPO” drop-down menu, choose “Bajaj Housing Finance IPO.”
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Enter Your Details:
- If you are using your Application Number, enter it along with the captcha code, then click “Submit.”
- For Demat Account users, input your DP/Client ID and captcha code, then click “Submit.”
- If you choose to check using your PAN, input your PAN number and the captcha code before clicking “Submit.”
How to Check Bajaj Housing Finance IPO Allotment Status on BSE
You can also check the Bajaj Housing Finance IPO allotment status through the BSE website by following these steps:
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Visit the BSE Allotment Status Page: Check IPO Allotment Status on BSE
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Select ‘Equity’ under Issue Type: Once on the page, under the “Issue Type” section, select “Equity.”
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Select the IPO Name: From the drop-down menu, choose “Bajaj Housing Finance IPO.”
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Enter Application Number or PAN: Input your application number or PAN, followed by the captcha code.
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Click on ‘Search’: After entering the required details, click “Search” to view your Bajaj Housing Finance IPO allotment status.
How to Check Bajaj Housing Finance IPO Allotment Status on NSE
Alternatively, you can also check your allotment status on the National Stock Exchange (NSE) platform. Here’s how:
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Visit the NSE IPO Allotment Status Page: Check IPO Status on NSE
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Sign Up with PAN: If you’re a new user, click the “Click here to sign up” option and register using your PAN number.
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Log In: Once registered, log in using your password, user name, and captcha code.
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Check IPO Allotment Status: After logging in, navigate to the IPO section and check your Bajaj Housing Finance IPO allotment status.
Additional Insights
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Grey Market Premium (GMP): Keep an eye on the grey market premium (GMP), which is currently trending at ₹60 for the Bajaj Housing Finance IPO. This can give you an indication of market sentiment before the stock lists.
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Allotment Date: The Bajaj Housing Finance IPO allotment date is scheduled for Thursday, September 12, 2024. Make sure to check your allotment status soon after this date.
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Listing Date: The shares are expected to list on Monday, September 16, 2024, on both BSE and NSE.
Related Stories
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Bajaj Housing Finance IPO Fully Subscribed on Day 1: The IPO saw a strong response, with the retail and NII portions being oversubscribed. Check out the GMP and subscription status as the issue progresses.
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Bajaj Housing Finance IPO Day 3 Update: With the subscription period closing on September 11, 2024, make sure to stay updated on the latest grey market premium and subscription data to make an informed decision.
Conclusion
The Bajaj Housing Finance IPO is one of the most anticipated offerings of the year, with a significant amount of interest from retail, HNI, and institutional investors. With the allotment date approaching, make sure you are ready to check your Bajaj Housing Finance IPO allotment status through the registrar, BSE, or NSE. Additionally, keep an eye on the grey market premium for an early indication of how the shares might perform once they list on the exchanges.
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