The IPO of Bajaj Housing Finance, a company of Bajaj Group, one of the oldest business houses in the country, has opened today. Through this issue, the company has planned to raise more than Rs 6500 crore. If you want to invest in IPO and have missed investing in the issue that came in the past, then this is a great opportunity for you to invest and by investing just Rs 15,000, you can ensure your share in the profits of this big company, that is, you can become a partner in the company.
You can invest money till 11 September
Investors planning to invest in the IPO market will be able to invest in Bajaj Housing IPO for three days i.e. till September 11. The size of this issue is Rs 6,560 crore and through this the company will seek bids for a total of 937,142,858 shares with a face value of Rs 10. Bajaj Housing will issue 508,571,429 fresh shares worth Rs 3,560 crore, while 428,571,429 shares worth Rs 3000 crore will be sold through Offer for Sale (OFS).
On the first day of subscription on September 9, at 12 noon, this IPO was subscribed about 0.50 times. In which the NII category was subscribed more than 100%.
1758 crores raised from anchor investors
Before opening for general investors today, Bajaj Housing Finance’s IPO was opened for the company’s anchor investors on Friday, the last trading day of last week, and it received a tremendous response. Bajaj Housing has raised Rs 1,758 crore from anchor investors. The company’s anchor investors include prominent names like the Government of Singapore, ADIA, Fidelity, Invesco, HSBC, Morgan Stanley, Nomura and JP Morgan.
This is how to become a partner for Rs 15000
Now let’s talk about how you can become a partner in this big company for just Rs 15,000 and ensure your share in its profits. So let us tell you that Bajaj Housing Finance has fixed a price band of Rs 66-70 per share for the IPO and its lot size is 214 shares, which means any investor will have to bid for at least this many shares.
According to the upper price band, a minimum investment of Rs 14,980 will have to be made for one lot. An investor can bid for a maximum of 13 lots in this IPO and in this case, an investment of Rs 1,94,740 will have to be made for 2782 shares. If the IPO is successful, then your benefit is also certain.
Shares will be listed on BSE-NSE
After the closing on September 11, the process of allotment of shares of the company will be on September 12 and the refund process will be on September 13. Along with this, the process of crediting shares to the demat accounts of the bidding investors will start from September 13 itself. The company has fixed the date of 16 September 2024 for the possible listing of the company’s shares in the stock market.
The company’s network spread across 20 states
Bajaj Housing Finance was established in the year 2008 and was registered with the National Housing Bank (NHB) in the year 2015. After this, since the year 2018, this company is engaged in providing mortgage loans or loans against properties. This housing finance firm is part of the Bajaj Group. According to the report, as of March 31, 2024, Bajaj Housing Finance had 3,08,693 active customers, out of which 81.7 percent were home loan customers. The company has a large network of 215 branches in 174 locations across 20 states and 3 union territories.
(Note- Before making any kind of investment in the stock market or IPO market, please consult your market experts.)
Source (PTI) (NDTV) (HINDUSTANTIMES)