The IPO of Bajaj Housing Finance, a company of Bajaj Group, one of the oldest business houses in the country, is coming and it will open next week. Through this issue, the company is preparing to raise more than Rs 6500 crore from the market and now its price band has also been disclosed, which is Rs 66-70 per equity share. If you want to invest in IPO and have missed investing money in the issue that came in the past, then get ready to invest. Let’s know other details related to this IPO…
You can invest money from 9th to 11th September
There is good news for investors planning to invest in the IPO market. Bajaj Housing Finance’s IPO is going to open for subscription from September 9 and money can be invested in it 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. Under this, Bajaj Housing will issue 508,571,429 fresh shares worth Rs 3,560 crore, while it will offer 428,571,429 shares worth Rs 3000 crore for bidding.
Become a partner in profit by investing Rs 14980
If you have Rs 15,000, then by bidding in this IPO, you can ensure your share in the company’s profits. Bajaj Housing Finance has fixed the lot size of 214 shares under the IPO, which means you 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.
When will the shares be listed on BSE-NSE?
Before opening for general investors, Bajaj Housing Finance’s IPO will open for anchor investors on September 6 and after Saturday and Sunday holiday, retail investors will be able to bet in it from September 9. After closing on September 11, the process of allotment of the company’s shares 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 September 16, 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)