Bajaj Housing Finance IPO Oversubscribed by 6.23 Times on Day 2

10 Sep 2024 , 04:05 PM

Bajaj Housing Finance Limited announced its initial public offering on September 9 and will close on September 11. The issue is offering shares between ₹66-70. The company received ₹1,758 crore from anchor investors and allocated portions to several investor groups, including a special quota for shareholders.

The Bajaj Housing Finance IPO has reserved up to 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and at least 35% for retail investors.

The initial public offering of Bajaj Housing Finance IPO has been subscribed 6.18 times on the second day of subscription today, according to BSE data.

As of 16:00 p.m, Retail investors placed 3.64 times the subscriptions, while non-institutional investors placed 14.93 times the subscriptions. The qualified institutional buyers (QIBs) segment is booked 3.88 times. The employee portion has been subscribed to 85%, while the shareholder portion has been subscribed 8.77 times.

Since September 2015, Bajaj Housing Financing has been registered with the National Housing Bank as a non-deposit housing financing company. It offers financing solutions for purchasing and remodelling both residential and commercial properties.

The Reserve Bank of India classifies it as a “upper layer” nonbank financial institution (NBFC). The organisation provides a wide range of mortgage products, including home loans, real estate-backed loans, lease rental discounts, and developer financing.

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