Bajaj Housing Finance IPO subscribed 41.77 times so far

11 Sep 2024 , 02:41 PM

Bajaj Housing Finance’s mammoth IPO enters the final day of bidding today (Thursday, September 11), following a strong subscription over the previous two days. With demand for the public component of the sale already exceeding Rs 38,000 crore, investors have witnessed the IPO receives a total oversubscription of 42.72 times so far today.

Bajaj Housing Finance’s Rs 6,560-crore public issue was already over 7.5 times subscribed at the end of Day 2 of bidding yesterday, owing to ongoing strong demand from non-institutional investors (NIIs). Today qualified institutional buyers (QIBs)have placed bids for 130.24 times their allotted portion.

On Day 3 as of 14:38 p.m., the non-institutional investors’ (NII) quota of the Bajaj Housing Finance IPO was subscribed for 36.87 times. The quota for retail individual investors (RIIs) was subscribed to 6.22 times, while the category for qualified institutional buyers (QIBs) was subscribed 130.24 times.

Bajaj Housing Finance raised Rs 1,758 crore from anchor investors last week, leaving Rs 4,802 crore left for public subscription out of a potential issue size of Rs 6,560 crore. If the public component of the issuance is subscribed at least 21 times, the total subscription value could exceed Rs 1 lakh crore.

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