What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Bajaj Housing Finance Limited IPO allotment date?

The basis of allotment for Bajaj Housing Finance Limited IPO is scheduled to be finalized on 13 Sep 2024.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 14 Sep 2024.

Bajaj Housing Finance Limited

ListedMainboard

Financial Services / BFSI · NSE / BSE

Bajaj Housing Finance Limited (BHFL), a part of Bajaj Finance Limited, has been serving customers since June 2008. Based in Pune, BHFL is a key player in India's financial sector, especially in the Non-Banking Financial Company (NBFC) category. Recognized as an 'Upper-Layer NBFC' by the Reserve Bank of India (RBI), the company offers various financial services like home loans, loans against property, and business loans. With AAA/Stable and A1+ credit ratings from CRISIL and India Ratings, BHFL is known for its strong financial health and reliability. As of March 2024, the company serves over 3 lakh customers across India with the support of 2,372 employees, making it a trusted name in the lending business.

Price Band

₹66 – ₹70

Issue Size

₹6560 Cr

Lot Size

214 shares

GMP

₹72

+102.9%

Est. Listing

₹142

at current GMP

Subscribed

67.52x

overall

Open

9 Sep 2024

11 Sep 2024

Allotment

13 Sep 2024

Refund

14 Sep 2024

Demat Credit

15 Sep 2024

Listing

16 Sep 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Bajaj Housing Finance Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

13 Sep 2024

Basis finalization

Refunds Initiate

14 Sep 2024

Mandate release

Demat Credit

15 Sep 2024

Shares in demat

Listing Debut

16 Sep 2024

Trading begins

How to Check Bajaj Housing Finance Limited IPO Allotment Status

Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
Select Bajaj Housing Finance Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Bajaj Housing Finance Limited Public Issue & Market Profile

Bajaj Housing Finance Limited is bringing an initial public offering (IPO) in the Financial Services / BFSI sector with an aggregate issue size of ₹6,560 Crores. The shares are offered at a price band of ₹66 to ₹70 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-09-11, the basis of allotment is scheduled to be finalized on 2024-09-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.