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.

What is the estimated listing price for Bajaj Housing Finance Limited IPO?

Based on the upper price band of ₹70 and current GMP of ₹72, the estimated listing price is ₹142 (approx. 102.9% gain).

What is the expected profit per lot for Bajaj Housing Finance Limited IPO?

With a lot size of 214 shares and current GMP of ₹72, expected profit per retail application lot is approximately ₹15,408.

IPO GreyPremiumLIVE

Grey Market Intelligence

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

Live Grey Market Premium

Bajaj Housing Finance Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹72+102.9%

Issue Price (Upper)

₹70

Band: ₹66 – ₹70

Estimated Listing Price

₹142

Upper price + GMP

Lot Size

214 shares

Min investment ₹14,980

Date	GMP (₹)	GMP %	Est. Listing
27 Feb 2025	+₹72	102.9%	₹142
20 May 2026	+₹72	102.9%	₹142

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 & Pricing Context:

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.

Basis of Allotment & Listing Timeline:

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 is Bajaj Housing Finance Limited IPO GMP today?

The latest grey market premium for Bajaj Housing Finance Limited IPO is ₹72, which indicates an expected listing price of ₹142.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.