Bajaj Housing Finance IPO: Record-Breaking Bids and How to Check Your Allotment Status

Bajaj Housing Finance IPO Allotment Check Application Status Step-by-Step Guide & GMP Post Historic Bidding

The Bajaj Housing Finance IPO has made headlines with its record-breaking bids, making it one of the most talked-about public offerings in recent times. With an astonishing ₹3.24 lakh crore in bids, this IPO has set a new benchmark in the Indian capital markets. As the allotment process is set to be finalized today, here’s everything you need to know about how to check your allotment status and understand the Grey Market Premium (GMP) associated with this high-profile IPO.

Record-Breaking Subscription

The Bajaj Housing Finance IPO, which was open for bidding from September 9 to September 11, 2024, saw unprecedented demand. The company offered shares in a fixed price band of ₹66-70 per share, with a lot size of 214 shares. The issue raised a total of ₹6,560 crore, including a fresh share sale of ₹3,560 crore and an offer for sale worth ₹3,000 crore by Bajaj Finance.

Key Subscription Figures:

Overall Subscription: 63.61 times
Qualified Institutional Buyers (QIBs): Subscribed 209.36 times
Non-Institutional Investors: Subscribed 41.51 times
Retail Investors: Subscribed 7.04 times
Shareholders and Employees: Subscribed 17.53 times and 2.05 times, respectively

The IPO attracted bids for 46,28,35,82,522 shares, amounting to ₹3.24 lakh crore. Notably, the QIB portion alone saw bids for 37,17,70,59,692 shares, highlighting the strong institutional interest.

How to Check Your Allotment Status

Investors who participated in the Bajaj Housing Finance IPO can check their allotment status through the following platforms:

On the Bombay Stock Exchange (BSE) Website:

Visit the BSE IPO Application Status Page: Go to the BSE IPO Status page.
Select Issue Type: Choose “Equity” from the dropdown menu.
Select Issue Name: Find and select “Bajaj Housing Finance Ltd” from the list.
Enter Application Details: Input your application number and PAN card ID.
Complete CAPTCHA: Verify that you are not a robot by completing the CAPTCHA.
Submit: Click on ‘Submit’ to view your allotment status.

On the KFin Technologies Website:

Visit KFin Technologies: Go to the KFin IPO Status page.
Select IPO Name: Choose “Bajaj Housing Finance Ltd” from the dropdown list (available once allotment is finalized).
Choose Application Mode: Select from Application number, Demat Account number, or PAN ID.
Select Application Type: Choose between ASBA (Applications Supported by Blocked Amount) and non-ASBA.
Enter Required Details: Fill in the details based on your selected mode and application type.
Complete CAPTCHA: Enter the CAPTCHA code for verification.
Submit: Click on ‘Submit’ to check your allotment status.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) provides an unofficial gauge of the IPO’s potential listing gains. As of the latest updates, Bajaj Housing Finance shares are commanding a GMP of ₹75 per share, suggesting a potential listing gain of approximately 104%. This reflects a significant increase from the GMP of ₹70 observed at the close of the bidding period.

What to Expect Next

Listing Date: Bajaj Housing Finance shares are expected to be listed on both the BSE and NSE on Monday, September 16, 2024.
Market Reaction: Monitor the market conditions and GMP trends as they can influence the post-listing performance of the shares.
Brokerage Consultation: If you encounter any issues or have questions regarding the allotment, reach out to your broker for assistance.

The Bajaj Housing Finance IPO has set new records and captured significant investor interest. By following the above steps, you can easily check your allotment status and stay informed about the GMP. Keep an eye on the upcoming listing and market trends to make informed decisions about your investment.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always consult with a financial advisor before making any investment decisions.