BRAND CONNECT
September 09, 2024 / 13:25 IST
The Bajaj Housing Finance IPO is creating a buzz as it gears up for subscription from September 9 to September 11, 2024. This substantial offering is set to draw considerable attention from investors looking to tap into one of the leading names in the housing finance sector. This article provides an in-depth look at the key details of the IPO, explores the innovative One Click IPO feature, and compares this offering to previous Bajaj Group IPOs to give you a well-rounded view.
Bajaj Housing Finance IPO: Key Details
The Bajaj Housing Finance IPO offers a significant investment opportunity. Here’s a detailed look at the crucial aspects:Detail | Information |
IPO Date | September 9, 2024, to September 11, 2024 |
Listing Date | September 16, 2024 |
Face Value | ₹10 per share |
Price Band | ₹66 to ₹70 per share |
Lot Size | 214 shares |
Total Issue Size | ₹6,560 Crores (comprising a fresh issue and offer for sale) |
Fresh Issue | 50.86 crore shares (aggregating up to ₹3,560 Crores) |
Offer for Sale | 42.86 crore shares (aggregating up to ₹3,000 Crores) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding Pre-Issue | 7,819,575,273 shares |
Shareholding Post-Issue | 8,328,146,702 shares |
IPO Timeline
Key dates for the Bajaj Housing Finance IPO are as follows:Event | Date |
IPO Open Date | September 9, 2024 |
IPO Close Date | September 11, 2024 |
Basis of Allotment | September 12, 2024 |
Initiation of Refunds | September 13, 2024 |
Credit of Shares to Demat | September 13, 2024 |
Listing Date | September 16, 2024 |
Cut-off Time for UPI Mandate Confirmation | 5 PM on September 11, 2024 |
Bajaj Housing Finance IPO Lot Size
Investors can bid with the following lot sizes:Application | Lots | Shares | Amount |
Retail (Min) | 1 | 214 | ₹14,980 |
Retail (Max) | 13 | 2,782 | ₹194,740 |
S-HNI (Min) | 14 | 2,996 | ₹209,720 |
S-HNI (Max) | 66 | 14,124 | ₹988,680 |
B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
Bajaj Housing Finance IPO Reservation
The IPO is allocated among various investor categories, ensuring broad participation:Investor Category | Shares Offered |
QIB | Up to 50% of the Net offer |
Retail | At least 35% of the Offer |
NII (HNI) | At least 15% of the Offer |
Bajaj Housing Finance IPO: Promoter Holding Details
Bajaj Finance Limited and Bajaj Finserv Limited are the primary promoters of the company. Detail | Information |
Promoters | Bajaj Finance Limited, Bajaj Finserv Limited |
Shareholding Pre-Issue | 100.00% |
Shareholding Post-Issue | |
Key Benefits of the Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO brings several advantages for investors:- Established Market Position: Bajaj Housing Finance is a prominent player in the housing finance sector, known for its solid financial foundation and market credibility.
- Expansion Plans: The IPO includes a significant fresh issue component aimed at raising capital for future expansion and growth, which can enhance the company's long-term profitability.
- Attractive Pricing: With a price band of ₹66 to ₹70 per share, the IPO is competitively priced, making it accessible to a broad range of investors, including retail and institutional participants.
- Diversification Opportunity: Investing in this IPO allows you to diversify your portfolio with a reputable company in the housing finance sector, potentially mitigating risks associated with other investment avenues.
Comparing Bajaj Housing Finance IPO with Previous Offerings
When comparing the Bajaj Housing Finance IPO with previous IPOs, several aspects stand out:- Scale and Scope: The ₹6,560 Crore issue size positions this IPO as one of the larger recent offerings, reflecting the company’s ambitious expansion plans.
- Pricing: With a price band of ₹66 to ₹70 per share, the IPO is attractively priced compared to some of the recent IPOs, which could appeal to a broad spectrum of investors.
- Market Position: As a part of the renowned Bajaj Group, this IPO benefits from the group’s strong financial track record, contrasting with some recent IPOs that may have faced more uncertainty.
How to Apply for IPO using HDFC Sky's One Click Feature
The One Click IPO feature on HDFC Sky’s IPO app simplifies the IPO application process, offering a streamlined and efficient experience. Here’s how you can leverage this feature to apply for the Bajaj Housing Finance IPO:- Log in to HDFC Sky: Start by logging into your HDFC Sky account using your credentials.
- Navigate to IPO Section: Go to your profile, select "Indian Stocks," and then click on "IPO."
- Select the IPO: Find the Bajaj Housing Finance IPO from the list and click on "Apply Now."
- Add Bid and Customize: Enter your bid details and customize your application as needed.
- Proceed to Payment: Choose to pay using UPI (Unified Payments Interface).
- Approve the Mandate: Open your UPI or banking app to approve the payment mandate.
- Confirm and Place Order: Finalize your application by confirming and placing your order.
Conclusion
The Bajaj Housing Finance IPO represents a significant opportunity in the share market, combining growth potential with a strategic expansion plan. The One Click IPO feature from HDFC Sky makes it easier than ever to participate in this major event. Take advantage of this streamlined investment process to engage with a leading housing finance company and explore the benefits of investing in an IPO with cutting-edge technology.Moneycontrol Journalists were not involved in the creation of the article.
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