Bajaj Housing Finance IPO concludes with over Rs 3 lakh crore subscription: Issue booked 63.54x; GMP surges on strong demand

Bajaj Housing Finance IPO (initial public offering) was subscribed over 63.54 times on the last day of bidding today (11 September), and topped over Rs 3 lakh crore in subscription amount. Strong demand for the issue continues from institutional investors and non-institutional wealthy investors.

The Rs 6,560-crore public issue of Bajaj Housing Finance has got bids for over 4,622 crore shares against 72.75 crore shares on offer, across both BSE and NSE, as of 5 pm. With this, the total bid amount for the public issue has topped over Rs 3 lakh crore, according to back of the envelope calculations. Before this, Coal India Ltd (2008) and Mundra Port (2007) IPOs had topped Rs 2 lakh crore in subscription amounts.

The portion meant for non-institutional investors in Bajaj Housing Finance IPO has got subscribed 41.42 times. The Qualified Institutional Buyers (QIBs) quota has received nearly 209.36 times subscription. The quota for Retail Individual Investors (RIIs) has garnered nearly 6.92 times subscription.

Bajaj Housing Finance IPO: Will the issue hit Rs 1 lakh crore subscription?

Bajaj Housing Finance IPO had received 7.51 times subscription till the end of the Day 2 of bidding on Tuesday. The issue got fully subscribed within hours of opening for bidding on Monday and ended the day with 2 times subscription.

Bajaj Housing Finance on Friday said it has collected Rs 1,758 crore from anchor investors.