Bajaj Housing Finance IPO: How to apply under shareholder category
Bajaj Housing Finance (BHF), which is open from September 9 to September 11, has reserved equity shares aggregating up to ₹500 crore under the shareholders' quota. Shareholders of Bajaj Finance and Bajaj Finserv benefit as they can make two applications in the IPO. Here is how they can make the best of it.
Who is eligible to apply under the shareholders' quota ?
Any shareholder who holds even a single share in the parent company Bajaj Finance or Bajaj Finserv is eligible to apply for shares under the shareholders' quota of the Bajaj Housing Finance IPO. As per guidelines issued by the market regulator Securities and Exchange Board of India (SEBI), those who held the parent company's shares on the filing date of RHP (Red Herring Prospectus) would be eligible to apply for the subsidiary company under the shareholders' quota. Thus, as of August 30, 2024, those who held shares of Bajaj Finance and Bajaj Finserv in their demat accounts are eligible to apply under the shareholders' quota of the Bajaj Housing Finance IPO.
How do Bajaj Finance and Bajaj Finserv shareholders benefit?
Compared to public issue applicants who can make only a single application, the shareholders of Bajaj Finance and Bajaj Finserv can make two applications. Thus the probability of getting shares increases for them.
What is the lot size for this IPO?
Lot size is the minimum number of shares an investor can apply for. Applications must be made in multiples of this lot size. Here the lot size is 214 shares and the upper price band is ₹70. So
