Bajaj Housing Finance is getting strong response from investors as the issue sailed through on the first day of bidding. As the demand for the IPO increases, the chances of getting an allotment under the retail category might be less.
However, investors looking to maximise their opportunity to secure an allotment can apply under a special quota, which is the shareholders category.
In the Rs 6,560 crore IPO, Bajaj Housing Finance has reserved an additional Rs 500 crore for shareholders of Bajaj Finance and Bajaj Finserv.
The company filed its RHP on August 30 and hence, those investors who hold the shares of Bajaj Finance or Bajaj Finserv till this date can apply under the shareholder's section.
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Investors applying under only category, say retail portion of the issue have less chance of getting an allotment. However, it is advisable that shareholders of