Bajaj Housing Finance IPO Live Updates: Issue booked 2.74 times on Day 2 so far. Check GMP, review, other details
₹66-70. The company has raised ₹1,758 crore from anchor investors and reserved portions for various investor categories, including a special quota for shareholders.The Bajaj Housing Finance IPO has allocated up to 50% of the shares in the public issue for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and a minimum of 35% of the offer is set aside for retail investors.The initial public offer of Bajaj Housing Finance IPO has been subscribed 2.02 times on the first day of subscription today, as per BSE data.The portion for retail investors received 1.51 times subscription while the quota for non-institutional investors got subscribed 4.35 times.
The qualified institutional buyers (QIBs) part is booked 1.07 times. The employee portion has been subscribed 32%, and Shareholder portion has been subscribed 2.90 times.Since September 2015, Bajaj Housing Financing has been registered with the National Housing Bank as a non-deposit taking housing financing firm.
It provides financing options for buying and remodeling both residential and commercial buildings.The Reserve Bank of India has classified it as a "upper layer" nonbank financial institution (NBFC). The company offers a wide range of mortgage products, such as house loans, loans secured by real estate, lease rental discounting, and developer financing.Two home financing businesses that have recently been listed on stock markets are Aadhar home financing and India Shelter Finance.“The IPO's valuation is reasonable.
There is significant anticipation and demand for the IPO. Given the company's strong heritage, financial performance, and market excitement, we recommend subscribing to the IPO for potential listing gains and long-term value
. Read more on livemint.com
