Bajaj Housing Finance IPO subscribed 3x so far on Day 2; GMP rises to 90%

economictimes.indiatimes.com:

At 11:09 am, the issue attracted bids for 2,17,98,61,352 shares, or 3 times against the issue size of 72,75,75,756 shares. The retail portion of the issue was subscribed 2.37 times, and the non-institutional category's subscription rate stood at 6.82 times. The allocation for qualified institutional bidders was booked 1.08 times.

According to market analysts, Bajaj Housing Finance's grey market premium (GMP) stands at Rs 63-64, reflecting a 90% premium over the issue price.

Ahead of the issue opening, the company has raised Rs 1,758 crore from marquee anchor investors, including JP Morgan, Morgan Stanley, Nomura, and HDFC Mutual Fund.

The company, promoted by Bajaj Finance and Bajaj Finserv, will raise around Rs 6,560 crore through the public offer, which is a combination of Rs 3,560 crore worth of fresh equity sale and an offer for sale (OFS) of Rs 3,000 crore.

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Bajaj Housing Finance IPO price band

The company has fixed a