Bajaj Housing Finance Share Price Live Updates: Bajaj Housing Finance Share Price is all set to list on the bourses at 10:00 IST today. Bajaj Housing Finance shares will be a part of Special Pre-open Session (SPOS) today and the trading in the Bajaj Housing Finance stock will start from 10:00 am.
“Trading Members of the Exchange are hereby informed that effective from Monday, September 16, 2024, the equity shares of Bajaj Housing Finance Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities,” a notice on BSE said.
Bajaj Housing Finance, a non-deposit-taking housing finance company, began its initial public offering on Monday, September 9 and closed it on Wednesday, September 11. The issue received a strong response from various investor categories with non-institutional investors (NIIs) bidding 41.51 times, qualified institutional buyers (QIBs) bidding 209.36 times, and retail investors bidding 7.04 times. The employee portion was subscribed 2.05 times, while the shareholder portion was oversubscribed by 17.53 times. According to BSE data, the subscription status of the Bajaj Housing Finance IPO was 63.61 times on the third day.
Bajaj Housing Finance IPO consists of an offer for sale (OFS) of equity shares by parent company Bajaj Finance for a total of ₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.
The aim of the share offering is to satisfy the directive from the Reserve Bank of India (RBI) for higher layer non-banking financial organisations (NBFCs) to list on stock exchanges by September 2025.
To meet its future capital requirements, the firm will use the proceeds from the new offer to expand its capital base.
Bajaj Housing Finance Share Price Live Updates: Here’s what GMP signals ahead of listing
Bajaj Housing Finance IPO GMP today is +75. This indicates Bajaj Housing Finance share price were trading at a premium of ₹75 in the grey market, according to investorgain.com.
The estimated listing price of Bajaj Housing Finance share price was indicated at ₹145 apiece, considering the upper end of the IPO price band and the current premium in the grey market, representing an 107.14% increase from the IPO price of ₹70.
After analysing the grey market activities from the last 26 sessions, it is evident that today’s IPO GMP is on an upward trend, indicating a strong potential for listing. As indicated by experts on investorgain.com, the GMP ranges from ₹36 to ₹84, with ₹36 being the lowest and ₹84 being the highest.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
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