The allotment status for Bajaj Housing Finance Limited’s Initial Public Offering (IPO) has been announced. Investors who applied for the public issue can now check their allotment status online by visiting the BSE website or the official registrar’s site, KFin Technologies Limited.
With the IPO allotment confirmed, attention has now shifted to the upcoming listing date, which is set for Monday, September 16, 2024. Many market watchers are keeping a close eye on the stock’s debut performance.
Grey Market Premium Signals Positive Outlook
Following the allotment announcement, the grey market has shown increased enthusiasm for Bajaj Housing Finance shares. According to market reports, the shares are currently trading at a premium of ₹79 in the grey market. This is an increase from ₹77 previously, suggesting strong demand and indicating potential gains for investors.
The current Grey Market Premium (GMP) implies that the stock could list at around ₹149 per share, translating to a possible 110% gain compared to the IPO’s upper price band.
While the grey market premium suggests a positive listing, market experts have advised caution. They emphasize that GMP is an informal and unregulated measure that doesn’t directly reflect the company’s financial health. Investors are encouraged to consider the company’s financials and long-term prospects when making decisions, rather than relying solely on grey market signals.
With the listing date approaching, investors are eagerly waiting to see how Bajaj Housing Finance performs on its stock market debut.
