The Bajaj Housing Finance IPO saw a strong response, being subscribed 7.51 times by the end of the second day. Non-institutional investors (NIIs) oversubscribed their portion by 16.46 times, while qualified institutional buyers (QIBs) saw 7.46 times the demand for the offered shares. Retail investors (RIIs) subscribed 3.84 times their reserved shares.
- QIBs: 17.75 crore shares offered, 132.43 crore bid
- NIIs: 13.31 crore shares offered, 219.19 crore bid
- RIIs: 31.07 crore shares offered, 119.23 crore bid
IPO Allocation Breakdown
- QIB: 50% of shares
- NII: 15% of shares
- Retail Investors: Minimum 35% of shares
Bajaj Housing Finance Limited opened its IPO on September 9, which will close on September 11. Shares are priced between ₹66 and ₹70. The company has already secured ₹1,758 crore from anchor investors and allocated specific portions for various categories, including a dedicated quota for shareholders.
The IPO allocates up to 50% of shares to qualified institutional buyers (QIB), 15% to non-institutional investors (NII), and at least 35% for retail investors.
