The Bajaj Housing Finance IPO has made a significant impact on the Indian stock markets, helping both the Sensex and Nifty reach all-time highs. The IPO, which opened for bidding from September 9 to September 11, 2024, saw an overwhelming response from investors. This article delves into the details of the IPO, how it contributed to the market surge, and how you can check your allotment status.
Impressive Subscription Figures
The Bajaj Housing Finance IPO closed with an astonishing subscription rate of 67.37 times by September 11, 2024, at 5:01:08 PM. This robust demand came from various investor categories:
- Qualified Institutional Buyers (QIBs) led the charge with a staggering subscription rate of 222.05 times. This reflects a strong interest from institutional investors who are typically seen as more confident about the company’s prospects.
- Non-Institutional Investors (NIIs) showed considerable engagement, with their portion subscribed 43.92 times. Among these, large NIIs with bids over ₹10 lakh subscribed 50.53 times, while smaller NIIs with bids below ₹10 lakh subscribed 30.70 times.
- Retail Investors displayed moderate interest, subscribing 7.32 times.
- Employees and Others also participated, with their portions subscribed 2.09 times and 18.45 times, respectively.
This diverse and enthusiastic participation underlines a positive market sentiment towards Bajaj Housing Finance and hints at optimistic expectations for its future.
How to Verify the Status of Your IPO Allotment for Bajaj Housing Finance
You should verify the status of your allotment if you applied for the Bajaj Housing Finance Initial Public Offering. Here is a detailed tutorial on how to accomplish that:
On the Registrar’s Website
- Visit Kfin Technologies’ Website: Go to Kfin Technologies IPO Status.
- Select the IPO: From the list, choose Bajaj Housing Finance IPO.
- Choose Your Mode: You can check using PAN ID, Demat Account number, or Application number.
- Enter Details: Select “Application Type” as either “ASBA” or “non-ASBA” and fill in the required details.
- Complete Security Verification: Fill out the captcha accurately.
- Submit: Click “Submit” to view your status.
On the BSE Website
- Go to BSE IPO Status: Click on BSE Application Status.
- Select Issue Type: Choose “Equity” and then “Bajaj Housing Finance Limited.”
- Enter Details: Provide your application number and PAN ID.
- Search: Click ‘I am not a robot’ and then press the search button to get your allotment status.
Through Internet Banking
- Log In: Access your bank’s website or app and log in.
- Find IPO Section: Look for “IPO Services” or “Application Status.”
- Provide Information: Enter details such as your PAN, application number, or other required identifiers.
- Verify Status: Review the IPO allotment status displayed.
In Your Demat Account
- Log In: Access your Demat account via your Depository Participant’s app or website.
- Find IPO Section: Look for items or sections pertaining to IPOs.
- Check Allotment Status: Verify if the IPO shares are visible in your account.
- Verify with Registrar: If needed, cross-check with the Registrar’s website or contact customer service.
IPO Timeline and Details
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Refunds Initiated: September 13, 2024
- Shares Credited to Demat: September 13, 2024
- Listing Date: September 16, 2024
With a price per share ranging from ₹66 to ₹70, the IPO sought to raise ₹6,560 crore by combining an offer for sale and a new issuance. Retail investors had to invest a minimum of ₹14,980, while non-institutional investors had to invest at greater levels.
Impact on Market Performance
The record-breaking subscription of the Bajaj Housing Finance IPO significantly influenced market performance. On the day after the IPO closed, both the Sensex and Nifty surged to record highs. The massive block of funds held in IPO applications, which was expected to be released or reallocated, likely contributed to the market rally.
The Sensex and Nifty’s surge was driven by large-cap stocks like Reliance Industries, HDFC Bank, and Infosys, among others. Additionally, the IPO’s record demand contributed to increased liquidity in the market, further propelling the indices upward.
The Bajaj Housing Finance IPO has not only demonstrated immense investor interest but also played a crucial role in pushing the Sensex and Nifty to unprecedented levels. With an overwhelming subscription and strong market performance, this IPO highlights the bullish sentiment prevailing among investors. Keep an eye on the IPO allotment status and prepare for the upcoming listing to make the most of this historic offering.
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