The Bajaj Housing Finance IPO share is skyrocketing on the second day of listing also with Rs 181.5 of 10% Upper Circuit.
Now you can Check LIVE IPO GMP with Moneysena
The Bajaj Housing Finance IPO, As you know is a very hot topic in Dalal Street due to its stellar listing gains on September 16, 2024. Pre-listing is also a popular topic due to its high Grey Market Price (GMP). It is listed on NSE and BSE with Rs 150 against its issue price of 70 which is almost a 115% gain. So there was a huge profit, and it was Rs .17120 per lot. But after that, it went Rs 165 hitting its Upper circuit which was set at 10% on Listing Day itself, and Rs 181.5 with again 10% Upper circuit on the Second Day of Listing.
The Bajaj housing finance share is keeping the momentum after a blockbuster IPO debut. If we compare the issue price of Rs 70 with the latest market price of Rs 181.5, then it is almost a 160% gain and if it continues the same way then within 2 days it will cross the Rs.200 Mark with a 185 % gain and per lot Rs 27820 Gain.
Looking at Bajaj Housing’s finance IPO stellar Debut, it got its first Brokerage initiation report from Philip Capital. Brokerage has given a Buy Call and said that it has more steam left on the upside and can witness a decent Upside. Many brokerages are bullish on the counter with a long-term view. However, some of the brokers have asked to book at least partial profit. And For short-term traders are asked to remain cautious on the new entries.
Bajaj Housing Finance IPO Details
The Bajaj Housing Finance (BHFL) IPO is a total of Rs 6560 Crores in which 3560 crores of shares were fresh issue and Offer for sale were equal to 3000 crore amount. Bidding was started from 9 September 2024 to 11 September 2024. Allotment day was Friday 14 September 2024 and Listing was on 16 September 2024 Monday.
You can check these on Below given Table.
IPO Dates of Bajaj Housing Finance:
| Event | Date |
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
Bajaj Housing Finance IPO Lot Size
The Bajaj Housing Finance IPO Price Band was Rupees 66-70 with a Lot size of 241 shares which results in Rs 14980 per Lot. So the Minimum amount for Retail was Rs 14980 with 214 shares. For sNII were 14 lots with an amount of Rs 209720 and For bNII 67 lots which equals the amount of Rs.1003660.
Bajaj Housing Finance IPO Lot Size:
| Application Type | Lots | Shares | Amount |
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2,782 | ₹194,740 |
| S-HNI (Min) | 14 | 2,996 | ₹209,720 |
| S-HNI (Max) | 66 | 14,124 | ₹988,680 |
| B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
Bajaj Housing Finance IPO Subscription
On final day the Bajaj Housing Finance IPO Subscription was 7 Times you can check the Category wise subscription in the Below Table.
| Subscription-based on Category | Subscription on Final Day |
| Retail Investors | 5.75 Times |
| Qualified Institutional Buyers | 8.20 Times |
| Non-Institutional Investors | 6.30 Times |
| Overall Subscription | 7.10 Times |
Bajaj Housing Finance Company Overview
Bajaj Housing Finance Ltd. (BHFL) is a Housing Finance Company registered with the National Housing Bank (NHB). It is a subsidiary of Bajaj Finance Ltd. (BFL). BHFL has been in the mortgage lending business since 2017-18.It has been classified by the RBI as an upper-layer NBFC (NBFC-UL), making it one of the 15 NBFCs in this category.
Bajaj Housing Finance offers various financial solutions like home loans, loan against property, and lease rental discounting for individuals and corporations. The firm maintains a quality asset base, with stable profitability and limited exposure to risky assets.
BHFL’s Performance Highlights, FY2024
• Assets under management (AUM) ie increased by 32% to C 91,370 crore.
• Total income increased by 34% to C 7,618 crore.
• Net total income (NTI) Grew by 19% to C 2,925 crore.
• Opex to NTI decreased from 25.7% in FY2023 to 24.0% in FY2024.
• Pre-impairment operating profit grew by 22% to C 2,222 crore.
• Impairment on financial instruments was C 61 crore Vs C 124 crore in FY2023.
• Profit before tax (PBT) grew by 27% to C 2,161 crore.
• Profit after tax (PAT) grew by 38% to C 1,731 crore.
• Capital adequacy ratio as of 31 March 2024 was 21.28%, very well and above the regulatory norms.
For more insight refer annual reports of Bajaj Housing Finance Limited.
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