Summary
Bajaj Housing Finance IPO garnered strong response from investors and closed at a staggering 67.37 times subscription till 5:01:08 PM on 11th September 2024 (Day 3). The public issue witnessed high demand across various investor categories with the Qualified Institutional Buyer (QIB) category leading the way. The QIB segment was subscribed 222.05 times reflecting high interest from institutional investors.

The Non-Institutional Buyer (NII) category showed strong engagement with 43.92 times subscription, with large NIIs (bids above Rs 10 million) at 50.53 times and small NIIs (bids below Rs 10 million) at 30 times 0.70 times. Retail investors showed moderate interest with the IPO being subscribed 7.32 times in this category. The employee portion was subscribed 2.09 times and the “Others” category was subscribed 18.45 times. This strong response across categories highlights the positive market sentiment towards Bajaj Housing Finance’s offering and suggests investors’ optimistic expectations about the company’s future performance.

Background of Bajaj Housing Finance

Founded in 2008, Bajaj Housing Finance is a subsidiary of Bajaj Finance Ltd., one of India’s largest and most respected non-banking financial companies (NBFCs). Bajaj Finserv, the parent company of Bajaj Finance, holds a substantial stake in this housing finance entity. Over the years, Bajaj Housing Finance has carved out a niche in the mortgage loan market, offering a diverse range of products, including home loans, loans against property, and developer finance.

Registered with the National Housing Bank (NHB) in 2015, Bajaj Housing Finance operates as a non-deposit-taking housing finance company. Its services are designed to cater to both individual customers seeking home loans and corporate clients looking for commercial real estate financing options. As of March 31, 2024, the company boasted an active customer base of over 308,000 clients, primarily in the home loan segment

How to Check Bajaj Housing Finance IPO Allotment Status:
How to check Bajaj Housing Finance IPO allotment status on the registrar’s website?

Step 1: Visit the Kfin Technologies Limited web gateway. (https://ris.kfintech.com/ipostatus/)
Step 2: Select “Bajaj Housing Finance IPO” from the selection menu.

Step 3: Select one of the three modes: PAN ID, Demat Account Number, or Application Number
Step 4: Select Application Type and choose ASBA or Non-ASBA.
Step 5: Enter the details relevant to your selected mode.
Step 6: For security reasons, enter the captcha accurately.
Step 7: Click on “Submit”.
How can I check the allotment status of Bajaj Housing Finance IPO on BSE?

Investors who have bid in Bajaj Housing Finance IPO can monitor the allotment status on the Bombay Stock Exchange (BSE) website.
Step1:Click on this link: https://www.bseindia.com/investors/appli
Step 2: Click on “Issue Type” and select “Equity”.
Step 3: Select “Bajaj Housing Finance Limited” from the drop-down menu under “Stock Name”.
Step 4: Enter your Application Number.
Step 5: Enter your PAN ID.

Step 6: Select “I’m not a robot” and press the search button.
How do I check the IPO allotment status of my bank account?

Log in to your online banking: Visit your bank’s website or mobile app and log in. Explore the IPO section: Go to the IPO section and find the “IPO Services” or “Application Status” section. These can be found under the “Investment” or “Services” tab. Information you need to provide: You may be asked to provide information like PAN, application number and other identifiers.  Check your allotment status: Once you submit your information, you will see your IPO allotment status showing the allotted shares available to you.  Check the status: To ensure accuracy, check the status with your IPO registrar or use other resources.

How do I check the IPO allotment status in my demat account?

1. Open and log in to your Demat account. To access your Demat account, use the Depository Participant (DP) mobile app or website.
   Find the IPO section: Look for the section titled “IPO” or “Portfolio”. Search for services or listings related to IPOs. Check your IPO allotment status: Check the IPO section to see if the shares allotted to you are visible in your demat account. This section often shows the status of your IPO application. Check with your registrar: If you are unable to access your IPO shares, visit your registrar’s website and enter your application details to check your allotment. Contact your DP service, if required. In case of any discrepancies or issues, contact your DP customer service.
   Bajaj Housing IPO Schedule:

• Bajaj Housing Finance IPO Opening Date: 9th September 2024
• Bajaj Housing Finance IPO Closing Date: 11th September 2024
• Bajaj Housing Finance IPO Allotment Date: 12th September 2024
• Bajaj Housing Finance IPO Refund Start: 13th September 2024
• Bajaj Housing Finance IPO Equities Demat Credit: 13th September 2024
• Bajaj Housing Finance IPO Listing Date: 16th September 2024

Bajaj Housing Finance IPO Subscription Status:

Bajaj Housing Finance IPO was subscribed for 67.37 shares. As of 5:01:08 PM on 11 September 2024 (Day 3), this public issue has been issued 7.32 times in the retail sector, 222.05 times in the QIB sector, and 43.92 times in the NII sector.
Bajaj Housing Finance IPO Details
Bajaj Housing Finance IPO is a bookbuilding issue worth Rs 6,560 crore. The offer includes a fresh issue of shares worth Rs 5,086 crore for a total proceeds of Rs 3,560 crore and an offer for sale of shares worth Rs 4,286 crore for a total proceeds of Rs 3,000 crore.
The bidding process for Bajaj Housing IPO began on September 9, 2024 and ended on September 11, 2024. The final allotment for the IPO is scheduled for September 12, 2024. Further, Bajaj Housing Finance shares are expected to be listed on the BSE and NSE with a provisional listing date of September 16, 2024. The price band for Bajaj Housing Finance’s IPO has been set at ₹66-₹70 per share. Investors will need to apply for a minimum lot size of 214 shares, with a minimum investment of 14,980 for retail investors. For small non-institutional investors (sNIIs), the minimum investment is 14 lots (2,996 shares) totalling 209,720. However, for large non-institutional investors (bNIIs), the minimum investment is 67 lots (14,338 shares) totaling 1,003,660.

The Bajaj Housing Finance IPO opened for subscription from September 9 to 11, 2024, with a total issue size of ₹6,560 crore. This includes a fresh issue of ₹3,560 crore and an offer for sale (OFS) of ₹3,000 crore. The price band was set between ₹66 and ₹70 per share. Investors could apply for a minimum of 214 shares per lot, requiring an investment of ₹14,980 for one lot​

The company plans to use the proceeds to strengthen its capital base for future lending activities and manage expenses related to the offer. Bajaj Housing Finance is a non-deposit-taking housing finance company and a subsidiary of Bajaj Finance, offering home loans, loans against property, and developer finance

The IPO was heavily subscribed, with significant interest from institutional and retail investors