Invested money in Bajaj Housing Finance?
Invested money in Bajaj Housing Finance…?
Bajaj Housing Finance Limited's IPO has received a good response from investors. The data-size of this IPO of Bajaj Group is Rs 6,560 crore. This IPO has been subscribed up to 68 times in three days. In this IPO, which closed on Wednesday, Qualified Institutional Buyers (QIB) had subscribed their reserve portion up to 222.05 times. At the same time, non-institutional investors (NII) had subscribed their portion up to 43.98 times and retail investors had filled their portion up to 7.41 times. At the same time, the employees of the company have subscribed their reserve portion up to 2.13 times and other investors have subscribed their reserve portion up to 18.54 times.
IPO got bids of about four and a half lakh crores
The company has received tremendous response from the investors, this has become a record in itself. The company has issued shares under a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3,000 crore. In this, the company has received bids of Rs 4.42 lakh crore from investors in exchange for an issue of Rs 6,560 crore.
When will the shares be listed-
The reserve bank of india had asked the country's leading non-banking financial companies to get listed on the stock market by september 2025. In such a situation, the company is following this rule. Axis Capital, mahindra BANK' target='_blank' title='kotak mahindra-Latest Updates, Photos, Videos are a click away, CLICK NOW">kotak mahindra Capital Company, Goldman Sachs (India), sbi Capital Markets, JM Financial, BofA Securities india and IIFL Securities are the book running lead managers of this issue. Caffeine Technologies is the registrar of the IPO. The company's shares will be listed on the stock market on Monday, september 16, 2024.