Bajaj Housing Finance IPO: Another IPO of Bajaj Group has opened, the long wait of investors is over

Bajaj Housing Finance IPO Day 1: There is good news for those who have been waiting for Bajaj Housing Finance for a long time. Bajaj Housing Finance’s IPO has opened from today and there has been a buzz about it for a long time. Bajaj Housing Finance wants to raise Rs 6560 crore through this IPO. Bajaj Housing Finance Limited IPO will open from today 9 September till 11 September. 50 percent quota for Bajaj Housing Finance’s IPO has been kept for institutional investors, 15 percent for non-institutional investors and 35 percent for retail investors.

Combination of Offer for Sale + Fresh Shares

The IPO will be a combination of fresh shares and offer for sale. In the IPO of Bajaj Housing Finance, fresh shares worth Rs 3560 crore will be issued and there will be an offer for sale of Rs 3000 crore.

Special details of Bajaj Housing Finance Limited IPO

Bajaj Housing Finance’s IPO has opened today on 9 September and its IPO will close on 11 September. The price band of Bajaj Housing Finance shares has been kept between Rs 66-70 which was fixed on Tuesday, 3 September 2024. Allotment of IPO shares will be done on 12 September and investors who are not able to get shares in the IPO will be refunded by 13 September.

Shares will be credited to investors’ Dmat accounts on September 13. The listing of Bajaj Housing Finance’s IPO has been fixed for September 16 (tentative date). Bajaj Housing Finance will raise Rs 6560 crore from this public issue.

What does Bajaj Housing Finance do?

Bajaj Housing Finance provides retail home loans and the company’s net profit in the financial year 2023-24 was Rs 1731 crore. The listing of Bajaj Housing Finance’s IPO has been fixed for September 16 (tentative date) in which changes can be seen.

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