Last Updated on September 18, 2024 by Wenivesh Team
The Bajaj Housing Finance Limited IPO is generating significant interest among investors, and the Grey Market Premium (GMP) is a key indicator of market sentiment. This news blog provides an easy-to-read overview of the IPO, with a focus on the keyword “Bajaj Housing Finance Limited IPO GMP today.”
Bajaj Housing Finance Limited IPO GMP Today
The Bajaj Housing Finance Limited IPO GMP today stands at ₹50, indicating strong interest in the IPO. The Grey Market Premium (GMP) reflects the difference between the expected listing price and the issue price. Based on the upper price band of ₹70 and the GMP of ₹50, the estimated listing price is ₹120, representing an approximate 71.43% gain for investors.
| Key Details | Value |
|---|---|
| Current GMP | ₹50 |
| Estimated Listing Price | ₹120 |
| Expected Gain | 71.43% |
| Price Band | ₹66 – ₹70 |
| IPO Size | ₹6,560 crore |
IPO Overview: Price, Listing, and Subscription Details
The Bajaj Housing Finance Limited IPO is set to raise ₹6,560 crore. The issue includes a fresh issue of ₹3,560 crore and an offer for sale (OFS) of ₹3,000 crore from Bajaj Finance Ltd. The price band for the IPO is set between ₹66 to ₹70 per share, with a minimum lot size of 214 shares, translating to an investment of approximately ₹14,980 at the upper price band.
| IPO Overview | Details |
|---|---|
| IPO Size | ₹6,560 crore |
| Fresh Issue | ₹3,560 crore |
| OFS | ₹3,000 crore |
| Price Band | ₹66 – ₹70 per share |
| Lot Size | 214 shares |
| Investment | ₹14,980 (at upper band) |
Subscription Details
The IPO opens for subscription on September 9, 2024, and closes on September 11, 2024. The shares are allocated as follows:
- Qualified Institutional Buyers (QIBs): 50%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors: 35%
- Reserved for Employees: ₹200 crore worth of shares
- Reserved for Shareholders: ₹500 crore worth of shares
The subscription details are vital for investors considering the Bajaj Housing Finance Limited IPO GMP today.
| Category | Allocation |
|---|---|
| QIBs | 50% |
| NIIs | 15% |
| Retail Investors | 35% |
| Employees | ₹200 crore worth |
| Shareholders | ₹500 crore worth |
Company Information: Bajaj Housing Finance Limited
Bajaj Housing Finance Limited is a leading player in the housing finance sector in India. Established in 2008, the company is part of the Bajaj Group and specializes in various mortgage products, including home loans and loans against property. The company’s focus on low-risk salaried borrowers, strong credit ratings, and low delinquency rate make it a solid investment choice.
| Company Name | Bajaj Housing Finance Limited |
|---|---|
| Established | 2008 |
| Specialization | Home Loans, Loans Against Property |
| Target Audience | Low-Risk Salaried Borrowers |
| Credit Rating | AAA/stable |
| Delinquency Rate | Low |
Financial Highlights and Recent Developments
Bajaj Housing Finance Limited has shown significant growth and financial stability, with total assets of ₹15,000 crore and a net profit of ₹110 crore for FY 2022-23. The company’s net worth stands at ₹1,500 crore, and it has strong credit ratings, making it a reliable player in the housing finance sector. The funds raised from the IPO will be used to augment the capital base and support future lending and growth initiatives.
| Financial Metric | FY 2022-23 |
|---|---|
| Total Assets | ₹15,000 crore |
| Net Profit | ₹110 crore |
| Net Worth | ₹1,500 crore |
| Credit Rating | AAA/stable |
Conclusion: Bajaj Housing Finance Limited IPO GMP Today
In conclusion, the Bajaj Housing Finance Limited IPO GMP today reflects strong market sentiment, with a current GMP of ₹50 and an estimated listing price of ₹120. The IPO presents a significant opportunity for investors looking to engage with a leading housing finance entity in India. With strong financials, a solid business model, and favorable market conditions, the Bajaj Housing Finance Limited IPO is worth considering.
Investors should keep an eye on the Bajaj Housing Finance Limited IPO GMP today to make informed decisions regarding their investment.
Hope this blog On Bajaj Housing Finance Limited IPO GMP today has been informative and insightful.
Please feel free to leave a comment below if you have any questions or thoughts.