New Delhi: Bajaj Housing Finance has announced the price band for its IPO. The company has fixed the face value of the share for this IPO at Rs 10, lower price band at Rs 66 and upper price band at Rs 70. Bajaj Housing Finance's IPO will open on September 9 and investors will be able to bid till September 11. However, for big investors, the IPO will open on September 6. Investors will be able to invest for at least 214 equity shares.

Details of Bajaj Housing Finance IPO

• IPO Open Date - September 9
• IPO Close Date - September 11
• Share allotment - September 12
• Refund - September 13
• Shares credit in demat account - September 12
• Share listing - September 16

Bajaj Housing Finance wants to raise Rs 6,560 crore through this IPO. In this, the company will raise Rs 3,560 crore through fresh share sale and Rs 3,000 crore through Offer-for-Sale (OFS).

Bajaj Housing Finance IPO GMP today

Bajaj Housing Finance Company is performing well in the grey market so far. According to reports, the IPO is trading at a premium of Rs 55.50 in GMP on September 3. If the performance remains the same in GMP, then the IPO can be listed at a price of more than Rs 120.

What work the company does

Bajaj Housing Finance was established in 2008. It is a company of Bajaj Group which has been providing loans since the year 2018. Bajaj Housing Finance Company provides customized financial solutions to individuals and corporates in purchasing homes and commercial spaces.

Bajaj Group's company is popular for manufacturing vehicles and electronic goods. Along with this, the company works in different sectors. Bajaj Housing Finance has 308,693 active customers, out of which 81.7 percent have taken home loan from the company. The company has 215 branches across the country.