New Delhi:  After a long wait, Bajaj Housing Finance has announced the date of its IPO of more than Rs 6500 crore. According to the latest update, subscription of Bajaj Housing Finance's IPO can be taken from 9-11 September. The company will issue an offer for sale along with a fresh issue. Talking about the gray market, there is a craze about this IPO. It has reached Rs 65 even before the price band came out.

Fresh Issue and Offer for Sale Issue

Bajaj Housing Finance's IPO of more than Rs 6560 crore includes a fresh issue of Rs 3,560 crore and an offer for sale of Rs 3000 crore. Talking about the price band, the price band of the IPO is going to be announced tomorrow i.e. on Tuesday. Through this IPO, the promoters and shareholders of the company are going to reduce their stake. Talking about its anchor book, it will be opened on September 6.

The company has informed that the shareholders of Bajaj Finance and Bajaj Finserv will be given quota. BofA Securities India, Axis Capital, Goldman Sachs India, Kotak Mahindra Capital Company, SBI Capital Markets, JM Financial and IIFL Securities have been appointed as the book running lead managers. At the same time, KFin Technologies has been appointed as the registrar of this issue.

Shares of Bajaj Finance and Finserv

Talking about Bajaj Finance shares, the company's shares rose 3.00% to Rs 7,415.90 after a jump of Rs 215.75 on Monday's trading day at 2 pm. At the same time, Bajaj Finserv Ltd shares rose 3.41% to Rs 1,843.85 after a jump of Rs 60.80.