New Delhi: Bajaj Housing Finance IPO of Bajaj Group opened for subscription today (September 9). It can be subscribed till September 11. Bajaj is going to raise Rs 6,560 crore from this IPO. It has already raised Rs 1,758 crore from 104 anchor investors. These include big names like Morgan Stanley, Nomura and JP Morgan. They have been issued 25.11 crore shares at a price of Rs 70.

Account of Bajaj Housing Finance IPO

Bajaj Housing Finance's IPO can be subscribed from 9 to 11 September. Its price band is 66 to 70 rupees. At the same time, the lot size is 214 shares. This means that you will have to invest at least Rs 14,980 for one lot according to the upper price band. Allotment of shares will be done on 12 September and its entry in the stock market will be on 16 September.

Under this IPO, new shares worth Rs 3,560.00 crore will be issued. At the same time, 42,85,71,429 shares will be sold under the offer for sale window. In this, its parent company Bajaj Finance will sell the shares. The money from the offer for sale will be given to the shareholders selling the stock. At the same time, the money from the new shares will be used to increase the capital base of Bajaj Housing Finance.

Bajaj Housing Finance IPO GMP today

Bajaj Housing Finance's IPO is getting a very good response in the gray market. Its GMP (gray market premium) is Rs 56.70, which means IPO investors can get a listing gain of 81 percent. Its listing can happen at more than Rs 120. The gray market is an unofficial market, where one gets an idea of ​​the demand of the IPO before its listing. However, experts believe that investors should take investment decisions based on the fundamentals and financial health of the company rather than the gray market.

What is the expert's opinion on Bajaj IPO?

Most brokerages have a positive attitude towards Bajaj Housing Finance. They say that the company's growth is very good. Its sales and profits are increasing continuously. Its financial health is also very strong. It has the support of a huge group like Bajaj. Experts are a bit divided on the valuation front. Its valuation is higher than some competing companies. But, most consider its valuation to be absolutely correct. They say that this IPO can be subscribed not only for listing gains but also for long investment.

What does Bajaj Housing Finance do?

Bajaj Housing Finance was founded in 2008. This company of Bajaj Group has been providing loans for building houses since 2018. The company provides customized financial solutions to individuals and corporates in buying homes and commercial spaces. Bajaj Group manufactures everything from vehicles to electronic goods. Bajaj Housing Finance has 308,693 active customers. Of these, 81.7 percent have taken home loans from the company. The company has 215 branches across the country.