Bajaj Housing Finance is scheduled to finalise share allotment basis on Thursday, September 12. Bidders will get the messages, alerts or emails for debit of their funds or revocations of their IPO mandate either on Friday or latest by weekend. The Bajaj Group backed issue had received a historic response from the investors during the three-day bidding.
Bajaj Housing Finance’s Rs 6,560-crore initial public offering, which closed on Wednesday, 11 September, broke the previous record held by Coal India, which got a subscription worth Rs 2.36 lakh crore in 2008. Earlier this year, Premier Energies IPO received bids of over Rs 1.48 lakh crore, while Tata Technologies IPO in November 2023 got bids worth Rs 1.56 lakh crore.
the stock has seen a further rise in the grey market premium. Currently, the stock is being traded at a premium of Rs 78 in the unlisted market, a premium of over 111 percent compared to the issue price.
