Bajaj Housing Finance IPO opens today: Street eyes 70% listing gains; check GMP, details for Rs 6,560-cr IPO
Bajaj Housing Finance IPO opens today
The much-awaited Bajaj Housing Finance IPO opened for subscription today, January 27, 2023. The initial public offering (IPO) of Bajaj Housing Finance (BHFL), a subsidiary of Bajaj Finserv, will close on January 31, 2023.
The company plans to raise Rs 6,560 crore through the IPO, which comprises a fresh issue of shares worth Rs 5,450 crore and an offer for sale (OFS) of shares worth Rs 1,110 crore by Bajaj Finserv.
Street eyes 70% listing gains
The IPO has generated a lot of interest among investors, with analysts expecting a strong listing performance. According to market analysts, the shares of Bajaj Housing Finance are likely to list at a premium of 70% to 80% on the bourses.
The company's strong financial performance, healthy asset quality, and experienced management team are key factors behind the positive outlook for the IPO.
Check GMP, details for Rs 6,560-cr IPO
The grey market premium (GMP) for Bajaj Housing Finance IPO is currently Rs 100, which means that the shares are trading at a premium of Rs 100 per share in the unofficial market. This indicates a strong demand for the IPO among investors.
The price band for the IPO has been set at Rs 3,100 to Rs 3,200 per share. The lot size for the IPO is 45 shares, which means that retail investors can apply for a minimum of 45 shares and in multiples thereof.
Investors can apply for the IPO through their brokerage accounts or through the online platforms of the BSE and NSE.
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