Bajaj Housing Finance IPO: A Historic Debut
The much-anticipated IPO of Bajaj Housing Finance, a subsidiary of the renowned Bajaj Finance and a diversified non-banking financial company (NBFC), has officially concluded. Investors are now eagerly waiting for the shares to be listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), scheduled for September 16. This IPO has made headlines by being oversubscribed a staggering 67.43 times overall, marking it as one of the most successful IPOs in recent history.
Subscription Breakdown
The phenomenal response to the Bajaj Housing Finance IPO is highlighted by the subscription figures in various categories:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers (QIBs) | 222 times |
| Non-Institutional Investors | 43.98 times |
| Retail Investors | 7.41 times |
| Employees | 2.13 times |
Excitement in the Grey Market
As the listing date approaches, excitement is building in the grey market, where shares are reportedly trading at a premium of Rs 78, translating to a staggering 111.43% over the upper price band of Rs 70 set during the IPO. This suggests that the shares could debut at an impressive Rs 148, potentially doubling investors’ initial investments right on the first day of trading.
Record-Breaking Subscription Figures
In an era marked by impressive IPOs, the Bajaj Housing Finance IPO stands out, drawing an unprecedented subscription of over Rs 3 lakh crore. This remarkable figure surpasses previous records held by companies such as Nykaa and Coal India. For context:
- Nykaa’s IPO in November 2021 received over Rs 2.43 lakh crore.
- Coal India’s IPO in 2008 garnered approximately Rs 2.36 lakh crore.
- Zomato’s IPO in July 2021 received bids exceeding Rs 2 lakh crore.
- Premier Energies’ IPO in early August attracted bids of Rs 1.48 lakh crore.
- Tata Technologies’ IPO in November 2023 saw subscription bids of Rs 1.56 lakh crore.
Investor Sentiment and Future Prospects
The enthusiasm surrounding Bajaj Housing Finance’s IPO reflects strong investor confidence in the Bajaj brand, coupled with the companyโs growth prospects in the housing finance sector. As it prepares for its market debut, both retail and institutional investors are optimistic about potential stock performance, forecasting that the strong start could lead to substantial returns.
