Bajaj Housing Finance IPO Subscription Status

Bajaj Housing Finance's initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 11.20 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Bajaj Housing Finance's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 9th September 2024, has seen increasing investor participation across all categories. The Non-Institutional Investors (NII) segment, in particular, has shown exceptional demand, while the Qualified Institutional Buyers (QIB) and Retail categories have also demonstrated strong interest.

This enthusiastic response to Bajaj Housing Finance's IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the housing finance sector. The company's comprehensive mortgage product range and strong brand recognition as part of the Bajaj Group appear to have resonated well with investors looking for exposure to India's growing housing finance industry.

Subscription Status of Bajaj Housing Finance IPO for Days 1, 2, and 3:

On day 1, Bajaj Housing Finance IPO was subscribed 2.26 times. By the end of day 2, the subscription status had risen to 8.08 times; on day 3, it reached 11.20 times.

Here are the subscription details for Bajaj Housing Finance IPO as of Day 3 (11th September 2024 at 11:11:08 AM):

Total Applications: 6,422,670

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors is not included in the total number of shares offered.

Key Highlights:

• The IPO of Bajaj Housing Finance is currently subscribed 11.20 times, with strong demand across investor categories.
• Non-Institutional Investors (NII) have shown exceptional interest, with a subscription ratio of 25.42 times.
• Qualified Institutional Buyers (QIB) have demonstrated strong enthusiasm, with a subscription ratio of 11.25 times.
• Retail investors have shown solid interest, with a subscription ratio of 5.54 times.
• The 'Others' category has shown significant interest, with a subscription ratio of 13.15 times.
• The overall subscription trend shows a significant increase day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Bajaj Housing Finance IPO - Day 2 Subscription at 8.08 Times

Key Highlights:

• On Day 2, Bajaj Housing Finance's IPO was subscribed 8.08 times, with strong demand from Non-Institutional Investors (NII).
• NII showed significantly increased interest with a subscription ratio of 17.57 times, more than tripling their subscription from the previous day.
• Qualified Institutional Buyers (QIB) showed substantially increased interest with a subscription ratio of 7.91 times.
• Retail investors showed increased interest with a subscription ratio of 4.25 times, more than doubling their subscription from the previous day.
• The 'Others' category demonstrated strong interest with a subscription ratio of 10.31 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.

Bajaj Housing Finance IPO - Day 1 Subscription at 2.26 Times

Key Highlights:

• The IPO of Bajaj Housing Finance was subscribed 2.26 times on Day 1, with strong initial demand from Non-Institutional Investors (NII).
• NII investors showed early interest with a subscription ratio of 4.71 times, indicating positive sentiment among this category of investors.
• The 'Others' category showed solid initial interest with a subscription ratio of 3.29 times.
• Retail investors showed moderate initial interest with a subscription ratio of 1.79 times.
• Qualified Institutional Buyers (QIB) showed initial interest with a subscription ratio of 1.14 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Bajaj Housing Finance IPO:

Bajaj Housing Finance Limited, founded in 2008, is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. The company has been offering mortgage loans since the financial year 2018 and is part of the Bajaj Group, a diversified conglomerate with interests in various sectors.

Key features of Bajaj Housing Finance:

• Provides customised financial solutions for purchasing and renovating homes and commercial spaces.
• Comprehensive mortgage product range including home loans, loan against property (LAP), rent concessions, and developer finance.
• 308,693 active customers as of 31st March 2024, with 81.7% being home loan customers.
• Network of 215 branches across 174 locations in 20 states and three union territories.
• Six centralised retail loan review centres and seven centralised loan processing centres.

About Bajaj Housing Finance IPO

Highlights of the Bajaj Housing Finance IPO:

• IPO Date: 9th September 2024 to 11th September 2024
• Listing Date: 16th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹66 to ₹70 per share
• Lot Size: 214 Shares
• Total Issue Size: 937,142,858 shares (aggregating up to ₹6,560.00 Cr)
• Fresh Issue: 508,571,429 shares (aggregating up to ₹3,560.00 Cr)
• Offer for Sale: 428,571,429 shares (aggregating up to ₹3,000.00 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Ltd
• Registrar: Kfin Technologies Limited