The Bajaj Housing Finance IPO is set to take place from September 9 to September 11, 2024. This IPO aims to strengthen the company’s financial position and expand its presence in the stock market. Bajaj Housing Finance, a notable player in the mortgage sector, is recognized by both the National Housing Bank and RBI.
IPO Details
| Detail | Information |
| IPO Date | September 9, 2024 – September 11, 2024 |
| Tentative Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 shares |
| Total Issue Size | 937,142,858 shares, aggregating to ₹6,560.00 crore |
| Fresh Issue | 508,571,429 shares, aggregating to ₹3,560.00 crore |
| Offer for Sale | 428,571,429 shares, aggregating to ₹3,000.00 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 7,819,575,273 shares |
| Post-Issue Shareholding | 8,328,146,702 shares |
The IPO’s dual structure will aid in raising ₹3,560.00 crore through a fresh issue and ₹3,000.00 crore via an offer for sale. This will support the company’s future stock trading and investment endeavors.
IPO Reservation
| Investor Category | Shares Offered |
| Qualified Institutional Buyer (QIB) | Up to 50% of the net offer |
| Retail Investors | At least 35% of the offer |
| Non-Institutional Investors (NII) | At least 15% of the offer |
HDFC Sky Investment Process
Investing in the Bajaj Housing Finance IPO with HDFC Sky is efficient:
- Create an HDFC Sky Account: Register online and complete KYC with PAN and DOB.
- View IPOs: Navigate to Profile > Indian Stocks > IPO in the app.
- One-Click Investment: Choose the IPO and invest via UPI.
- Confirm Your Order: Approve the payment through UPI or banking app.
HDFC Sky offers a robust platform for stock market investments, including IPOs, trading, and stock portfolio management.
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