Bajaj Housing Finance IPO Allotment Status and GMP Update: Strong Investor Demand and Listing Date

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 The Bajaj Housing Finance IPO saw strong demand, closing its subscription period on September 11, 2024, with overwhelming investor interest. It was oversubscribed by a significant margin, with non-institutional investors (NII) subscribing 41.51 times and retail investors 7.04 times. The IPO offered shares at a price band of ₹66-70 with a lot size of 214 shares. The allotment status has been finalized, and investors can check their allocation via the KFin Technologies portal, NSE, or BSE websites.

The IPO's grey market premium (GMP) is currently trading at ₹77 above the issue price, indicating a potential listing price of around ₹147 per share. This represents a substantial 110% increase over the IPO price, which suggests strong listing gains for investors. The listing date for Bajaj Housing Finance shares is scheduled for September 16, 2024.

For those who did not receive allotment, refunds will begin on September 13, 2024, and for those allocated shares, they will be credited to their demat accounts on the same date

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