Bajaj Housing Finance’s IPO can do this wonder with its listing. The listing of the shares is going to happen on Monday i.e. 16th September. The investors who will be allotted shares in this IPO, the shares will be credited to their demat account on Friday.
According to experts, the post-issue market cap of Bajaj Housing Finance is Rs 58,297 crore. The grey market premium (GMP) is indicating that the listing of this IPO can happen with a 100 percent premium, if this happens then the market cap of the company will increase to more than Rs 1 lakh crore on the day of listing itself.
Signs of strong earnings
The gray market premium (GMP) of Bajaj Housing Finance IPO is also witnessing a strong jump. Its GMP has increased to Rs 78, which is much higher than the upper price band. The upper price band of the IPO is Rs 70. Earlier on Wednesday, the GMP was Rs 74. If Bajaj’s IPO is listed on this GMP, then its share price can be ₹ 148 per share, that is, this IPO can give a profit of about 111% as soon as it is listed.
Let us tell you, Bajaj Housing Finance’s IPO has received a tremendous response. On the last day of subscription, investors flocked to invest in this IPO. The QIB category was filled the most, 222 times. While the NII category was filled 43.92 times, the retail portion was filled about 7.32 times. Overall, this IPO was filled 67.37 times. With the retail portion being filled about 7 times, the chances of shares being allotted to common investors have increased.
The IPO got a tremendous response
In fact, Bajaj Housing Finance’s IPO has received the best response this year in the Qualified Institutional Buyer (QIB) category. Earlier, Tata Technologies’ IPO got 203 times subscription and Premier Energies’ IPO got 212 times subscription.
Let us tell you, this IPO was open for retail investors from 9 to 11 September 2024. The total size of Bajaj Housing Finance IPO is Rs 6,560 crore. At the same time, if we talk about its price band, it is Rs 66 to Rs 70. Bajaj Housing Finance’s IPO has a lot of 214 shares for retail investors.
The company is issuing 50.86 crore shares through fresh issue, worth Rs 3,560 crore and 42.86 shares will be issued under Offer for Sale, worth Rs 3,000 crore.
(Note- Before investing in any IPO, please consult your market expert.)
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