Wed Sep 11 03:00:38 UTC 2024: ## Bajaj Housing Finance IPO Subscribed 8.08 Times on Day 2
**Mumbai, September 10, 2023:** Bajaj Housing Finance’s Initial Public Offering (IPO), which opened on September 9, received strong investor interest on its second day. The IPO, which will remain open till September 11, was subscribed 8.08 times overall, with the retail category witnessing a 4.25 times subscription. On the first day, the IPO was subscribed 2.26 times.
The IPO, priced between ₹66 and ₹70 per share, aims to raise ₹6,560 crore. The issue comprises ₹3,560 crore from fresh issuance of shares and ₹3,000 crore from an offer-for-sale.
Retail investors can participate with a minimum investment of ₹14,980 for a single lot of 214 shares.
The gray market premium for Bajaj Housing Finance shares has reached 91.43%, implying a potential listing price of ₹134 at the upper price band of ₹70. However, it’s important to note that the actual listing price may differ from the gray market estimates.
Bajaj Housing Finance plans to utilize the funds raised from the IPO to strengthen its capital base and enhance its lending capacity, catering to future business needs.
**Background:**
An Initial Public Offering (IPO) marks the first time a company offers its shares to the general public. This allows the company to raise funds from the market for expansion and growth initiatives instead of relying on external borrowings.
First Piper 