Wed Sep 11 06:00:43 UTC 2024: ## Bajaj Housing Finance IPO Over-Subscribed by 8 Times, Shares Trade at 100% Premium in Grey Market

**Mumbai, September 11, 2024:** The Initial Public Offering (IPO) of Bajaj Housing Finance has been met with tremendous enthusiasm, exceeding subscription expectations by a whopping 8 times. As of Wednesday morning, the IPO had garnered a total subscription of 8.08 times.

The IPO opened for subscription on September 9, 2024, and the last day to participate is Wednesday. The company’s shares are trading at a premium of 100% in the grey market, indicating strong investor confidence.

Bajaj Housing Finance’s IPO is valued at a total of ₹6,560 crore. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Retail investors can bid for a minimum of 1 lot and a maximum of 13 lots. The price per share is ₹70, and a retail investor needs to invest ₹14,980 for one lot.

The IPO has seen strong interest from all categories of investors. Retail investors have subscribed to 4.25 times the quota, while non-institutional investors (NII) have subscribed to a whopping 17.57 times. Qualified Institutional Buyers (QIB) have also subscribed to 7.91 times the quota. The employees’ quota has been subscribed to 1.14 times, and the ‘others’ category has seen a 10.31 times subscription.

This strong response to the IPO signals a positive outlook for Bajaj Housing Finance, highlighting investors’ belief in the company’s growth prospects in the housing finance sector.

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