The Bajaj Housing Finance IPO is one of the most anticipated IPOs in 2024, set to open on September 9, 2024. With an aim to raise ₹7,000 crores, this Mainline IPO has drawn significant attention in the market. The IPO price band is set between ₹65 to ₹70 per share, and the market lot size is yet to be announced. As investors gear up for this opportunity, understanding the Bajaj Housing Finance IPO Grey Market Premium (GMP), Kostak rates, and other key details is crucial for making informed investment decisions.
What is Bajaj Housing Finance IPO?
Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since September 2015. The company has been engaged in mortgage lending since fiscal 2018 and is categorized as an Upper Layer Non-Banking Financial Company (NBFC-UL) by the Reserve Bank of India (RBI) since September 2022. This IPO marks an important milestone for Bajaj Housing Finance as it seeks to expand its capital base and strengthen its market position.
For more details on other upcoming IPOs, check our comprehensive list of upcoming IPOs.
Bajaj Housing Finance IPO Details
Below are the key details of the Bajaj Housing Finance IPO:
| Details | Information |
|---|---|
| IPO Opening Date | September 9, 2024 |
| IPO Closing Date | To be announced |
| IPO Price Band | ₹65 to ₹70 per share |
| IPO Size | ₹7,000 crores |
| Market Lot | To be announced |
| Listing Exchange | NSE, BSE |
| Issue Type | Book Built Issue IPO |
| Minimum Order Quantity | To be announced |
| Investor Categories | Retail, QIB, NII |
For more information on IPO listings, visit our IPO listing page.
Grey Market Premium (GMP) Explained
Grey Market Premium (GMP) refers to the price at which IPO shares are traded in an unofficial market before they are listed on the stock exchange. It is an indicator of investor demand for the shares and can provide insights into the potential listing gains.
Bajaj Housing Finance IPO GMP has been fluctuating in the lead-up to its launch. As of today, the GMP is ₹55, showing a positive trend compared to earlier dates.
Bajaj Housing Finance IPO GMP Live Rates
Here’s a day-by-day breakdown of the Bajaj Housing Finance IPO GMP, along with Kostak and Subject to Sauda rates:
| Date | IPO GMP (₹) | Kostak (₹) | Subject to Sauda (₹) |
|---|---|---|---|
| Today | 55 | 1500 | 5000 |
| 30 Aug | 40 | – | – |
| 29 Aug | 40 | – | – |
| 28 Aug | 40 | – | – |
| 27 Aug | 40 | – | – |
| 26 Aug | 36 | – | 1500 |
| 24 Aug | 36 | – | 1500 |
| 23 Aug | 36 | – | 1500 |
| 22 Aug | 20 | – | 1250 |
| 21 Aug | 20 | – | 1250 |
Note: The Bajaj Housing Finance IPO Grey Market Premium data is indicative and subject to change. For the latest updates on GMP, visit our IPO GMP page.
Kostak Rates and Subject to Sauda Explained
Kostak rate is the premium one receives by selling their IPO application to someone else before the allotment or listing of the issue. This is a common practice in the grey market, where sellers can earn a fixed amount regardless of the IPO’s listing price.
Subject to Sauda is the rate at which one sells their IPO application to another party, but this sale is contingent on them receiving the allotment. If the seller does not receive the allotment, the sale is void.
For tips on IPO allotments, check out our IPO Allotment Tips page.
FAQs
1. What is the Bajaj Housing Finance IPO GMP Today?
The Bajaj Housing Finance IPO GMP is ₹55 as of today. For the latest updates, please visit our IPO GMP page.
2. What is the Kostak Rate for Bajaj Housing Finance IPO Today?
The Kostak Rate for Bajaj Housing Finance IPO is ₹1500 today.
3. What is the Subject to Sauda for Bajaj Housing Finance IPO Today?
The Subject to Sauda rate for Bajaj Housing Finance IPO is ₹5000 as of today.
4. When is the Bajaj Housing Finance IPO Allotment Date?
The allotment date for Bajaj Housing Finance IPO will be announced after the IPO closing date. You can check the allotment status on our IPO Allotment Status page.
5. What are the Expected Returns for Bajaj Housing Finance IPO?
Currently, the expected returns are not available. It is advisable to keep an eye on the GMP trends and company fundamentals before making a decision.
6. How to Apply for Bajaj Housing Finance IPO?
You can apply for Bajaj Housing Finance IPO through online banking applications or via ASBA (Application Supported by Blocked Amount). For more guidance on IPO applications, visit our IPO Forms page.
7. What Does the Increase or Decrease in GMP Indicate?
An increase in GMP often indicates strong demand and positive sentiment towards the IPO, potentially leading to higher listing gains. Conversely, a decrease might suggest lower demand or negative market sentiment. It is important to consider these trends along with company fundamentals.
8. Is Investing in Grey Market Premium Safe?
Investing based on Grey Market Premium involves significant risks, as the prices in the grey market are not regulated. It’s crucial to rely on fundamental analysis and official disclosures from the company.
Conclusion
The Bajaj Housing Finance IPO is generating considerable buzz in the market due to its strong positioning in the housing finance sector and its anticipated Grey Market Premium (GMP). However, potential investors should exercise caution, considering both the grey market indicators and the company’s financial health.
For more insights and updates on this IPO and others, be sure to visit our IPO Review page and stay tuned for further updates on upcoming IPOs.
