Bajaj Housing Finance IPO shook all the investors from its incredible listing. Watching the amazing response to this IPO (Initial Public Offering) are in grief, who couldn’t get the share in this allotment. Because all the experts are predicting that this particular IPO will prove the goldmine for the investors in the long run.
All the investors are hungry to take the Bajaj Housing Finance IPO anyhow. So, let’s understand are there still chances to get the lot? Should you invest in this IOP after a 135% listing day gain?
Let’s find out all these answers in this article.
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Allotment Status:
Good news: The basis allotment of Bajaj Housing Finance IPO is still available.
To check the Bajaj Housing Finance IPO allotment status, Follow the below steps carefully:
- Click Here.
- Select Company Name.
- Enter your PAN Number, Application Number, or DP Client ID (Anyone).
- Click on Search.
If you secure the allotment, then your equivalent share will be updated in your Demet account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000, or send an email with all relevant details to bhfl.ipo@kfintech.com.
About Bajaj Housing Finance IPO.
Listing date: Bajaj Housing Finance IPO opened on September 9, 2024, and closed on September 11, 2024 with 67.43 times oversubscribed. The total share offered is 686,000,009 but the total bid for this IPO subscription was 46,25,57,71,082 on 11 September which is 67.43 times oversubscribed. And when the Bajaj Housing Finance IPO Got listed on BSE and NSE on 16 September on Monday it doubled the issue price and the issue price was Rs 70 and the listing price was Rs 150.
GMP: Listed on the stock exchange on 16 September 2024 with a 67.43 times subscription rate. The last GMP for Bajaj Housing Finance IPO was ₹72, updated on Sep 16th, 2024 10:28 AM. The issue price of Bajaj Housing Finance IPO was Rs 70, listed at a price of Rs 150, which is 114.29% higher than the allotment price.
And as per the last GMP, the expected profit/loss for this IPO was 102.86%.
Should You Invest In Bajaj Housing Finance IPO?
We can’t recommend anything from our side but we can refer the experts opinions on this IPO.
As per experts Narendra Solanki – Head – of Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers, said that the overall fundamentals of Bajaj Housing Finance are looking strong, and because of this there are high chances that the company will grow at a good pace and will bring returns for its investors.
He added, that investors choosing to add the stock to the listing date should have a long-term perspective on Bajaj Housing Finance Stock, and should not look the short-term opportunities.
However, Rajesh Agarwal – Head of Research – AUM Capital, recommended to investors that LIC Housing is considered a better investment based strictly on valuation.
Conclusion:
As the issue price of Rs 70 was decided and with Rs 72 of GMP the IPO listed at Rs 150 on 16 September and within some time the stock price increase to hit the upper circuit of Rs164.99 And now Bajaj Housing Finance market cap stands above Rs1.36 Lakh Crore, as per NSE.
Watching all these Experts giving a positive signal to investors and recommending to have patience for long-term and for short-term opportunities because they are getting some signals.
Disclaimer: I want to inform you that don’t make your decision just because of this data. Conduct your own research or take advice from your financial advisor Because we don’t take guarantee on our data provided because data change in a while.
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Muhammad Shahbaz wrote this article.