Bajaj Housing Finance IPO gets record Rs 3.2 lakh cr subscription, here’s how to check allotment status today

The allotment process of Bajaj Housing Finance Ltd shares to successful initial public offering (IPO) bidders is expected to be finalised on Thursday, September 12. The shares will be allotted to investors on a lottery basis and the entire process will be monitored.

The Bajaj Housing Finance IPO generated a demand for about Rs 3.2 lakh crore, an oversubscription figure of over 67 times, a first in India.    

Till now, Coal India Ltd (2008) and Mundra Port (2007) IPOs have topped Rs 2 lakh crore in subscription amounts.

As the Rs 6,560-crore IPO for Bajaj Housing Finance closed on Wednesday (September 11) evening, there were a whopping 89 lakh investors who put their money into purchasing the company’s shares on offer.

Also, the number of applications and the demand book value for Bajaj Housing Finance Ltd IPO were new records for the primary market in India. This came amid strong demand from institutional and non-institutional investors.  

As of 7 pm on Wednesday, September 11, the last day of bidding, the Bajaj Housing Finance public issue got bids for over 4,628 crore shares against 72.75 crore shares on offer, across BSE and NSE.  

Apart from the Rs 1,758 crore worth of shares that were allotted to anchor investors a day before the opening of the IPO on September 9, shares worth Rs 4,802 crore were offered for bidding in the price band of Rs 66 to Rs 70 per share.

On the first day of subscription, Bajaj Housing Finance IPO was subscribed twice over and more than seven times by the end of the second day.  

As per the data from Axis Capital, one of the lead managers to the IPO, the institutional portion of the offer was subscribed 222 times and the part reserved for high net worth investors (HNIs) was subscribed nearly 44 times.  

The portion reserved for Bajaj Finance and Bajaj Finserv shareholders was subscribed 17.4 times. Along with this, the portion reserved for retail investors were subscribed over seven times while the employee portion was subscribed more than twice.

How to check Bajaj Housing Finance IPO allotment status on BSE:

Step 1: Go to the official website of Bombay Stock Exchange (BSE) – https://www.bseindia.com/

Step 2: Click on ‘Investors’ option on the page

Step 3: Go to ‘Investor Services’ dropdown, click on ‘Status of Issue Application’

Step 4: Tap on ‘Application Status Check’

Step 5: Select Equity in the issue type

Step 6: Correctly enter the required details and the ‘Issue Name’

Step 7: Key in PAN details  

Step 8: Click on Search to view the status.

How to check Bajaj Housing Finance IPO allotment status on KFin Technologies

Step 1: Visit the Kfin Technologies official website or click on the link –  https://evault.kfintech.com/ipostatus/  

Step 2: Select Bajaj Housing Finance IPO

Step 3: Enter the PAN details correctly  

Step 4: Click on search to know the status.  

Bajaj Housing Finance shares are expected to get listed on the exchanges on September 16.