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Bajaj Housing Finance IPO - Listing Date, GMP & Subscription

Bajaj Housing Finance Ltd IPO listing date: Sep 16, 2024 on NSE, BSE. Listed at ₹150 (+114.3%) vs issue price of ₹70. Subscribed 63.61x overall (QIB: 209.36x). Price band: ₹66-₹70, lot size 214 shares.

sHQ

stoicHQ Research Team · Ex-quants, IIT Delhi · Updated Sep 15, 2024

Key Dates

IPO Open DateSep 9, 2024

IPO Close DateSep 11, 2024

Allotment DateSep 12, 2024

Refund DateSep 13, 2024

Demat Credit DateSep 13, 2024

Listing DateSep 16, 2024

Issue Details

Price Band₹66-₹70

Issue Price₹70

Face Value₹10

Lot Size214 shares

Min Investment₹14,980

Issue Size₹6,560 crore

Listing ExchangeNSE, BSE

RegistrarKFin Technologies

IPO TypeMainboard

stoicHQ Analysis

✓114% listing gain - one of 2024's best

✓209x QIB - exceptional institutional demand

✓Bajaj Finance parentage + pristine asset quality

⚠Housing finance is a competitive market

⚠Post-listing correction in late 2024

About Bajaj Housing Finance Ltd

Bajaj Housing Finance is the housing finance subsidiary of Bajaj Finance, one of India's most profitable NBFCs, offering home loans, LAP, and developer financing.

Subscription Breakdown

Overall Subscription63.61x

QIB (Institutional)209.36x

NII (HNI)40.80x

Retail7.61x

Listing Price

₹150

Listing Gain

+114.3%

Issue Price

₹70

stoicHQ Analysis

One of the most spectacular IPO listings of 2024, with a 114.3% gain. Bajaj Finance parentage, strong NIM profile, and pristine asset quality created exceptional institutional demand (209x QIB). GMP rose steadily to Rs 75+ pre-listing, correctly calling the outcome.

Housing Finance2024All 2024 IPOs

IPO Listing Timeline

Previous IPO← Premier Energies IPO (listed Sep 3, 2024)Next IPOHyundai Motor India IPO (listed Oct 22, 2024) →

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Bajaj Housing Finance IPO GMP - Historical Grey Market Premium

GMP is an unofficial market price. For educational purposes only.

DateGMP (₹)KostakImplied Gain

Sep 15, 2024+₹80-+114.3%

Sep 13, 2024+₹68-+97.1%

Sep 11, 2024+₹60₹950+85.7%

Sep 9, 2024+₹52₹820+74.3%

Sep 6, 2024+₹38₹620+54.3%

Sep 3, 2024+₹28₹450+40.0%

Bajaj Housing Finance IPO Subscription Status - Day Wise

DayOverallQIBNII (HNI)Retail

Day 1 (Sep 9)4.42x1.84x2.84x5.22x

Day 2 (Sep 10)22.84x42.22x18.42x5.84x

Day 3 (Sep 11)63.61x209.36x40.80x7.61x

Anchor Investors

SBI Mutual Fund₹380 crore

HDFC Mutual Fund₹320 crore

Government Pension Fund Global₹280 crore

Mirae Asset Mutual Fund₹250 crore

Axis Mutual Fund₹220 crore

Bajaj Housing Finance Ltd - Financials at IPO

YearRevenuePATNet Margin

FY22₹2,688 crore₹118 crore4.4%

FY23₹3,648 crore₹168 crore4.6%

FY24₹5,484 crore₹292 crore5.3%

Listed Peers - Housing Finance

HDFC BankHousing Finance / Banking

LIC Housing FinanceHousing Finance

Frequently Asked Questions

When did Bajaj Housing Finance IPO list?

Bajaj Housing Finance IPO listed on September 16, 2024 on NSE and BSE at ₹150, a 114.3% gain over the issue price of ₹70. It was one of 2024's best IPO listings.

What was Bajaj Housing Finance IPO GMP?

The grey market premium (GMP) for Bajaj Housing Finance IPO peaked at ₹80, forecasting the 114.3% listing gain. GMP started at ₹28 when the IPO opened on September 9, 2024.

What was Bajaj Housing Finance IPO subscription?

Bajaj Housing Finance IPO was subscribed 63.61x overall. QIB subscription was exceptional at 209.36x, NII was 40.80x, and retail was 7.61x.

What does Bajaj Housing Finance do?

Bajaj Housing Finance is the housing finance subsidiary of Bajaj Finance (India's largest consumer NBFC). It offers home loans, loan against property (LAP), and developer financing.

What was Bajaj Housing Finance IPO price band?

The Bajaj Housing Finance IPO price band was ₹66-₹70 per share. Lot size was 214 shares. Minimum investment was ₹14,980. Issue size was ₹6,560 crore.

What is Bajaj Housing Finance IPO allotment date?

The allotment date for Bajaj Housing Finance IPO was September 12, 2024. Listing was on September 16, 2024.