Bajaj Housing Finance Limited is launching its Initial Public Offering (IPO) with a price range set between ₹66 and ₹70 per share, each with a face value of ₹10. The IPO will open for subscription on Monday, September 9, and will close on Wednesday, September 11. Before that, anchor investors will get their allocation on Friday, September 6.
The price range means the shares are priced at 6.6 to 7.0 times their face value. The minimum lot size for the IPO is 214 shares, and you can buy more in multiples of 214 shares.
In terms of allocation, 50% of the shares are reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 35% for retail investors.
The allotment of shares will be finalized on Thursday, September 12. Refunds will be processed, and shares will be credited to the demat accounts of successful investors on Friday, September 13. The shares are expected to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday, September 16.
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