Bajaj Housing Finance IPO: Allotment Status Revealed, GMP Soars, and Listing Date Set for September 16 – What You Need to Know!

Bajaj Housing Finance Limited’s IPO allotment status has been announced, and investors can check their status online via the BSE website or the registrar’s official site, KFin Technologies Limited.

With the allotment status now available, attention is turning to the expected listing date, which is likely to be Monday, September 16, 2024.

Grey Market Premium (GMP) Update

The grey market has reacted positively to the allotment announcement. Shares of Bajaj Housing Finance are currently trading at a premium of ₹77 in the grey market, which is about 110% higher than the IPO’s upper price band. This suggests that those who receive shares might see significant gains when the stock lists.

Listing Price Prediction

Given the current GMP, experts suggest that the listing price could be around ₹147 (₹70 + ₹77). This implies potential listing gains of around 110% for those who are allotted shares.

However, experts caution that GMP is not always a reliable indicator of listing gains. They recommend investors focus on the company’s financial health and fundamentals rather than solely on grey market trends.