The Bajaj Housing Finance IPO has generated significant buzz among investors. If you’ve applied for shares in this initial public offering, checking the Bajaj Housing Finance IPO allotment status is crucial. In this blog, we’ll cover everything you need to know about how to check the allotment status, key dates, and other essential details.
What is an IPO Allotment?
When a company like Bajaj Housing Finance issues an IPO (Initial Public Offering), investors apply for shares. The allotment process determines how many shares each investor receives based on their application and the demand for shares. Due to oversubscription, not all investors may receive the number of shares they applied for, and some may not get any shares at all.
How to Check Bajaj Housing Finance IPO Allotment Status?
If you have invested in the Bajaj Housing Finance IPO, knowing how to check your allotment status is essential. Here are the different ways to do so:
1. Checking Allotment Status on the Registrar’s Website
To check the allotment on KFin Technologies’ platform, follow these steps:
- Step 1: Go to the KFin Technologies Limited IPO status page at KFintech.
- Step 2: From the dropdown menu, select "Bajaj Housing Finance IPO."
- Step 3: Choose your preferred identification mode—PAN number, Demat account number, or application number.
- Step 4: Select the "Application Type" (ASBA or Non-ASBA).
- Step 5: Input the relevant details based on your selected mode.
- Step 6: Enter the captcha code for security.
- Step 7: Click on "Submit" to view your allotment status.
2. Checking Allotment Status on BSE
Investors can also check the status via the Bombay Stock Exchange (BSE) website:
- Step 1: Visit the BSE IPO Allotment page.
- Step 2: Under "Issue Type," choose "Equity."
- Step 3: From the "Issue Name" dropdown, select "Bajaj Housing Finance Limited."
- Step 4: Input your application number.
- Step 5: Enter your PAN number.
- Step 6: Complete the CAPTCHA and click the "Search" button to view the allotment results.
3. Checking Allotment Status via Your Bank Account
You can also verify your allotment status through internet banking:
- Step 1: Log into your bank’s online banking platform.
- Step 2: Navigate to the "IPO Services" or "Application Status" section under the Investments tab.
- Step 3: Provide details like your PAN number or application number.
- Step 4: After submitting the required information, your IPO allotment status will be displayed.
4. Checking IPO Allotment in Your Demat Account
Here’s how you can check the status directly through your Demat account:
- Step 1: Log into your Demat account via your depository participant’s (DP) mobile app or website.
- Step 2: Look for the "IPO" or "Portfolio" section.
- Step 3: Check whether the allocated shares are visible in your account.
- Step 4: If no shares appear, visit the registrar’s website and enter your application details for verification.
- Step 5: For any discrepancies, you can contact your DP’s customer service for assistance.
Important Bajaj Housing Finance IPO Dates
- IPO Opening Date: 9th September 2024
- IPO Closing Date: 11th September 2024
- Allotment Date: 12th September 2024
- Refund Initiation: 13th September 2024
- Credit of Shares to Demat Account: 13th September 2024
- Listing Date: 16th September 2024
Bajaj Housing Finance IPO Subscription Status
As of the close of the subscription on 11th September 2024, the Bajaj Housing Finance IPO was subscribed 67.37 times overall. Below is a breakdown of the category-wise subscription data:
- Qualified Institutional Buyers (QIBs): 222.05 times
- Non-Institutional Investors (NIIs): 43.92 times
- Retail Investors: 7.32 times
- Employees: 2.09 times
- Others: 18.45 times
The IPO saw substantial demand, particularly in the QIB and NII categories, reflecting strong interest from institutional investors.
Bajaj Housing Finance IPO Details
The Bajaj Housing Finance IPO is a book-built issue, with a total offering of ₹6,560 crores. This includes a fresh issue worth ₹3,560 crores and an offer-for-sale component of ₹3,000 crores. The price band for the IPO is set between ₹66 and ₹70 per share.
Lot Size and Minimum Investment:
- Retail Investors: Minimum of 214 shares (₹14,980)
- Small Non-Institutional Investors (sNII): 2,996 shares (₹209,720)
- Large Non-Institutional Investors (bNII): 14,338 shares (₹1,003,660)
Bajaj Housing Finance IPO Listing and Other Key Details
The shares are expected to list on both the BSE and NSE on 16th September 2024. Leading financial institutions, including Kotak Mahindra Capital Company, Axis Capital, and Goldman Sachs, are managing the issue, with KFin Technologies Limited serving as the registrar.
By keeping these steps and details handy, investors can easily track the allotment status and prepare for the listing of Bajaj Housing Finance on the stock exchanges.
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