Unlocking Opportunities in the Stock Market: Bajaj Housing Finance IPO and Investing with HDFC Sky
Bajaj Housing Finance, a leading non-deposit-taking housing finance firm, is set to make a notable debut in the stock market with its Initial Public Offering (IPO) from September 9 to September 11, 2024. This IPO offers investors a unique chance to participate in the company’s growth trajectory. By raising funds through this IPO, Bajaj Housing Finance aims to bolster its capital base, enhance stock trading capabilities, and support its future expansion plans. The company is well-regulated by the National Housing Bank and the Reserve Bank of India (RBI), cementing its position in the mortgage sector.
IPO Details
Here’s a comprehensive overview of the Bajaj Housing Finance IPO:
| Detail | Information |
| IPO Date | September 9, 2024 - September 11, 2024 |
| Tentative Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 shares |
| Total Issue Size | 937,142,858 shares, totaling ₹6,560.00 crore |
| Fresh Issue | 508,571,429 shares, totaling ₹3,560.00 crore |
| Offer for Sale | 428,571,429 shares, totaling ₹3,000.00 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 7,819,575,273 shares |
| Post-Issue Shareholding | 8,328,146,702 shares |
The IPO will comprise a fresh issue aimed at raising ₹3,560.00 crore to strengthen Bajaj Housing Finance’s capital base, supporting its stock trading and investment activities. Additionally, the offer for sale of ₹3,000.00 crore allows existing shareholders to sell their shares.
IPO Reservation
The IPO allocation is designed to cater to different investor segments:
| Investor Category | Shares Offered |
| Qualified Institutional Buyers (QIB) | Up to 50% of the net offer |
| Retail Investors | At least 35% of the offer |
| Non-Institutional Investors (NII) | At least 15% of the offer |
Qualified Institutional Buyers (QIBs) will be allocated up to 50% of the net offer, indicating strong institutional interest. Retail investors are assured a minimum of 35%, while Non-Institutional Investors (NII) will receive at least 15% of the shares.
How to Invest with HDFC Sky
Investing in the Bajaj Housing Finance IPO is straightforward with the HDFC Sky investment app. Here’s how you can use it:
- Open an HDFC Sky Account: Create your account online by providing PAN details and date of birth, followed by KYC verification.
- Explore IPO Listings: Navigate to Profile > Indian Stocks > IPO on the HDFC Sky app to find the Bajaj Housing Finance IPO.
- Invest with Ease: Select the IPO and complete your investment using UPI. The app simplifies stock market investments, making the process hassle-free.
- Confirm Your Order: Approve the investment mandate through your UPI or banking app to finalize the transaction.
About HDFC Sky
HDFC Sky is a comprehensive investment app developed by HDFC Securities, designed to enhance your stock market experience. Besides facilitating IPO investments, HDFC Sky supports stock trading, offers trading and Demat accounts, and provides access to a wide range of financial products including equity derivatives, mutual funds, options, and futures. The app also delivers personalized stock portfolio recommendations, making it a valuable tool for both novice and seasoned investors.
This IPO represents a significant opportunity for stock market enthusiasts, and using HDFC Sky ensures a seamless investment experience.
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