Bajaj Housing Finance IPO Allotment Status: All You Need to Know
The IPO season is in full swing, with Bajaj Housing Finance’s IPO being one of the most anticipated offerings. This article will provide an overview of the Bajaj Housing Finance IPO allotment status, key allotment dates, and steps to check your IPO allotment status.
Overview of Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO, valued at ₹6,500 crores, has garnered a massive response from investors, with approximately ₹1.25 lakh crore invested. This highlights the immense interest in the IPO, with investors from various categories such as retail, HNI, and institutional investors showing enthusiasm.
Key Dates: Bajaj Housing Finance IPO Allotment Status
- Allotment Date: The official allotment date for the Bajaj Housing Finance IPO is 12th September, although there are indications that the process could extend by a day or two.
- Allotment Time: IPO allotments generally become available late evening or early morning following the allotment date.
- Listing Date: The shares of Bajaj Housing Finance are expected to be listed shortly after the allotment, with the Bajaj Housing Finance IPO listing date to be announced soon.
Steps to Check Bajaj Housing Finance IPO Allotment Status
To check the IPO allotment status for Bajaj Housing Finance, there are several platforms you can use. Follow these steps:
- KFin Technologies Website: KFin Technologies is the registrar for the Bajaj Housing Finance IPO. Investors can check their allotment status on their official website by entering their PAN number or application number.
- BSE IPO Allotment Status Check: You can also check the status of your IPO allotment on the BSE website. Here’s how:
- Visit the BSE IPO status page.
- Select “Equity” from the options and choose “Bajaj Housing Finance” from the dropdown.
- Enter your application number or PAN card number, and submit to see your allotment status.
- Check via UPI Mandate: Many investors face issues with UPI mandates not being processed on time. It is important to ensure that the mandate request is accepted before the cut-off time. If your UPI mandate is not confirmed by 5:00 PM on 11th September, your application might be rejected.
Common Issues Faced During IPO Allotment
Many applicants face rejections due to improper UPI mandates or application errors. Some of the common problems include:
- Double Applications: Investors who applied under multiple categories such as retail and shareholder often see their applications rejected due to technical glitches or over-applying.
- Server Issues: During the last-minute rush, many investors experience server crashes, especially on banking websites and IPO platforms, leading to missed allotments.
To avoid these issues, ensure that your application is submitted well in advance and that your UPI mandate is confirmed in time.
Allotment Probability for Retail Investors
With over 72 lakh retail applications received, around 13.59 lakh investors are expected to receive the allotment. This means that one out of every five retail investors will be allotted shares. In the shareholder category, the odds are even better, with 13 out of 18 applicants likely to receive allotment.
Grey Market Premium (GMP) Insights
The Bajaj Housing Finance IPO has seen active trading in the grey market, where the GMP (Grey Market Premium) is reflecting positive sentiment. However, GMP is only an indication and should not be the sole basis for making investment decisions.
Final Thoughts
The Bajaj Housing Finance IPO has been a huge success, with heavy demand across all categories. Investors are eagerly awaiting the allotment status, and it is essential to check your allotment early to avoid any issues.
For those who do not receive shares in this IPO, don’t worry! Several upcoming IPOs are on the horizon, and proper planning can improve your chances in future allotments.
Let us know in the comments if you’ve faced any issues with your application or UPI mandate. Stay tuned for more updates on the Bajaj Housing Finance IPO allotment status, and good luck!