2024-09-03 13:06:29
New Delhi: Another company is preparing to bring its IPO in the stock market. The name of this company is Bajaj Housing Finance. Even before the IPO opens, it is creating a stir in the grey market. Its grey market premium (GMP) has reached about 80 percent. That is, it can be listed at an 80 percent premium. If you are thinking of investing in the IPO of this company, then you will have to wait a bit. You will be able to invest in it from next week.
The issue size of the company is Rs 6560 crore. The company will issue both fresh and offer for sale (OFS) shares. The company will issue 50.86 fresh shares worth Rs 3560 crore and 42.86 shares worth Rs 3000 crore under OFS. Let us tell you that many investors like to invest in IPOs. This is because most IPOs give good returns to investors on listing.
People do not invest in IPO for a long time, sell 54% shares in a week, revealed in SEBI study
From issue opening to listing, know 5 special things about IPO
1. When will it open: This IPO will open for investment on Monday i.e. 9th September. Investors can invest in it from 9th September to 11th September.
2. When will the listing happen: Allotment of shares will be done on September 12. Those who will be allotted shares, their demat accounts will be credited on September 13. Its listing will be on September 16.
3. What is the price band: Its price band is between Rs 66 and Rs 70. There are 214 shares in one lot. For this, investors will have to invest Rs 14,980.
4. What will the company do with the money: The company will use the money raised from the IPO to expand its business.
5. What the company does: Bajaj Housing Finance Company was established in 2008. Its job is to give loans by mortgaging the property. Apart from this, the company also provides customized financial solutions to common people and corporates for renovating homes and commercial spaces.
Discussion of IPO in the grey market
There is a lot of discussion about this IPO in the grey market. On Tuesday, its GMP became Rs 55.50. That means it can be listed at Rs 126 with a premium of about 80 percent. If this happens, it will give tremendous returns to the investors on the very first day.Disclaimer: The suggestions given in this analysis are those of individual analysts or broking companies, not of NBT. We advise investors to consult certified experts before making any investment decision. As stock market conditions can change rapidly.