The Bajaj Housing Finance IPO has created a buzz in the market with its historic subscription figures, attracting a staggering ₹3.24 lakh crore in bids. As the allotment process is set to finalize today, September 12, 2024, here’s a guide on how you can check your allotment status and understand the Grey Market Premium (GMP) for this high-profile IPO.
1. Checking IPO Allotment Status
Investors who participated in the Bajaj Housing Finance IPO can check their allotment status through the following platforms:
On the Bombay Stock Exchange (BSE) Website:
- Visit the BSE IPO Application Status Page: Go to the BSE IPO Application Check page.
- Select the Issue Type: Choose “Equity” from the dropdown menu.
- Select the Issue Name: Find and select “Bajaj Housing Finance Ltd” from the list.
- Enter Details: Input your application number and PAN card ID.
- Complete CAPTCHA: Verify that you are not a robot by completing the CAPTCHA.
- Submit: Click on ‘Submit’ to view your allotment status.
On the KFin Technologies Website:
- Visit KFin Technologies: Go to the KFin IPO Status page.
- Select the IPO: Choose “Bajaj Housing Finance Ltd” from the dropdown list (this will be available once allotment is finalized).
- Choose the Application Mode: Select your mode of application (Application number, Demat Account number, or PAN ID).
- Select Application Type: Choose between ASBA (Applications Supported by Blocked Amount) and non-ASBA.
- Enter Required Details: Fill in the details based on your selected mode and application type.
- Complete CAPTCHA: Enter the CAPTCHA code for verification.
- Submit: Click on ‘Submit’ to check your allotment status.
2. Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of an IPO’s performance in the grey market before its official listing. It reflects the extra amount investors are willing to pay for the IPO shares in the grey market.
As of the latest reports, Bajaj Housing Finance shares are commanding a GMP of ₹75 per share. This suggests a potential listing gain of around 104% for successful applicants. The GMP had been around ₹70 per share when the IPO closed for bidding, indicating a substantial rise in premium.
What to Do After Allotment
- Monitor Listing Date: Bajaj Housing Finance shares are expected to be listed on the BSE and NSE on Monday, September 16, 2024.
- Review Market Conditions: Stay updated on market conditions and GMP trends as they can influence the post-listing performance of the shares.
- Consult Your Broker: If you have any issues or questions regarding the allotment or listing, contact your broker for assistance.
With the Bajaj Housing Finance IPO making headlines with its record-breaking bids, checking your allotment status and understanding the GMP can help you stay informed about your investment. Keep an eye on the listing date and market conditions to make the most of your IPO investment.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Always consult with a financial advisor before making any investment decisions.
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