Bajaj Housing IPO created a stir, bids reached close to 3 lakh crores

New Delhi, September 11 (HS). Bajaj Housing Finance's IPO has created a stir in the primary market. On September 9, IPOs of 7 companies were open for subscription, but among these, investors' interest is seen the most towards Bajaj Housing Finance's IPO. Till 4 pm today, this IPO had received 62 times subscription. That is, till now a subscription amount of Rs 3 lakh crore has been collected for this IPO.
After this IPO opened for subscription on September 9, the reserved portion for every category except the employees category was fully subscribed on the first day itself. This IPO received a strong response in the next two days as well, due to which the subscription amount of this IPO crossed the level of Rs 1 lakh crore and reached close to Rs 3 lakh crore.
The size of this IPO of Bajaj Housing Finance is Rs 6,560 crore. Last week, the company had raised Rs 1,758 crore from its anchor investors. Now bids have been placed for the remaining shares worth Rs 4,802 crore in the employees, retail investors, qualified institutional buyers (QIB), non-institutional investors (NII) and HNI sections.
Due to the tremendous response received by the IPO, the company's shares are witnessing a tremendous uptrend in the grey market as well. Today, the company's shares were being bid at a 105 percent premium in the grey market. It is believed that before listing, the company's shares may be bid at up to 150 percent premium in the grey market.