The Bajaj Housing Finance IPO, which opened on September 9, 2024, and will close on September 11, 2024, is set to raise ₹6,560 crore. The price band for the shares is between ₹66 to ₹70. The IPO consists of a fresh issue of ₹3,560 crore and an offer for sale amounting to ₹3,000 crore.
As for the Grey Market Premium (GMP), the latest figures as of September 9, 2024, indicate a GMP of ₹55, suggesting an expected listing price of approximately ₹125, offering a potential premium of around 78% over the issue price(
Benzinga)(
India Today)(
The shares are expected to be listed on both BSE and NSE on September 16, 2024. Keep in mind that while GMP is a useful indicator of demand, it is not a guarantee of the stock’s performance on listing day.
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