The share allotment for the Bajaj Housing Finance IPO has been finalised, with successful investors now receiving notifications. The shares will soon be credited to their demat accounts, while those who missed out will receive refunds.
To check their allotment status, investors can visit the BSE or KFin Technologies websites.
With the allotment process complete, attention now turns to the expected listing gains when Bajaj Housing Finance shares debut on the stock exchange on September 16.
Expected listing gain
Brokerages tracking the IPO have already indicated that the IPO is set for a positive listing, with the grey market premium (GMP) indicating that investors will see their money double on listing day.
While the latest GMP has seen a slight drop, it is still strong at Rs 76.50, indicating that the Bajaj Housing Finance stock will get listed at Rs 146.5, marking a whopping 110% listing gain.
“We believe Bajaj Housing Finance Ltd IPO gives investors an opportunity to invest in one of India’s leading players in the housing finance sector,” Rajan Shinde, Research Analyst at Mehta Equities, had said after the Bajaj Housing Finance IPO opened for subscription.
“By looking at the financials, the company has shown substantial growth in revenue from operations—50.4% in FY 2023 and 34.5% in FY 2024—and net profit growth of 77.2% in FY 2023 and 37.6% in FY 2024,” Shinde explained.
“At the upper price band of 70, the issue is asking for a market cap of Rs 58,297 crore. Based on FY 2025 annualised earnings and fully diluted post-IPO paid-up capital, the company is asking for a price-to-book value (PBV) of 2.96x, which is in line with its listed peers trading at an average PBV of 3x,” Shinde explained.
Brokerage firm Anand Rathi also highlighted in a note that the IPO could be a lucrative investment for investors.
As the situation stands, Bajaj Housing Finance IPO could double the wealth of its shareholders on listing day and keep gaining in the long-term.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
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