Bajaj Housing Finance Share Price Trends Post-IPO Buzz
Key Details of Bajaj Housing Finance IPO
Bajaj Housing Finance's Rs 6,560 crore IPO opened for public subscription on September 9 and closed on September 11. This significant offering is set to position Bajaj Housing Finance strategically in the market. The IPO will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 16, 2024.
Price Band and Offer Structure
- Price Band: Rs 66 to Rs 70 per share
- Fresh Issue: Equity shares valued up to Rs 3,560 crore
- Offer-for-Sale (OFS): Rs 3,000 crore by Bajaj Finance
Utilization of Proceeds
The proceeds from the fresh issue aim to enhance the company's capital base, addressing future financial needs effectively. This strategic move is expected to bolster the financial standing of Bajaj Housing Finance.
Management of IPO
The book-running lead managers overseeing this IPO include Kotak Mahindra Capital Company, BoFA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities. Kfin Technologies plays a crucial role as the registrar for the IPO.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.