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The Bajaj Housing Finance IPO has captured widespread attention, breaking records with a subscription exceeding Rs 3 lakh crore. For investors who applied to this highly anticipated public issue, the allotment status is a critical step in determining if they were successful in securing shares. In this guide, we will walk you through the process of checking the Bajaj Housing Finance IPO allotment status.
Key Details of Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO closed on September 11, 2024, and was subscribed an astounding 63.61 times. The IPO received bids for over 4,628 crore shares, making it one of the most highly anticipated public offerings in India. The allotment date is set for September 12, 2024, and the shares are expected to list on the stock exchanges on September 16, 2024.
Here’s how you can check the allotment status and see if you’ve been allocated shares in this landmark IPO.
Methods to Check Bajaj Housing Finance IPO Allotment Status
1. Check Allotment Status via KFin Technologies
KFin Technologies is the registrar for the Bajaj Housing Finance IPO and provides an online platform for investors to check their allotment status.
Steps to Check via KFin Technologies:
- Visit the official KFin Technologies website at https://evault.kfintech.com/ipostatus/.
- Select Bajaj Housing Finance from the dropdown list of companies.
- Enter one of the following details:
- PAN (Permanent Account Number)
- Application Number
- DP Client ID
- Click on the Submit button.
- The allotment status will be displayed on the screen.
2. Check Allotment Status via BSE (Bombay Stock Exchange)
You can also check your IPO allotment status through the BSE website.
Steps to Check via BSE:
- Visit the BSE website at https://www.bseindia.com/.
- Click on the Investors tab.
- Select Status of Issue Application from the dropdown menu.
- Click on Application Status Check.
- Select Equity as the issue type.
- Choose Bajaj Housing Finance from the list of issues.
- Enter your PAN number, Application number, or DP Client ID.
- Press Search to view the status.
3. Check Allotment Status via NSE (National Stock Exchange)
Like the BSE, the NSE also provides a platform to check IPO allotments.
Steps to Check via NSE:
- Go to the NSE website at https://www.nseindia.com/.
- Navigate to the IPO Status Check section.
- Select Bajaj Housing Finance from the list of IPOs.
- Enter your PAN or Application Number.
- Click on Submit to view the status of your allotment.
Important Dates
- Allotment Date: September 12, 2024
- Refund Initiation Date: September 13, 2024
- Credit of Shares to Demat Account: September 15, 2024
- IPO Listing Date: September 16, 2024
Bajaj Housing Finance IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) of the Bajaj Housing Finance IPO has surged significantly, reflecting strong demand for the company’s shares even before they are listed on the stock exchanges. As of the allotment date, the GMP stands at around Rs 72, indicating a potential 100% premium over the issue price.
The GMP can fluctuate based on market sentiment, but a high premium signals positive investor outlook for the company’s performance post-listing.
Common Issues While Checking IPO Allotment Status
- Invalid PAN or Application Number: Double-check the details you’ve entered if the system is not displaying your allotment status.
- Website Downtime: High traffic during IPO allotment dates can cause the registrar’s or exchange’s website to slow down or experience downtime. In such cases, try checking after a few minutes.
- Technical Glitches: If you encounter any error messages, clear your browser cache or try accessing the website through a different browser.
What to Do After Checking the Allotment Status
If You Are Allotted Shares
- Ensure Timely Refund: If you applied for more shares than were allotted, the excess amount will be refunded to your bank account. Make sure you receive the refund on time.
- Monitor Listing Day: Keep an eye on the listing day performance of Bajaj Housing Finance shares, especially if you plan to sell your shares on the first day of trading.
If You Are Not Allotted Shares
- Wait for Refund: If you were not allotted any shares, the entire application amount will be refunded to your bank account.
- Explore Other IPOs: While missing out on the Bajaj Housing Finance IPO may be disappointing, there are many more IPOs in the pipeline that could present investment opportunities.
Demat Account Opening in Upstox
Step by Step Guuide for account opening in Upstox
Conclusion
Checking the IPO allotment status for Bajaj Housing Finance is a simple process, whether you do it through the registrar, BSE, or NSE. With an unprecedented level of subscription, the IPO has generated immense interest, and allotment is expected to be competitive. Whether you are allotted shares or not, it’s essential to stay informed and follow up with any necessary steps, such as tracking your refunds or preparing for the listing day.
FAQs on Bajaj Housing Finance IPO Allotment Status
1. When will the Bajaj Housing Finance IPO allotment status be available?
The allotment status for Bajaj Housing Finance IPO will be available on September 12, 2024.
2. Where can I check my IPO allotment status?
You can check your allotment status on the websites of KFin Technologies, BSE, or NSE.
3. What details do I need to check the IPO allotment?
You will need your PAN, Application Number, or DP Client ID to check the allotment status.
4. What should I do if I don’t receive an allotment?
If you don’t receive an allotment, the amount you invested will be refunded to your bank account within a few working days.
5. When will Bajaj Housing Finance shares be listed on the stock exchanges?
The shares of Bajaj Housing Finance will be listed on the BSE and NSE on September 16, 2024.
6. Can I sell my Bajaj Housing Finance IPO shares on listing day?
Yes, you can sell your allotted shares on the day of listing or any time after they are listed on the exchange.
