The much-anticipated IPO of Bajaj Housing Finance captured investor attention in September 2024, offering a fresh opportunity in India’s growing mortgage finance sector. With strong subscription numbers and interest from all investor categories, many participants now eagerly await confirmation of their allotment. Knowing the exact date and how to check your IPO allotment status is key to planning your next investment move.
What Is an IPO Allotment Date?
The IPO allotment date is the day when shares are officially assigned to investors who applied during the subscription window. After this date, successful applicants will find shares credited to their Demat accounts and unsuccessful bidders will have their application money released back.
When Will Bajaj Housing Finance IPO Allotment Happen?
According to the Bajaj Housing Finance red-herring prospectus and confirmed by multiple sources, the allotment process closed onThursday, 12 September 2024. Investors could check their allotment status after 8 PM on that day
Timeline Overview
- Open Date: 9 September 2024
- Close Date: 11 September 2024
- Allotment Date: 12 September 2024 (after market hours)
- Refund Initiation and Demat Credit: 13 September 2024
- Listing Date: 16 September 2024, on both NSE and BSE
How to Check Your Allotment Status
Once the allotment is published, investors can verify their allocation using these platforms:
KFin Technologies (Registrar)
- Visit the KFinTech IPO allotment page and select Bajaj Housing Finance Limited IPO.
- Enter your PAN, application number, or Demat ID along with captcha.
- Click Submit to view your status
BSE and NSE Websites
- Go to the IPO allotment status pages on BSE or NSE.
- Select Equity and the relevant IPO.
- Enter your PAN or application number and submit to check status
Through Your Broker or Bank
You can also view the allotment status via your broker’s app or website. If your application was unsuccessful, the blocked funds will be released back to your bank account by 13 September 2024
Next Steps After Allotment
If Allotted
- Shares will be credited to your Demat account on 13 September 2024.
- Prepare for listing shares begin trading on 16 September 2024, and early performance can be watched closely
If Not Allotted
- Your application money will be refunded automatically on 13 September 2024.
- Check your bank account for the reversal, which is typically completed by the next working day
IPO Performance and Market Response
The IPO was India’s largest of 2024, attracting heavy subscription 209Ã from QIBs, 41Ã from NIIs, and around 7Ã from retail investors, with overall oversubscription at ~63Ã
On 16 September 2024, the stock debuted with more than double gains, surging ~125-136% above the issue price, marking a highly successful listing
Tips for IPO Applicants
- Ensure pan, Demat, and application numbers are correct when applying and checking status.
- Use multiple devices or platforms to verify, to avoid access issues.
- Monitor your bank account to confirm refunds or share credits.
- Be prepared for high volatility during listing decide whether to hold or sell based on your investment strategy.
The allotment for Bajaj Housing Finance IPO was finalized on 12 September 2024 after a highly successful subscription from investors across categories. Refunds and Demat credits were processed on 13 September, followed by listing on 16 September 2024. If you applied, check your KFinTech, BSE, NSE, or broker platforms post-12 September to confirm your allotment. This information helps streamline the next steps in your investment journey.