As Bajaj Housing Finance made a stellar debut on the domestic bourses, some investors could be rueing the missed chance due to technical hiccups. Nearly 14 lakh applications or 16% of total bids in the company’s Initial Public Offering (IPO) – the largest issue in 2024 – were disqualified, according to allotment documents released on Monday. This is the second-highest number of rejections in absolute terms since the Life Insurance Corporation (LIC) IPO in May 2022.
bajaj housing finance ipo
Bajaj Housing Finance shares listing bonanza: Shares debut at 114% premium over IPO price; beat GMP
Bajaj Housing Finance shares listing bonanza: The Rs 6,560-crore initial public offer (IPO) of Bajaj Housing Finance received an overwhelming response, with subscriptions totaling Rs 3.23 lakh crore. The listing implies a profit of Rs 17,120 per lot for investors.