Bajaj Housing Finance IPO: How to Apply Under the Shareholders Category?: The Initial Public Offering (IPO) of Bajaj Housing Finance is set to open for bidding from September 9-11. As a Bajaj Group firm, the company is selling its shares in the price range of Rs 66-70 per share, with a minimum lot size of 214 equity shares. If you are a shareholder of Bajaj Housing Finance or its parent company, you may be eligible to apply under the shareholders category. This article will guide you through the process of applying under this category and provide important details regarding the IPO.
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Understanding the Shareholders Category in IPOs
In IPOs, the shareholders category allows individuals who hold shares in the parent company or related entities to apply for shares at a preferential allocation. This provides an added advantage for loyal shareholders, giving them the opportunity to invest in the company’s growth.
Eligibility Criteria for the Shareholders Category
Who Can Apply?
To apply under the shareholders category for the Bajaj Housing Finance IPO, you must meet the following criteria:
- Holding shares in Bajaj Finance Ltd: The parent company of Bajaj Housing Finance.
- Shareholder as of the Record Date: You need to be a shareholder of Bajaj Finance as of the specified record date to be eligible for this category.
Number of Shares Held
There is typically no minimum number of shares required to apply under this category, as long as you are a registered shareholder as of the record date.
How to Apply Under the Shareholders Category?
Step 1: Check Eligibility
Ensure that you are an existing shareholder of Bajaj Finance as of the record date set by the company. This is crucial for applying under the shareholders category.
Step 2: Choose Your Bidding Platform
You can apply for the Bajaj Housing Finance IPO through any of the following platforms:
- Online IPO Applications via Bank ASBA (Application Supported by Blocked Amount): Most banks offer ASBA services where you can apply directly through their net banking platform.
- Brokers’ Platforms: You can also apply through your trading or brokerage account, where the IPO application facility is provided.
Step 3: Select the Shareholders Category
When filling out the IPO application form, select the “Shareholders” category to ensure that your bid is considered under this preferential allocation. Ensure that you choose the correct lot size, which is a minimum of 214 shares, or multiples thereof.
Step 4: Submit Your Bid
Enter the bid details such as the number of shares you wish to apply for, within the price range of Rs 66-70 per share. Ensure that your ASBA-enabled bank account has sufficient funds to block for the IPO application.
Step 5: Monitor the Status
After applying, you can track the status of your IPO bid through your brokerage account or banking platform. The allotment results will typically be announced a few days after the IPO closes.
Important Dates for Bajaj Housing Finance IPO
- IPO Bidding Opens: September 9, 2024
- IPO Bidding Closes: September 11, 2024
- Price Range: Rs 66-70 per share
- Lot Size: 214 equity shares
- Allotment Date: A few days after the IPO closes
- Listing Date: Expected shortly after the allotment process
Benefits of Applying Under Shareholders Category
- Preferential Allotment: Shareholders may receive preference in allocation compared to retail investors.
- Opportunity for Long-term Investment: As a shareholder, you have the chance to invest further in a growing business that you are already part of.
- Better Chances of Allotment: IPOs can be oversubscribed, but applying through the shareholders category may increase your chances of receiving an allotment.
Conclusion
The Bajaj Housing Finance IPO presents an exciting opportunity for investors, particularly for existing shareholders of Bajaj Finance, to invest further in the company’s growth. By applying under the shareholders category, eligible investors can increase their chances of receiving an allotment at a preferential rate. Make sure you follow the correct steps and apply before the IPO bidding window closes on September 11.