Bajaj Housing Finance's IPO is opening on September 9, with a price band of Rs 66-70 per share. Bajaj Housing Finance IPO raised Rs. 6,560 crore sought to be raised. The IPO will be open till September 11. Bajaj Housing Finance through this IPO raised Rs. 6,560 crore sought to be raised. In IPO Rs. 3,560 crore new shares will be declared. While Rs. 3,000 crore will be included in the offer-for-sale. The minimum investment will be Rs 14,980. The company has fixed the price band of this issue at ₹ 66-₹ 70. Retail investors can bid for a minimum of one lot i.e. 214 shares. If you apply for 1 lot at ₹70 at the upper price band of the IPO, you will have to invest ₹14,980. Funds will be used to increase credit capacity The company will use the funds raised from the IPO to increase its capital base, so as to fund future business needs. Means the ability to give loans can be increased. What is a company financial IPO? When a company releases its shares to the general public for the first time, it is called an initial public offering or IPO. A company needs money to grow its business. In such a situation, the company raises money by selling some shares to the public or by issuing new shares instead of borrowing from the market. For this the company brings IPO.
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Bajaj Housing Finance IPO to open from September 9: Investors can bid till September 11, minimum investment ₹14,980
