How to Check Bajaj Housing Finance IPO Allotment Status

There are two main ways to check your IPO allotment status: through the IPO registrar’s website or via the Bombay Stock Exchange (BSE). We’ll walk you through both methods.

Method 1: Check Allotment Status on the Registrar’s Website (KFin Technologies)

The official registrar for Bajaj Housing Finance IPO is KFin Technologies, and you can check your allotment status by following these steps:

1. Visit the Registrar’s Website: Open the KFin Technologies allotment status page using this URL.
2. Select Bajaj Housing Finance: From the dropdown menu, choose Bajaj Housing Finance IPO.
3. Enter Required Details: You will need to enter either:
   • PAN number, or
   • Application number, or
   • DP client ID (Depository Participant ID).
4. Submit Information: After entering the necessary details, click on the ‘Submit’ button.
5. View Allotment Status: Your allotment status will appear on the screen, showing whether you have received shares or not.

Method 2: Check Allotment Status on BSE Website

Another option is to check your allotment status on the Bombay Stock Exchange (BSE) website. Follow these steps:

1. Visit BSE Website: Go to the official BSE website by entering the URL www.bseindia.com.
2. Navigate to Allotment Section: On the homepage, click on the ‘Investors’ tab. From the dropdown menu, choose ‘Status of Issue Application’.
3. Select Equity and Bajaj Housing Finance: In the ‘Application Status Check’ section, select ‘Equity’ in the issue type, and then choose Bajaj Housing Finance IPO from the dropdown list.
4. Enter Details: You will need to input the following:
   • Application Number or
   • PAN Number or
   • DP Client ID.
5. Search for Status: After entering the details, click on ‘Search’ to view your allotment status.

What Happens After the Allotment?

Once the allotment is finalized and you’ve checked your status, several important processes will follow:

1. Refund for Unsuccessful Applicants

If you do not receive shares, the blocked amount from your bank account through ASBA (Application Supported by Blocked Amount) will be unblocked. This typically happens within 2-3 working days.

2. Credit of Shares in Demat Account

For successful applicants, the allotted shares will be credited to your Demat account. This process also takes about 2-3 days, and the shares should reflect before the listing date.

3. Listing on Stock Exchanges

Bajaj Housing Finance shares are expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) by 12 September 2024. On the listing day, share prices can be volatile, especially given the high demand and interest during the IPO process. Investors may see significant price movements in the early hours of trading.

4. Trading Strategy

Once the shares are listed, investors must decide whether to hold or sell their shares. Some investors may prefer to sell on the listing day if the stock opens at a premium, while others may opt to hold for long-term gains, given Bajaj Housing Finance’s strong position in the housing finance sector.

Why Did Bajaj Housing Finance IPO See Such a Huge Response?

Several factors contributed to the record-breaking subscription numbers for Bajaj Housing Finance’s IPO:

• Strong Parentage: Backed by Bajaj Finance, one of India’s most trusted and profitable non-banking financial companies, the IPO had a strong foundation.
• Attractive Valuation: Analysts believed that the IPO was fairly valued, making it an appealing opportunity for investors looking for long-term growth.
• Housing Finance Growth Potential: With a rapidly growing housing finance market in India, driven by urbanization and affordable housing initiatives, investors are optimistic about the future of the sector.
• Positive Market Sentiment: The overall positive sentiment in the stock market encouraged more investors to participate in the IPO.

The Bajaj Housing Finance IPO allotment is a highly anticipated event for investors, given the record-breaking subscription numbers. With a robust demand across investor categories, the competition for shares was intense. By following the methods described above, investors can easily check their allotment status and prepare for the next steps in their investment journey.