Bajaj Housing Finance’s 6,560 crore initial public offer (IPO) opened for subscription on Monday 9^th September. Within 4 hours of the sale, it was fully subscribed. The bidding opened from 9^th September and will be open till 11^th September. The firm is selling its share in the range of Rs. 66-70 a piece with a lot size of 214 equity shares.

This issue included a combination of fresh share sales of 50.86 crore shares amounting to Rs.3560 crores and offer for sale of 42.86 crore shares amounting to Rs. 3000 crores. The company had reserved shares worth 500 crore to the shareholders of its parent entities- Bajaj Finance and Bajaj Finserv.

Ahead of the opening Bajaj Housing Finance had collected a massive Rs. 1758 crore from anchor investment from marquee investors like JP Morgan, Morgan Stanley, Nomura, HDFC mutual fund among others.

The minimum investment for a retail investor is Rs. 14,980 i.e. 214 shares. The minimum lot size for sHNI is 14 lots amounting to Rs. 2,09,720 and for bHNI is 67 lots amounting to Rs.10,03,660.

The company backed by Bajaj FinServ and Bajaj Finance will finalize the allotment on Thursday, September 12^th.