Bajaj Housing Finance's mega Rs 6,560-crore IPO, which opened for bidding on Monday, 9 September, was subscribed over 50 percent till 11:57 am. HNIs, or non-institutional wealthy investors, had already subscribed 91 percent of their reserved portion.

 

Bajaj Housing Finance had collected a massive Rs 1,758 crore from anchor investors on Friday. The Rs 6,560-crore initial share-sale will conclude on September 11.

 The IPO had received bids for over 36.26 crore shares as of 11:48 am, out of the 72.76 shares shares on offer, across both NSE and BSE.

The non institutional investors (NII) category received 99 percent subscription, while the portion for Retail Individual Investors (RIIs) got subscribed 54 percent.

The IPO has a price band at Rs 66 to Rs 70 per share for the public issue, comprising a fresh issue of equity shares of up to Rs 3,560 crore and an offer-for-sale (OFS) of equity shares to the tune of Rs 3,000 crore by parent Bajaj Finance.