September 12, 2024, 11:26 AM
The much-anticipated Bajaj Housing Finance Initial Public Offering (IPO) is generating significant buzz in the grey market. As of today, the Grey Market Premium (GMP) stands at ₹78, indicating a strong investor sentiment. With a price band set at ₹70.00, the estimated listing price of the IPO is projected to be ₹148 per share, calculated as the cap price plus today’s GMP. This represents an impressive estimated gain of 111.43% per share.
Retail and Small HNI Sauda Trends
- Retail Subject to Sauda: ₹12,700
- Small HNI Subject to Sauda: ₹1,77,800
The retail and small High Net Worth Individual (HNI) segments are also seeing robust demand, reflected in the rising Subject to Sauda (the premium investors are willing to pay for an allotment guarantee).
Market Sentiment and Trends
We update the GMP on a daily basis, and based on the grey market activities over the last 22 sessions, today’s trend points upward, suggesting a strong listing day ahead for the Bajaj Housing Finance IPO. The GMP has fluctuated between a low of ₹36 and a high of ₹78, with today’s figure representing the upper end of this range.
Given the consistent demand in the grey market, the IPO is expected to deliver substantial gains to investors. Stay tuned with us for daily updates on the Bajaj Housing Finance IPO GMP and its listing price projections.
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