Bajaj Housing Finance IPO concludes with over 3 lakh crore subscription: Issue booked 63.54x; GMP surges on strong demand

Bajaj Housing Finance IPO (initial public offering) was subscribed over 63.54 times on the last day of bidding today (11 September), and topped over Rs 3 lakh crore in subscription amount. Strong demand for the issue continues from institutional investors and non-institutional

investors.

The Rs 6,560-crore public issue of Bajaj Housing Finance has got bids for over 4,622 crore shares against 72.75 crore shares on offer, across both BSE and NSE, as of 5 pm. With this, the total bid amount for the public issue has topped over Rs 3 lakh crore, according to back of the envelope calculations. Before this, Coal India Ltd (2008) and Mundra Port (2007) IPOs had topped Rs 2 lakh crore in subscription amounts.