Bajaj Housing IPO GMP rockets 100% on last day; should you park your funds?

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Bajaj Housing IPO GMP rockets 100% on last day; should you park your funds? - Business Standard

Quick Summary:

Bajaj Housing Finance IPO, which ends today, has so far received an overwhelming response from investors, with the public issue being subscribed 7.

Non-Institutional Investors (NIIs) bid the highest at 16.45 times for the Bajaj Housing Finance IPO, followed by Qualified Institutional Buyers (QIBs) at 7.46 times and Retail Individual Investors (RIIs) at 3.83 times.

The Bajaj Housing Finance IPO is available at a price band of Rs 66-70 with a lot size of 214 shares.