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- Bajaj Housing Finance IPO; Tolins Tyres IPO | Kross Limited IPO Price Details
Mumbai4 days ago
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Today is the last day to bid for the Initial Public Offer (IPO) of 3 companies. These include Bajaj Housing Finance Limited, Cross Limited and Tolins Tyres Limited. The shares of these three companies will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 16. These IPOs opened on September 9.
Bajaj Housing Finance’s IPO has been subscribed a total of 8.08 times in two days. The IPO was subscribed 4.25 times in the retail category, 7.91 times in qualified institutional buyers (QIB) and 17.57 times in the non-institutional investors (NII) category.
At the same time, Cross Limited’s IPO was subscribed a total of 2.73 times in two days. The IPO was subscribed 4.15 times in the retail category, 0.03 times in QIB and 3.03 times in the NII category. Whereas, Tolins Tyres’ IPO was subscribed a total of 5.56 times. This IPO was subscribed 8.98 times in the retail category, 0.48 times in QIB and 4.32 times in the NII category. Let us now know about the IPOs of these three companies one by one.
1. Bajaj Housing Finance Limited Bajaj Housing Finance Limited wants to raise a total of ₹ 6,560 crore through this IPO. For this, the company is issuing 508,571,429 fresh shares worth ₹ 3,560 crore. Whereas, the existing investors of the company are selling 428,571,429 shares worth ₹ 3,000 crore through Offer for Sale (OFS).
Retail investors can bid for maximum 2782 shares Bajaj Housing Finance Limited has fixed the price band of this issue at ₹66-₹70. Retail investors can bid for a minimum of one lot i.e. 214 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹70, then you will have to invest ₹14,980 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 2782 shares. For this, investors will have to invest ₹ 194,740 according to the upper price band.
Bajaj Housing Finance premium in grey market is 100% Before listing, the company’s stock has reached a premium of 100% i.e. ₹ 70 per share in the grey market. In such a situation, according to the upper price band of ₹ 70, its listing can happen at ₹ 140. However, this can only be estimated, the price of the listing of the stock is different from the price of the grey market.
Bajaj Housing Finance is a non-deposit taking housing finance company Bajaj Housing Finance is a non-deposit taking housing finance company (HFC), established in 2008. The company is registered with National Housing Bank (NHB) since 2015 and offers mortgage loans since FY 2018.
The company is part of the Bajaj Group, which offers a range of mortgage products including home loans, loan against property, lease rental discounting and developer financing. As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers.
2. Cross Limited Cross Limited wants to raise a total of ₹500 crore through IPO. For this, the company is issuing 10,416,667 fresh shares worth ₹250 crore. Whereas, the existing investors of the company are selling 10,416,667 shares worth ₹250 through Offer for Sale (OFS).
Retail investors can bid for maximum 806 shares Cross Limited has fixed the price band of this issue at ₹228-₹240. Retail investors can bid for a minimum of one lot i.e. 62 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹240, then you will have to invest ₹14,880 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 806 shares. For this, investors will have to invest ₹ 193,440 according to the upper price band.
Cross Limited’s premium in grey market is 20.83% Before listing, the company’s stock has reached a premium of 20.83% i.e. ₹ 50 per share in the grey market. In such a situation, according to the upper price band of ₹ 240, its listing can happen at ₹ 290. However, this can only be estimated, the price of the listing of the stock is different from the price of the grey market.
Cross Limited was established in 1991 Established in 1991, Cross Limited was formerly known as Cross Manufacturers (India) Private Limited. The company manufactures trailer axles, suspensions and mesh for heavy-duty commercial vehicles and agricultural equipment, among others.
3. TOLLINS TIRES LIMITED Tolins Tyres Limited wants to raise a total of ₹230 crore through this IPO. For this, the company is issuing 8,849,558 fresh shares worth ₹200 crore. Whereas, the existing investors of the company are selling 1,327,434 shares worth ₹30 crore through Offer for Sale (OFS).
Retail investors can bid for maximum 858 shares Cross Limited has fixed the price band of this issue at ₹215-₹226. Retail investors can bid for a minimum of one lot i.e. 66 shares. If you apply for 1 lot as per the upper price band of the IPO of ₹226, then you will have to invest ₹14,916 for it.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 858 shares. For this, investors will have to invest ₹ 193,908 according to the upper price band.
Tolins Tyres Ltd. Grey Market Premium 17.26% Before listing, the company’s stock has reached a premium of 17.26% i.e. ₹ 39 per share in the gray market. In such a situation, according to the upper price band of ₹ 226, its listing can happen at ₹ 265. However, this can only be estimated, the price of the listing of the stock is different from the price of the gray market.
Tolins Tyres Limited was established in 2003 Tolins Tyres Limited is a tyre manufacturing company founded in 2003. The company sells tyres in India and exports them to 40 countries including East Africa, Jordan, Kenya and Egypt. The company operates 3 manufacturing facilities, two of which are located in Mattur, Kalady, Kerala and the third in Al Hamra Industrial Area, Ras Al Khaimah, UAE.
What is IPO? When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO.