Shareholder Quota in Bajaj Housing Finance: How to Get the Best from Your Investment?

Are you among the proud shareholders of Bajaj Finance or Bajaj Finserv? If yes, here is some good news for you!  You will get a golden opportunity to apply for the Bajaj Housing Finance IPO under the exclusive Shareholder Quota category. Here's everything that you need to know to reap the most out of this chance.

The company has reserved ₹500 Crores worth of shares under shareholder quota. Shareholders of Bajaj Finance & Bajaj Finserv as of the RHP date, i.e. August 30, 2024, would be eligible to apply for this Offer under the Shareholder's Reservation Portion.

What is the Shareholder Quota?

This is a special quota allocation available to all existing shareholders of the parent companies. For Bajaj Housing Finance, this means that if you own shares in Bajaj Finance or Bajaj Finserv, you're eligible to apply for shares in their IPO under this category.

How Much Can You Apply?

As updated in the latest addendum, the maximum bidding allowed under the Shareholder Quota category is ₹2 lakh. That means you can apply for shares of up to ₹2 lakh under this quota.

Possible Combinations to Apply with Shareholder Quota

You can combine your application under Shareholder Quota with other categories as per your investment strategy. Here's a breakdown of how you can do it:

1. Shareholder Quota + BHNI (BIG-HNI): You can apply under the Shareholder Quota and also place a bid in BHNI (Big-HNI) category if you so prefer. The best option, if looking to invest a decent amount and widening your chances for an allotment.
2. Shareholder Quota + SHNI: You could also apply under the Shareholder Quota and bid in the SHNI category. Such a combination would therefore be suitable for an investor who desires to spread out his application across different categories.
3. Shareholder Quota + Retail: You may also apply under the Shareholder Quota and simultaneously bid in the Retail category. This is best suited if you are trying your luck at many categories for an allotment.

Key Points to Remember

• The maximum bid limit for the shareholder quota, as per the latest addendum, is ₹ 2 lakh.
• The applicant should be a shareholder either in Bajaj Finance or Bajaj Finserv. 
• Considering your investment goals, you can combine your application in the Shareholder Quota with BHNI, SHNI, or Retail categories as you like. 

The Shareholder Quota offers an excellent opportunity for the existing shareholders of Bajaj Finance and Bajaj Finserv to participate in Bajaj Housing Finance IPO by increasing the probability of allotment. Whether combining your application with BHNI, SHNI, or Retail categories, make sure to invest judiciously so that the probability of getting shares increases.

Ready to seize this opportunity? Well, just wait for the IPO dates, and then have a go at it!

Feel free to ask for any queries or assistance anytime. Cheers to investing!

Read More:

Shareholder Quota | Shareholder Quota in 2024 | Buybacks of Shares