Bajaj Housing IPO 2025 The Bajaj Housing Finance IPO has made headlines as it became the first Indian company to attract bids exceeding Rs 3 lakh crore. Despite the overwhelming interest and significant subscription levels, many investors are facing issues with their applications due to missing UPI mandates. The IPO, which was open from September 9 to September 11, saw an exceptional subscription rate but has left some investors frustrated as they encounter challenges with their applications. This article delves into the details of the IPO, the issues faced by investors, and the processes involved in application and mandate submission.
Bajaj Housing IPO Subscription and Demand Overview
| Aspect | Details |
| Total Subscription | 63.61 times |
| Qualified Institutional Bidders (QIBs) | 209.36 times |
| Non-Institutional Investors | 41.51 times |
| Shareholders | 17.53 times |
| Employees | 2.05 times |
| Retail Investors | 7.04 times |
- Subscription Breakdown: The IPO received stellar demand across various categories, with QIBs leading the subscription followed by non-institutional and retail investors.
Expert Forecasts on the Future of Bajaj Housing Finance Ltd.
|
Year |
Minimum Price (₹) |
Maximum Price (₹) |
|
2025 |
60 |
400 |
|
2025 |
200 |
950 |
|
2030 |
2150 |
2770 |
|
2040 |
3900 |
4600 |
|
2050 |
5800 |
7600 |
Common Issues Faced by Investors with Bajaj Housing IPO Applications
| Issue | Details |
| Missing UPI Mandate | Applications without a UPI mandate will be rejected. |
| Multiple Applications | Applications with duplicate PAN numbers are rejected. |
| Mismatched Application IDs | Discrepancies between application ID and mandate cause rejections. |
| Incorrect Category | Applications made in incorrect categories are rejected. |
| Late Mandates | Mandates processed after cut-off times are rejected. |
- Reasons for Rejection: Applications missing UPI mandates or with errors in submission are at high risk of rejection. Issues include multiple applications with the same PAN, mismatched IDs, and incorrect categories.
Key Steps in Bajaj Housing IPO Application Process
| Step | Details |
| Application Submission | Made through ASBA process with a fixed price band of Rs 66-70. |
| UPI Mandate Request | Blocked amount in the investor’s account through UPI. |
| Clearing and Allocation | Funds are transferred to clearing participants for finalization. |
- Application Process: The process includes submitting the application via ASBA, requesting a UPI mandate to block funds, and the final clearing and allocation phase.
UPI Mandate Process for Bajaj Housing IPO
| Process | Details |
| ASBA Initiation | Exchanges initiate ASBA and send requests to banks. |
| UPI Mandate Approval | Mandate approval is required to block funds. |
| Submission to Clearing | Completed applications are submitted to clearing participants. |
- UPI Mandate Details: The UPI mandate process involves initiating ASBA, approving the mandate, and submitting the application to clearing entities.
Impact of UPI Mandate Issues on Bajaj Housing IPO Applicants
| Issue | Impact |
| Rejection of Applications | Applications without mandates are automatically rejected. |
| Investor Discontent | Investors face frustration and missed investment opportunities. |
| Delayed Processing | Technical glitches or high demand may delay mandate processing. |
- Impact of Issues: Missing or delayed UPI mandates lead to automatic rejection of applications, causing investor dissatisfaction and missed opportunities.
Expert Opinions on Bajaj Housing IPO Mandate Problems
| Expert | Opinion |
| Prashanth Tapse | High chances of rejections due to various application errors. |
| Narendra Solanki | No single authority is responsible for mandate delays; issues stem from technical glitches and high demand. |
| Trivesh D | Broking platforms have limited control; issues often arise from the UPI mandate process. |
- Expert Insights: Various experts provide insights into the causes of mandate issues, emphasizing the lack of a single responsible entity and the role of technical glitches.
Summary of Bajaj Housing IPO Offerings
| Offering | Details |
| IPO Period | September 9 to September 11, 2025 |
| Price Band | Rs 66-70 per share |
| Lot Size | 214 shares |
| Total Amount Raised | Rs 6,560 crore |
| Fresh Share Sale | Rs 3,560 crore |
| Offer for Sale | Rs 3,000 crore |
- IPO Details: The Bajaj Housing IPO offered shares in a fixed price band, with a significant total amount raised and a defined lot size.
FAQs
Why were some Bajaj Housing IPO applications rejected
Applications without UPI mandates were rejected. Additionally, issues like duplicate PAN numbers, mismatched IDs, incorrect categories, and late mandates also led to rejections.
What steps are involved in the Bajaj Housing IPO application process
The application process includes submission via ASBA, approval of the UPI mandate to block funds, and final clearing and allocation.
How does the UPI mandate process work for IPOs
UPI mandates involve initiating ASBA, requesting and approving the mandate to block funds, and submitting completed applications to clearing participants.
What were the subscription levels for the Bajaj Housing IPO
The IPO was subscribed 63.61 times overall, with QIBs subscribing 209.36 times, non-institutional investors 41.51 times, and retail investors 7.04 times.
What common issues led to rejections in the Bajaj Housing IPO
Common issues include missing UPI mandates, multiple applications with the same PAN, mismatched application IDs, incorrect category submissions, and late mandates.
Who is responsible for delays in UPI mandate processing
There is no single authority responsible for delays; issues often arise from technical glitches or high demand.
What was the total amount raised in the Bajaj Housing IPO
The IPO raised a total of Rs 6,560 crore, including Rs 3,560 crore from a fresh share sale and Rs 3,000 crore from an offer for sale.