Bajaj Housing Finance Ltd. has a reserved portion for shareholders of it’s a parent company Bajaj Finance Ltd (BFL). The key requirement for the shareholders to apply under this category is that you need to be a shareholder of Bajaj Finance as on the record date which is provided at the time of IPO issuance. This category can only be opened to shareholders on the record date of this Corporation.
This was a topic that is majorly their IPO policy, where IPO shareholders of BFL have the option to apply to this reserved category. Here’s a detailed guide on how to apply:Here’s a detailed guide on how to apply:
Eligibility:
- BFL shareholders: Thus, to be in a position to participate,you have to be a Bajaj Finance Ltd. share holder at the record date which is often stated in the IPO prospectus.
Application Process:
- Demat Account:
- It is also necessary to have an operative Demat account which is linked to the PAN number and contains BFL shares.
- Check IPO Dates:
- A good number of people miss the IPO of the Bajaj Housing Finance by not knowing when it started or when it closed.
- Use ASBA (Application Supported by Blocked Amount):
- ASBA is most preferred method or advisable method of assigning business. It enables one to apply, which does not require to transfer funds as they will be retained in the account until disbursement.
- Another common method of application you can use ASBA service accessible through the net banking platform. Almost every large-scale banking organisation provides this service.
- Step-by-Step Application in ASBA:
- Go to the net banking by using your login ID and password.
- Click on the IPO section.
- Choose Bajaj Housing Finance IPO.
- Click on the shareholders category for application.
- Please input the number of shares that you want to apply for.
- Just to be safe make sure that you apply within the maximum allowed for the shareholder category.
- Confirm the details and click on SUBMIT YOUR APPLICATION. The amount, which will be blocked, will be stopped.
- Using UPI (Unified Payments Interface):
- In case you are applying through a broker’s platform, make sure you use a valid UPI ID that is associated with your bank account.
- Choose shareholders category, put the bid and confirm the UPI mandate.
Allotment and Refund:
- After closing the public offering shares will be issued according to the demand and eligibility criteria.
- If not allotted it will be unblocked or refunded back to you an equivalent of the blocked amount.
Key Points:
- Make on record date of the BFL shares are maintained in Demat account.
- Make sure to be up to date with the IPO time table and the terms.
The IPO of Bajaj Housing Finance Ltd provides a specific class of shareholders for its parent company Bajaj Finance Ltd(BFL). To apply under this shareholder category, there will always be a record date which is stated in the IPO prospectus eligible investor must be shareholders of Bajaj Finance Limited on that record date. Shareholders on this record date are the only one allowed to exercise their rights in this category.
To get on the official IPO list and bid effectively for the IPO you have to have a Demat account which holds your Bajaj Finance shares. The IPO application procedure is typically conducted using the ASBA method, Application Supported by Blocked Amount, which is used mostly because the funds get blocked in the applicant’s account while bidding for the IPO.
And no amount is actually debited in this account, unless the shares are allotted to the shareholders. But if you are applying through ASBA, you can give the application through your bank’s net banking by going to the IPO section and fill in the required details like, the number of shares you are bidding for and the bid price you are willing to pay. If you want to apply for the shares particularly under this section then you will need to opt for the shareholder category.
If you have used a stockbroker’s platform to apply, then you can go for the UPI-based application. Here you have to map your UPI ID with your Demat account and then authenticate the payment through the UPI mandate. The UPI method is suitable for retail investors making application through the brokers’ platforms.0
After the application process is complete, the company will begin the allotment process. If you receive shares, then they would be credited in your Demat account. In case the application fails, the amount that was frozen in the linked account or the UPI mandate will be credited back into your bank account. Remember the IPO dates because it is always important to make sure that your application is submitted on time. It is also necessary to track the changes in the record date, the opening, and the closing date of the IPO as mentioned in the official announcements.
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