However, investors looking to maximise their chance of obtaining an allocation can apply under a special quota, which is the category of shareholders.
In the Rs 6,560 crore IPO, Bajaj Housing Finance has set aside an additional Rs 500 crore for shareholders of Bajaj Finance and Bajaj Finserv.
Shareholder Eligibility
The company filed its RHP on August 30 and hence those investors holding shares of Bajaj Finance or Bajaj Finserv till this date can apply in the shareholders section.
How to maximize allocation possibilities
Investors who apply only in the retail category have a lower chance of getting an allotment. However, it is advisable that shareholders of Bajaj Finance or Bajaj Finserv can apply for IPOs in both the retail and shareholder categories, which increases the probability of getting an allotment.Read also: Bajaj Housing Finance vs PN Gadgil and 2 other IPOs: Which is the smarter bet?
Investors who are eligible to apply under the shareholders category can choose any of the three options depending on the funds available. i) Apply under the more minor shareholders category, ii) Apply under the smaller HNI shareholders category Categories or iii) largest category shareholder of HNI.
If investors have the amount to bid for only one lot, it is advisable to prefer the shareholder category to the retail portion, as the latter is likely to experience greater demand.
Minimum bid details
Investors should note that under the shareholders category, only bids received at a price equal to or higher than the offer price will be considered. Under this category, investors can bid for more than 2,000 shares in 13 lots for a maximum of Rs 200,000. In contrast, the maximum that a retail investor can bid for is only one lot of 270 shares for a maximum of Rs 14,980.
(Disclaimer:The recommendations, suggestions, views and opinions of the experts are their own and do not represent the opinions of Economic times)
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