bajaj housing finance

 

Bajaj Housing Finance shares listing bonanza: Hit upper circuit at 135% premium over IPO price; m-cap nears Rs 1.4 lakh crore

September 16, 2024 / 12:36 IST





Bajaj Housing Finance has made a remarkable debut on the stock market, hitting an upper circuit at a staggering 135% premium over its IPO price. This listing bonanza has captivated investors, with the company's market capitalisation nearing Rs 1.4 lakh crore. The initial public offering (IPO) raised an impressive Rs 6,560 crore and received overwhelming subscriptions totalling Rs 3.23 lakh crore, marking it as one of the most successful IPOs in Indian history.



The IPO, which was open for bidding from September 9 to September 11, saw shares offered in a fixed range of Rs 66-70 per share. The strong demand was evident as the overall subscription reached an astonishing 63.61 times, with the quota for qualified institutional buyers (QIBs) booked a staggering 209.36 times. This unprecedented response highlights the confidence investors have in Bajaj Housing Finance and its potential for growth in the housing finance sector.



Investors who participated in the IPO are now reaping significant rewards, with profits amounting to Rs 17,120 per lot based on the opening price of Rs 150 on the National Stock Exchange (NSE). This impressive listing performance reflects the robust fundamentals of Bajaj Housing Finance, which is part of the well-respected Bajaj Group.



### Strong Market Response


The strong market response to Bajaj Housing Finance shares can be attributed to several factors. Firstly, the grey market premium (GMP) before listing indicated a positive outlook among investors, with expectations of a listing gain between 104-105%. The actual debut exceeded these expectations, showcasing the company's strong brand and investor confidence.


The overwhelming subscription figures also demonstrate that Bajaj Housing Finance has captured the interest of both institutional and retail investors alike. The QIB portion alone attracted bids worth over Rs 2.60 lakh crore, underscoring the demand for shares in this newly listed company.



### Future Prospects


Looking ahead, analysts are optimistic about Bajaj Housing Finance's growth trajectory. With a focus on expanding its mortgage loan offerings and leveraging its parent company's reputation, there is potential for significant returns for long-term investors. Experts recommend holding onto shares for three to five years to fully benefit from anticipated growth in assets under management (AUM).


The company aims to utilise the proceeds from its IPO to bolster future business requirements and enhance lending capabilities. As the housing finance market continues to grow in India, Bajaj Housing Finance is well-positioned to capture a larger share of this expanding sector.



### Conclusion


https://vdbaa.com/fullpage.php?section=General&pub=514948&ga=g In summary, the listing bonanza of Bajaj Housing Finance shares has created a buzz in the financial markets, achieving an upper circuit at a remarkable premium over its IPO price. With a market capitalisation nearing Rs 1.4 lakh crore and substantial profits for investors, this IPO marks a significant milestone for both the company and its stakeholders. As Bajaj Housing Finance embarks on this new chapter, it is poised to become a key player in India's housing finance landscape, making it an attractive option for investors looking for long-term growth opportunities.


Citations:

[1] https://www.businesstoday.in/markets/company-stock/story/bajaj-housing-finance-shares-make-strong-market-debut-stock-lists-at-114-premium-446033-2024-09-16

[2] https://www.moneycontrol.com/news/business/markets/bajaj-finance-bajaj-finserv-rise-up-to-3-ahead-of-bajaj-housing-finance-listing-12821271.html

[3] https://economictimes.indiatimes.com/markets/stocks/news/got-lucky-in-bajaj-housing-ipo-analysts-suggest-to-hold-it-for-long-term/articleshow/113378288.cms

[4] https://www.financialexpress.com/market/bajaj-housing-finance-ipo-2024-live-updates-listing-details-gmp-today-grey-market-allotment-status-kfintech-ipo-news-3611802/

[5] https://tv9gujarati.com/business/bajaj-housing-finance-shares-listing-bonanza-for-ipo-investors-1092132.html

[6] https://marathi.indiatimes.com/business/share-bazaar/bajaj-housing-finance-listing-update-bonanza-for-ipo-investors-share-makes-stellar-debut-with-114-percent-premium/articleshow/113379063.cms

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