Bajaj Housing Finance Listed at Rs 150, Investor Gains 114%

The IPO of Bajaj Housing Finance was open for subscription from September 9 to September 11, 2024. It is set to be listed on exchanges like NSE and BSE on September 16, 2024. The company had issued 937,142,858 shares of which 508,571,429 shares worth Rs.3,560 Crores are offered through a fresh issue, and 428,571,429 shares worth Rs.3,000 Crores are offered through an offer for sale. 

The IPO was subscribed 67.43 times the issue price leading to the last grey market premium(GMP) of Rs.75. The issue price of Bajaj Housing Finance Limited was at a price band of Rs.66 to Rs.70 and the company was listed in the exchange at Rs.150 which is a 114% increase from the allotment price.  Bajaj Housing Finance share has hit the upper circuit for the day, with the price reaching Rs. 165.

Bajaj Housing, is an HFC registered with the National Housing Bank since 2015, specializes in mortgage lending. It offers a range of products including home loans, loans against property (LAP), lease rental discounting, and developer financing, with a primary focus on individual retail housing loans. The company operates 215 branches across 174 locations in 20 states and three union territories. In December 2023, it became a corporate agent with IRDAI, expanding its offerings to include life, general, and health insurance, providing additional fee-based income.

To understand more about this stock you can check out our article on Bajaj Housing Finance IPO analysis on Rupeezy’s Blog. The article explores the company’s financial health, competitive advantages, and the reasons behind the strong market response to its IPO. This analysis is crucial for investors aiming to make informed decisions.

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