Bajaj Housing Finance shares listing bonanza: The Rs 6,560-crore initial public offer (IPO) of Bajaj Housing Finance received an overwhelming response, with subscriptions totaling Rs 3.23 lakh crore. The listing implies a profit of Rs 17,120 per lot for investors.
- Gold Rallies to record high on US rate-cut optimism
- As Expected MCX Naturalgas Kiss High 201, Check My Final Target
- As Expected MCX Silver Kiss High 87,300. Check Next Big Target
- As Expected MCX Gold Kiss High 72,880. Check My Final Target
- ट्रेडिंग प्लान: क्या अमेरिकी सीपीआई डेटा के बाद निफ्टी और बैंक निफ्टी में उछाल आएगा?
Bajaj Housing Finance shares listed today on the BSE and NSE with a high premium.
Bajaj Housing Finance shares made a strong debut on stock markets on Monday, September 16, listing at Rs 150 per share on both NSE and BSE, with a premium of 114 percent over the IPO issue price. Bajaj Housing Finance shares were allotted to successful IPO bidders on September 13 at an issue price of Rs 70 per share.
Bajaj Housing Finance listing gains of Rs 80 per share were slightly above the stock’s grey market premium. The firm’s shares were trading with a GMP of Rs 75 on the morning of September 16, according to a few platforms that track grey market activity.
The Rs 6,560-crore initial public offer (IPO) of Bajaj Housing Finance received an overwhelming response last week, with subscriptions totaling Rs 3.23 lakh crore.
Analysts believe the firm’s strong fundamentals and the positive outlook for the housing finance sector could lead to higher returns over time. Those who have been allotted shares are advised to hold on to them to benefit from the company’s future growth. Narendra Solanki, Head of Equity Research (Fundamental) at Anand Rathi Shares & Stock Brokers, recommends investors to keep the stock for long-term gains.
The IPO was conducted to comply with the Reserve Bank of India’s (RBI) regulations, which require upper-layer non-banking finance companies to list on stock exchanges by September 2025. Funds raised from the fresh issue will be used to strengthen the company’s capital base for future needs.
Bajaj Housing Finance, registered with the National Housing Bank in September 2015, is a non-deposit-taking housing finance company. It offers financial solutions for purchasing and renovating residential and commercial properties.
Classified as an “upper layer” NBFC by the RBI, the firm provides a range of mortgage products, including home loans, loans against property, lease rental discounting, and developer financing.
Bajaj Housing Finance IPO 2024 Live Updates:
- IPO Dates: September 9 – September 11, 2024
- Price Range: Rs 66 to Rs 70 per share
- Lot Size: Minimum bid of 214 shares
- Total Amount to be Raised: Rs 7,000 crore
- Fresh Equity: Rs 4,000 crore
- Offer for Sale (OFS): Rs 3,000 crore
The allotment status can be checked on the website of registrar of the issue, Kfin Technologies.
Tata Technologies set the previous record with bids over Rs 1.5 lakh crore for its Rs 3,000 crore initial public offering. The first Tata Group company to go public in almost 20 years, Tata Technologies, has set a price range of Rs 475–500 per share for its initial public offering.
1. Visit the official website of NSE at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
2. On the homepage, choose ‘Click here to sign up’ option to register with PAN
3. Insert your password, user name and captcha code
4. On the next page, check the status of your IPO allocation
Disclaimer: Goldsilverreports.com provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
