Bajaj Housing Finance shares made a strong debut on stock markets today after pre-listing indicative price was at ₹150 per share on both NSE and BSE- a premium of 114 per cent over the IPO issue price. The company - the second-biggest home loan financier in the country by assets under management (AUM) and the hottest float this year - attracted bids worth about $38.60 billion last week.
Shares of Bajaj Housing Finance is India's second-largest home loan provider and attracted bids of approximately $38.60 billion last week. (File Photo)
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Ahead of the listing, the company's shares traded with a GMP of 120% to the issue price. The ₹6,560 crore IPO of Bajaj Housing Finance was subscribed nearly 67 times the shares on offer.
Master Capital Services on the IPO, “Investors should consider a medium- to long-term investment in Bajaj Housing Finance due to its strong growth, extensive presence in the housing finance industry, reputable group and management heritage, and competitive valuation compared to peers.”
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Master Capital Services on the IPO, “Investors should consider a medium- to long-term investment in Bajaj Housing Finance due to its strong growth, extensive presence in the housing finance industry, reputable group and management heritage, and competitive valuation compared to peers.”
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