Bajaj Housing Finance IPO Highlights: Bajaj Housing Finance shares were listed on both the BSE and NSE at 10 AM on Monday, September 16. Ahead of the listing, the Gray Market Premium (GMP) for the company’s IPO surged to around Rs 79 on allotment day, reflecting a premium of over 100%. This significant rise in GMP underscores strong investor demand for Bajaj Housing Finance shares. Also, a grey market premium over 100% suggests that investors’ money may double on the listing day. The allotment of the shares was finalised on September 12, a day after the issue closed i.e. September 11. Bajaj Housing Finance is the second biggest housing finance company in India, as per assets under management, trailing LIC Housing Finance.
Live Updates
Bajaj Housing Finance IPO 2024 Highlights, Listing Details, KFintech Allotment Status, GMP, When and Where to Check
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance key player in Housing Finance section
As of June 30, 2024, Bajaj Housing Finance is amongst the most diversified housing finance company across the country. It offers the full suit of mortgage lending products. Its AUM mix comprises of
-Housing loans
-Rental lease
-Loan against property
-Other products
That apart the NPA levels are also amongst the lowest in the industry
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance sees stellar listing
Bajaj Housing Finance sees stupendous response. The gains for IPO investors have more than doubled after listing. However more analysts are worried that many a times, retail investors are only applying for listing day gains without adequate attention to the fundamentals of many of the companies that are listing or declared IPO plans.
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance listing bonanza
The market cap for Bajaj Housing now tops Rs 1 lakh crore. The stock is currently trading at almost 135% premium to the issue price. It got listed early this morning after stupendous response to the public issue.
Bajaj Housing Finance IPO 2024 Live Updates: Bajaj Housing Finance hits a high of Rs 160 a share
It’s a stellar listing from Bajaj Housing Finance. The stock hit a intra-day high of Rs 160 per share on day 1 of trade. As of FY24, Bajaj Housing Finance has the second highest disbursal at Rs 44,660 crore. LIC saw the maximum disbursal in FY24 at Rs 58,940 crore.
Bajaj Housing Finance IPO 2024 Live Updates: About The Anchor Book
Bajaj Housing Finance’s IPO raised Rs 1,758 crore through anchor investors, with a total of 251,142,856 shares offered. The lock-in period for 50% of the shares (30 days) ends on October 12, 2024, while the lock-in period for the remaining shares (90 days) concludes on December 11, 2024.
Bajaj Housing Finance IPO Listing Live Updates IPO News: Bajaj Housing sharp selling
Shares of Bajaj Housing Finance reahced as much as 6.8% from its intraday high of Rs 161.
Bajaj Housing Finance IPO Listing Live Updates IPO News:
Bajaj Housing Finance IPO lists at Rs 150 on the National Stock Exchange, a premium of 114% to the issue price.
Bajaj Housing Finance IPO Listing Live Updates IPO News: Share allotment details
Bajaj Housing Finance’s registrar allotted the shares to investors on September 12 and they were credited in the D’mat accounts on September 13. Meanwhile, the refund was initiated for the people who were not allotted the shares of Bajaj Housing Finance.
Bajaj Housing Finance IPO Listing Live Updates IPO News: Mehta Equities on Bajaj Housing Finance
Prashanth Tapse, Senior Vice President of Research at Mehta Equities in a morning comment said that Bajaj Housing Finance is set to list after receiving Rs 3.8 lakh crore worth of bids for its Rs 6,560 crore IPO. The stocks of the housing finance major had a grey market premium (GMP) above 100%, ahead of listing. The week ahead promises action on Dalal Street, with seven new public issues and 13 stock exchange debuts.
Bajaj Housing Finance IPO Listing Live Updates IPO News: Bajaj Housing Finance listing today
Bajaj Housing Finance to list today, September 16 on NSE and BSE. The company’s stocks were fetching a premium of 107% in the grey market, hinting towards doubling the money of investors. The grey market is an unofficial place where shares change hands illegally ahead of listing.
Bajaj Housing Finance IPO 2024 Live Updates: Brokerage Houses on Bajaj Housing Finance
Bajaj Housing Finance IPO 2024 Live Updates: Experts on Bajaj Housing Finance
Commenting on the Bajaj Housing Finance IPO listing Anshul Jain, Head of Research, Lakshmishree Investment & Securities said that the shares of Bajaj Housing Finance are scheduled to list on Monday, September 16, with anticipated gains of up to 120%, fueled by strong grey market premium (GMP) trends. Unlisted shares are currently trading at Rs 154 in the grey market, reflecting a 120% premium, highlighting strong investor interest and confidence in the company’s prospects. Investors are advised to keep an eye on the listing for potential substantial returns.
Bajaj Housing Finance IPO 2024 Live Updates: GMP gains over 120%
Bajaj Housing Finance’s Rs 6,560 crore initial public offering (IPO) attracted substantial investor interest, with subscriptions reaching 67.4 times, reflecting strong market confidence in the company’s robust fundamentals. The high demand has driven the IPO’s Gray Market Premium (GMP) to Rs 79 per share, signaling a notable premium over the issue price ahead of the listing date.
Welcome To the Bajaj Housing Finance Live Blog
Good morning, readers! Welcome to Financial Express’s live blog on Bajaj Housing Finance, where we provide rolling live news coverage of the stocks throughout the day.
Have a great day ahead. Good luck
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