Bajaj Housing Finance IPO Listing: Details, GMP Clues, and Investor Expectations
Bajaj Housing Finance shares are trading at a grey market premium of 113% over the issue price, signaling potential mega listing gains for investors.
Bajaj Housing Finance IpoGmpListingStock MarketHousing FinanceReal Estate NewsSep 15, 2024
The company's shares are trading at a grey market premium (GMP) of 113% over the issue price, signaling potential mega listing gains for investors. If current trends hold, early IPO investors could potentially double their money upon listing.
The company's ₹6,560 crore initial public offering (IPO) garnered immense investor interest, with subscriptions reaching 67.4 times, showcasing the market’s confidence in Bajaj Housing Finance's strong fundamentals. This high demand has pushed the IPO GMP to ₹79 per share, indicating a significant premium over the issue price just before the listing date.
The robust response is reflective of Bajaj Housing Finance’s consistent financial growth and solid backing from its parent company, Bajaj Finance. The firm has reported a net profit of ₹1,731 crore for FY24, marking a 38% year-on-year increase, while net income grew by 34% to ₹7,618 crore during the same period. The proceeds from the IPO will be used to strengthen the company’s capital base to meet future business requirements.
Analysts are optimistic about the listing, with some predicting that the stock could deliver multibagger returns. Prashanth Tapse, Sr VP Research at Mehta Equities, suggests that conservative investors consider profit booking if the listing gains exceed expectations, while long-term investors should hold for future growth, given the sector's positive outlook. \
Frequently Asked Questions
What is the expected listing date of Bajaj Housing Finance IPO?
September 16
What is the grey market premium of Bajaj Housing Finance IPO?
113% over the issue price
How can I check the allotment status of Bajaj Housing Finance IPO?
On the Registrar’s Portal or on the BSE/NSE websites
What is the business model of Bajaj Housing Finance?
Non-deposit-taking housing finance company offering mortgage products
Who is the parent company of Bajaj Housing Finance?
Bajaj Finance
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