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

Bajaj Housing Finance IPO Listing: Details, GMP Clues, and Investor Expectations
Real Estate News:Bajaj Housing Finance is set to make a strong debut on the stock exchanges, with its shares scheduled to list on both BSE and NSE on Monday, September 16, at 10 AM.

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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