Bajaj Housing Finance IPO Listing LIVE: Market Capitalization Doubles on Blockbuster Debut
Bajaj Housing Finance shares open at Rs 150 per share with 114% premium over IPO price, market capitalization doubles on listing day
Bajaj Housing FinanceIpo ListingStock MarketMarket CapitalizationSanjiv BajajBajaj FinanceNbfcHousing Finance CompanyReal Estate NewsSep 16, 2024
The sharp premium suggests that the IPO was well-received, possibly due to favorable market conditions, strong business fundamentals, or positive market sentiment around the company's future performance.
As of Q1 FY25, the company, backed by Bajaj Finance, boasts an Assets Under Management (AUM) of Rs 97,100 crore, making it the largest non-deposit-taking housing finance company (HFC). Between FY22 and FY24, its AUM grew by 31%, while profits surged by 56%.
Do not expect any challenges in raising money, says Sanjiv Bajaj after the blockbuster listing.
Bajaj Housing Finance had a blockbuster debut, with its market capitalization doubling on its listing day. The company launched a Rs 6,560 crore IPO, which was oversubscribed 67.4 times, thanks to strong investor demand, particularly from institutional buyers. The IPO received bids worth Rs 3.2 lakh crore, indicating massive interest.
Bajaj Finance is an Indian non-banking financial company (NBFC) that provides consumer finance, SME finance, commercial lending, and wealth management services. The company is a subsidiary of Bajaj Finserv, which is a part of the Bajaj Group, one of India's oldest and most respected business conglomerates.
Frequently Asked Questions
What is the IPO price of Bajaj Housing Finance?
The IPO price of Bajaj Housing Finance is Rs 69 per share.
What is the market capitalization of Bajaj Housing Finance on its listing day?
The market capitalization of Bajaj Housing Finance doubled on its listing day, reaching a total of Rs 1,32,800 crore.
What is the AUM of Bajaj Housing Finance as of Q1 FY25?
The AUM of Bajaj Housing Finance as of Q1 FY25 is Rs 97,100 crore.
Who is the chairman of Bajaj Housing Finance?
Sanjiv Bajaj is the chairman of Bajaj Housing Finance.
What is the parent company of Bajaj Housing Finance?
Bajaj Finance is the parent company of Bajaj Housing Finance.
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