Bajaj Housing Finance IPO Set for Blockbuster Listing with Expected Multibagger Returns
Bajaj Housing Finance's IPO has garnered significant attention, with shares expected to offer substantial returns. The company's shares are trading at a premium in the grey market.
Bajaj Housing FinanceIpoGrey MarketMultibagger ReturnsStock MarketReal Estate NewsSep 15, 2024
Since the IPO was announced, Bajaj Housing Finance shares have been in high demand in the grey market, with the GMP continually rising. The current GMP for the stock is approximately Rs 84, representing a premium of nearly 120% over the issue price.
However, it is essential to note that grey market premiums are merely an indicator of how the company's shares are performing in the unlisted market and can change rapidly.
The Rs 6,560-crore IPO of Bajaj Housing Finance is the largest of the year so far and received a subscription rate of nearly 67 times the shares on offer.
With an AUM of Rs 97,100 crore as of Q1 FY25, the company is positioned as the largest non-deposit-taking HFC backed by Bajaj Finance. From FY22 to FY24, AUM grew by 31%, while profit increased by 56%.
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Frequently Asked Questions
What is the expected listing price of Bajaj Housing Finance shares?
The current GMP for the stock is approximately Rs 84, representing a premium of nearly 120% over the issue price.
What is the size of the Bajaj Housing Finance IPO?
The Rs 6,560-crore IPO of Bajaj Housing Finance is the largest of the year so far.
What is the AUM of Bajaj Housing Finance as of Q1 FY25?
The company has an AUM of Rs 97,100 crore as of Q1 FY25.
What is the growth rate of Bajaj Housing Finance's AUM from FY22 to FY24?
The AUM grew by 31% from FY22 to FY24.
What is the net profit of Bajaj Housing Finance for the fiscal year 2023-24?
The housing lender reported a net profit of Rs 1,731 crore for the fiscal year 2023-24.
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