Thu Sep 05 05:17:49 UTC 2024: – India’s Largest Regional Retail Option Traders Summit (BOTS) organized by Traders Gurukul is held every month across top cities in India
– Analysts predict a 5 percent upside for Bajaj Finance if Bajaj Housing Finance lists strongly with a 50 percent premium
– Despite potential upside, brokerage maintains ‘underperform’ rating on Bajaj Finance with a target price of Rs 6,300
– RoE for Bajaj Finance expected to decrease from 15 percent to 12 percent post-IPO due to equity dilution
– Bajaj Housing Finance to open its IPO on September 9 with a price band of Rs 66-70 per share
– Issue includes a fresh issue of up to Rs 3,560 crore and offer for sale of up to Rs 3,000 crore by Bajaj Finance
– Anchor bidding to commence on September 6 with issue closing on September 11
– Bajaj Housing Finance aligns with RBI’s requirement for NBFCs to list within three years by September 2025
– Bajaj Housing Finance serves over 76.5 million customers nationwide for home and commercial space financing

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