Mon Sep 16 05:59:56 UTC 2024: ## Bajaj Housing Finance IPO Makes a Spectacular Debut on the Stock Market
Bajaj Housing Finance, a non-deposit taking housing finance company, had its Initial Public Offering (IPO) open for subscription from September 9th to 11th, 2024. The IPO was a resounding success, garnering a total subscription of 67.43 times.
The company’s shares debuted on the BSE and NSE on Monday, September 16th, with an impressive premium of 114.29%, opening at ₹150, significantly higher than its IPO price of ₹70. The listing witnessed a surge in investor interest, pushing the share price further up by over 6% to ₹160 on both exchanges.
The IPO was well-received by various investor categories. The retail portion was subscribed 7.41 times, while Non-Institutional Investors (NII) subscribed 43.98 times. Qualified Institutional Buyers (QIB) showed strong interest, subscribing 222.05 times.
The total size of the IPO was ₹6,560 crore. Retail investors could invest in a minimum of 1 lot and a maximum of 13 lots, each consisting of 214 shares, costing ₹14,980.
Bajaj Housing Finance, founded in 2008, is registered with the National Housing Bank since 2015. The company’s strong performance in the IPO reflects investor confidence in the Indian housing finance sector and Bajaj Housing Finance’s potential for growth.
First Piper 