Mon Sep 16 09:53:08 UTC 2024: ## Bajaj Housing Finance IPO Lists With 114% Gain, Investors Rejoice
**Mumbai, India:** Bajaj Housing Finance, a subsidiary of the Bajaj Group, made its stock market debut today with a spectacular 114% listing gain, exceeding the expectations of investors. The IPO, which opened at an upper price band of ₹70, surged to ₹150 at listing, marking a double-digit return for investors on the first day itself.
The IPO had already garnered immense interest from the market, attracting bids worth ₹3.24 lakh crore against an offering of ₹6,560 crore, making it over 64 times subscribed. The retail investors’ portion was 7.04 times subscribed, while the qualified institutional buyers (QIB) portion was 209.36 times subscribed.
Experts are bullish about the long-term potential of Bajaj Housing Finance, citing its strong business model and the positive outlook for the housing sector, which is anticipated to maintain growth for the next 3-4 years. They advise short-term investors to book profits and suggest new investors wait for a potential correction before entering the market.
However, despite the massive listing gain, investors are urged to exercise caution and seek expert advice before making any investment decisions, as the stock market is inherently risky.
First Piper 