Mon Sep 16 08:59:52 UTC 2024: ## Bajaj Housing Finance IPO Doubles Investors’ Money on Listing

**Mumbai, India:** Bajaj Housing Finance’s initial public offering (IPO) made a stellar debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday, delivering a whopping 114.29% premium over its price band. The shares were listed at ₹150, significantly surpassing the gray market premium of ₹145.

The IPO, which garnered an overwhelming response with over 3 lakh crore rupees in bids against a total offer size of ₹6,560 crore, saw investors doubling their money on the first day. Retail investors, who invested ₹14,980 for 214 shares, witnessed their investment skyrocket to ₹32,057, raking in a profit of over ₹17,000 per lot.

The IPO’s remarkable performance can be attributed to the strong demand it received from investors, especially from the Qualified Institutional Buyer (QIB) category, which saw a 222-fold subscription. The Non-Institutional Investors (NII) category witnessed 43.92 times subscription, while the retail portion was oversubscribed by 7.32 times.

Bajaj Housing Finance’s IPO secured the highest subscription amongst all IPOs in the QIB category this year, exceeding the subscription levels of Tata Technologies (203 times) and Premier Energies (212 times).

The IPO, open for retail investors from September 9 to 11, 2024, comprised a fresh issue of 50.86 crore shares worth ₹3,560 crore and an offer for sale of 42.86 crore shares worth ₹3,000 crore. The price band for the IPO was fixed at ₹66 to ₹70, with a lot size of 214 shares for retail investors.

**(Note: It is important to consult with a market expert before investing in any IPO.)**

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