Mon Sep 16 06:09:52 UTC 2024: ## Bajaj Housing Finance Makes a Spectacular Stock Market Debut

**Mumbai, September 16, 2024:** Bajaj Housing Finance, a non-deposit-taking housing finance company, made a triumphant entry into the stock market today, listing at ₹150 per share, a whopping 114.29% premium over its issue price of ₹70. The stock opened at 10:00 AM IST and saw robust trading throughout the day, showcasing the immense investor enthusiasm surrounding the company.

The initial public offering (IPO), which opened on September 9th, saw overwhelming subscription across all categories, with non-institutional investors (NIIs) bidding 41.51 times, qualified institutional buyers (QIBs) bidding 209.36 times, and retail investors bidding 7.04 times.

The strong performance of the IPO and the subsequent listing were fueled by several factors. Firstly, the company is backed by the reputable Bajaj Group, a name synonymous with trust and reliability. Secondly, Bajaj Housing Finance is well-positioned in the growing Indian housing finance sector, with an Asset Under Management (AUM) of ₹9,7071 crore.

Analysts believe the company’s strong fundamentals, combined with the robust market demand, will drive future growth.

**Market Experts’ Views:**

* **Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities:** Recommends conservative investors book profits, considering the listing gain exceeding expectations. Long-term investors can hold for future growth, given the optimistic outlook for the housing finance sector.
* **Shivani Nyati, Head of Wealth of Swastika Investmart Ltd:** Advises investors who secured allotments to consider booking profit now. However, those holding their positions should set a stop loss at ₹135 for risk management.

The listing of Bajaj Housing Finance marks a significant milestone for the company and reinforces the investor confidence in the Indian housing finance market.

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