Mon Sep 16 09:09:54 UTC 2024: ## Bajaj Housing Finance Makes Bumper Stock Market Debut, Shares Surge 114%

**Mumbai, India** – Bajaj Housing Finance, a non-deposit-taking housing finance company, made a spectacular debut on the stock exchanges today, with its share price opening at ₹150, a staggering 114.29% higher than the issue price of ₹70. The strong response from investors, evident in the IPO’s 63.61 times subscription, fuelled the stock’s impressive performance.

The IPO, which closed on September 11, saw overwhelming demand from all investor 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 company, backed by the reputable Bajaj Group, is well-positioned in the housing finance sector with ₹9,7071 crore in Assets Under Management (AUM). Bajaj Housing Finance aims to capitalize on the strong demand in the industry and deliver impressive growth in the future, mirroring its historical Compound Annual Growth Rate (CAGR) of 30.9% in AUM from Fiscal 2022 to 2024.

The IPO’s success reflects the confidence investors have in the company’s fundamentals and future growth potential. Analysts believe the housing sector is poised for strong performance in the next 3-4 years, and Bajaj Housing Finance is well-positioned to lead the sector.

While some analysts recommend conservative investors book profits after the initial surge, long-term investors are encouraged to hold their positions, anticipating continued growth. The strong performance of Bajaj Housing Finance is expected to continue, as the company leverages its strong brand and market position to capture a significant share of the growing housing finance market.

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