Mon Sep 16 08:59:54 UTC 2024: ## Bajaj Housing Finance Shares Soar on Bumper Debut

**Mumbai, India** – Bajaj Housing Finance, a non-deposit-taking housing finance company, made a triumphant debut on the stock market today, with its shares opening at ₹150, a staggering 114.29% higher than its issue price of ₹70. The IPO, which closed on Wednesday, September 11, was massively oversubscribed, with strong demand from institutional and retail investors alike.

The company, backed by the reputable Bajaj Group, had already garnered immense investor interest with a subscription rate of 67.4 times and a sky-high grey market premium (GMP) of ₹75.5. This strong performance is attributed to the company’s solid financial position and its ability to tap into the growing demand for housing finance in India.

Bajaj Housing Finance, with its ₹9,7071 cr AUM, is well-positioned to capitalize on the sector’s growth, having achieved a historical CAGR growth of 30.9% in AUM from Fiscal 2022 to 2024.

Analysts are bullish on the company’s future prospects, predicting continued growth in the housing finance sector. Several experts recommend investors to book profits on the listing day, given the significant gains. However, long-term investors are encouraged to hold the shares, recognizing the company’s strong fundamentals and the positive outlook for the housing finance sector.

“The combination of strong financials, a reputable brand, and immense investor interest positions Bajaj Housing Finance for a potentially successful listing,” said Shivani Nyati, Head of Wealth of Swastika Investmart Ltd.

Bajaj Housing Finance’s successful debut is a testament to its strong brand, robust financial performance, and the bullish outlook for the housing finance sector. The company is poised to play a key role in the growth of this sector, with analysts expecting impressive growth in the coming years.

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