Mon Sep 16 05:59:53 UTC 2024: ## Bajaj Housing Finance Shares Soar on Stellar Listing, Boosting Bajaj Finserv

**Mumbai, India** – Bajaj Housing Finance shares made a triumphant debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, with shares closing at Rs 150, a whopping 114% premium to the initial public offering (IPO) price of Rs 70. The strong listing fueled optimism across the Bajaj Group, with shares of Bajaj Finserv, the promoter of Bajaj Housing Finance, hitting a fresh 52-week high of Rs 1920.85.

The positive sentiment surrounding Bajaj Housing Finance’s listing was evident in the pre-IPO trading, with shares commanding a grey market premium (GMP) of Rs 73-75. The strong performance was attributed to the company’s robust growth prospects in the housing finance sector.

The successful IPO raised a total of Rs 6,560 crore, including a fresh share sale of Rs 3,560 crore and an offer-for-sale (OFS) worth Rs 3,000 crore by Bajaj Finance. Bajaj Housing Finance, incorporated in 2008, is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB) since 2015.

While Bajaj Housing Finance shares surged on their listing, the performance of Bajaj Finserv shares also reflected the positive sentiment. The stock opened higher at Rs 1,900 and climbed to a 52-week high, indicating investor confidence in the company’s future performance.

Bajaj Finance shares also experienced a positive response, rising 1.09% to Rs 7,680, fueled by the strong debut of Bajaj Housing Finance. The stock’s performance signals a bullish sentiment and its position in the overbought zone, with a relative strength index (RSI) of 72.3.

The successful listing of Bajaj Housing Finance marks a significant milestone for the company and the Bajaj Group, solidifying their position in the Indian financial market. Investors anticipate continued growth and strong performance from both Bajaj Housing Finance and Bajaj Finserv in the coming months.

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