Mon Sep 16 17:29:59 UTC 2024: ## Bajaj Housing Finance Soars on Listing Day, Housing Finance Sector Booms

**Mumbai, September 16, 2024:** Bajaj Housing Finance made a stellar debut on the stock market today, surging nearly 136% on its listing day, more than doubling the money for IPO investors. The shares were listed at Rs 150 apiece on both NSE and BSE, a 114% premium over the IPO issue price of Rs 70. The stock continued its upward momentum, closing the day at Rs 164.99, representing a total gain of 135.7% for IPO investors.

The IPO for Bajaj Housing Finance, backed by the Bajaj Group, received a record-breaking subscription of Rs 3.23 lakh crore last week. This remarkable listing has catapulted Bajaj Housing Finance to the position of India’s most valuable housing finance company, with a market capitalization of Rs 1.37 lakh crore.

The company’s strong financial performance further underscores its success. In FY24, Bajaj Housing Finance reported a 38% year-on-year increase in profit after tax (PAT) to Rs 1,731.22 crore, with total income reaching Rs 7,617.71 crore.

This strong debut by Bajaj Housing Finance has breathed new life into the housing finance sector, with other players also experiencing positive performance.

**Key Housing Finance Companies in India:**

* **HUDCO:** The public sector company specializing in housing and urban development financing, reported a 24% PAT growth in 2024, with profits of Rs 2,116.69 crore and a total income of Rs 8,156.61 crore.
* **LIC Housing Finance:** Another PSU, LIC Housing Finance achieved a remarkable 65% PAT growth in 2024, reaching Rs 4,759.56 crore in profits on a total income of Rs 27,277.80 crore.
* **PNB Housing Finance:** This PSU also saw impressive performance with a 44% growth in profits, reaching Rs 1,508.01 crore on a total income of Rs 7,240.36 crore.
* **Aadhar Housing Finance:** Backed by Blackstone, Aadhar Housing Finance achieved a 38% growth in PAT, recording profits of Rs 749.64 crore on a total income of Rs 2,587 crore.
* **Aptus Value Housing Finance India:** Aptus focused on lending to small borrowers in semi-urban and rural areas, achieving a 22% PAT growth in 2024, with profits of Rs 611.90 crore and a total income of Rs 1,416.84 crore.
* **Aavas Financiers:** Aavas Financiers, known for financing low- and middle-income households, saw a 14% PAT growth in 2024, reaching Rs 490.69 crore in profits on a total income of Rs 2,020.30 crore.
* **Sammaan Capital:** Despite a modest 8% PAT growth in 2024, Sammaan Capital continues to play a role in the housing finance sector, with profits of Rs 1,216.97 crore on a total income of Rs 8,738.88 crore.
* **Can Fin Homes:** The PSU reported a 21% growth in PAT in 2024, reaching Rs 750.70 crore in profits on a total income of Rs 3,524.69 crore.
* **Home First Finance Company India:** Home First Finance achieved a 34% PAT growth in 2024, reaching Rs 305.72 crore in profits on a total income of Rs 1,156.55 crore.

The strong performance of these housing finance companies, coupled with the spectacular debut of Bajaj Housing Finance, points to a promising future for this vital sector in India.

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