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Today is Bajaj Housing Finance's IPO opening; the street knows listing gains of 70%.

September 9–11 is when the Bajaj Housing Finance IPO will be open. The price range for each share is set at Rs 66–70. In the unregulated market, shares of Bajaj Housing Finance are trading for between Rs 50 and Rs 51 a share.

Bajaj housing finance ipo ipo listing 70% today

Bajaj Housing Finance IPO: The eagerly awaited Rs 6,560-crore IPO (initial public offer) of the company will begin accepting subscriptions from the general public today, September 9, with a premium on the gray market indicating that investors anticipate significant listing returns.

On Friday, September 6, Bajaj Housing Finance raised Rs 1,758 crore from anchor investors. Two more home financing companies that have recently gone public on stock exchanges are Aadhar home financing and India Shelter Finance.

The September 9th opening of the Bajaj Housing Finance IPO will end on September 11th. For the first share sale, a price range of Rs 66–70 per share has been set. The company intends to increase the capital base in order to meet future capital requirements using the proceeds from the new issue.

Multiple systems that monitor premium activities in the grey market indicate that shares of Bajaj Housing Finance are fetching a GMP of Rs 50–51 per share, which indicates a premium of more than 70% in the unregulated market.

It is categorized as a “upper layer” NBFC in India by the RBI. It offers a broad variety of mortgage products, such as developer financing, home loans, loans secured by real estate, and lease rental discounting.

The housing lender recorded a net profit of Rs 1,731 crore for the entire fiscal year 2023–24, up 38% from Rs 1,258 crore in the previous year.

Bajaj Housing Finance filed preliminary documents with Sebi in June for an initial public offering (IPO) valued at about Rs 7,000 crore, which comprised Rs 4,000 crore in new shares and Rs 3,000 crore in OFS from the parent company. Earlier this month, the market regulator gave the go-ahead for the company’s first public offering.

On September 16, the shares will be up for sale on the exchanges.

Mrsinghtv.com

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