Initial Public Offering Success: Bajaj Housing Finance Market Insights

Bajaj Housing Finance have a remarkable introduction on the stock market , with its share monetary_value doubling upon list . The share were list at a premium of 114.29 % to the issue monetary_value , both on the BSE and NSE , bespeak a strong demand for its initial populace offer ( IPO).

The initial_public_offering of Bajaj Housing Finance receive an overwhelm response , with the subscription exceed 3 lakh crore . The company receive command for More than 4,628 crore equity share , against the 72.75 crore share offer . This strong demand light-emitting_diode to the share application being value at nearly 3.24 lakh crore.

The initial_public_offering procedure for Bajaj Housing Finance get_down on September 9 and end on September 11 , with the allotment finalize on September 12 . The list date was set for September 16 . The monetary_value set for the initial_public_offering was between 66 to 70 per share , and the company raise a sum of 6,560 crore from the issue.

Kotak Mahindra Capital Company Ltd , Axis Capital , BofA Securities India Ltd , Goldman Sachs ( India ) Securities , JM Financial , SBI Capital Markets , and IIFL Securities were the book run lead director for the initial_public_offering . Kfin Technologies serve as the initial_public_offering registrar for Bajaj Housing Finance.

Bajaj Housing Finance Ltd. is the large not - deposit - pickings HFC promote by Bajaj Finance Ltd. and has been actively prosecute in mortgage lending since FY18 , with an asset under management ( AUM ) of 97,071 crore . The company 's Aum_Shinrikyo has show consistent growth , with analyst predict a promise future for Bajaj Housing Finance to capitalize on industry demand and deliver impressive growth in the future.

analyst recommend that investor who were assign Bajaj Housing Finance share should clasp their position from a medium to hanker - term position for potential tax_return . The strong list performance and positive mentality bespeak a bright future for Bajaj Housing Finance in the finance industry.