Similarly, on the NSE too, Bajaj Housing Finance shares listed at Rs 150, commanding a premium of 1114.28 per cent on Monday.
Consequently, the debut yielded a remarkable return of over 108 per cent per share for investors, exceeding expectations. meanehile, the current market capitalisation of Bajaj Housing Finance stands at Rs 1,27,270.74 crore on the NSE.
Ahead of the listing, the unlisted shares of Bajaj Housing Finance were trading at a premium of Rs 75 in the grey markets, which translates to a GMP of 107.14 per cent, reflecting favourable market debut for the company’s shares.
The public issue received a massive response from investors, as it received bids for 46,28,35,82,522 shares against 72,75,75,756 shares offered in the IPO, thus getting subscribed 63.61 times by the final day of subscription.
Bajaj Housing Finance IPO details
Bajaj Housing Finance IPO, a book-built issue of Rs 6,560.00 crore, comprised a fresh issue of 508,571,429 shares and an offer for sale of 428,571,429 shares with a face value of Rs 10 each. The issue was available at a price band of Rs 66-70, with a lot size of 214 shares. Bajaj Housing Finance IPO raised Rs 1,758.00 crore from anchor investors concluded on September 6, 2024.
Bajaj Housing Finance will utilise the net proceeds from the fresh issue of the IPO towards augmenting the capital base to meet future business requirements of the company towards onward lending.
About Bajaj Housing Finance
Bajaj Housing Finance is a subsidiary of Bajaj Finance — one of the most diversified NBFCs in the Indian market. Headquartered in Pune, Bajaj Housing Finance offers finance to individuals as well as corporate entities for the purchase and renovation of homes or commercial spaces. It also provides loans against property for business or personal needs, as well as working capital for business expansion purposes. BHFL also offers finance to developers engaged in the construction of residential and commercial properties, as well as lease rental discounting to developers and high-net-worth individuals.
First Published: Sep 16 2024 | 10:01 AM IST
