Bajaj Housing Finance Listing: Bajaj Housing Finance shares are set to double on their stock market debut on Monday, September 16, as indicated by the grey market premium (GMP). Bajaj Housing Finance was trading at a 107 per cent premium at Rs 145 against IPO priced at Rs 70 per share, according to InvestorGain data.
Bajaj Housing Finance shares were in high demand during the IPO which closed on September 11 when the IPO was registered 63.61 times, making it one of the best IPOs in the country so far. The company received bids worth Rs 3.24 lakh crore against an issue size of Rs 6,560 crore.
Bajaj Housing Finance sold shares in a price band of Rs 66-70 per share and raised Rs 6,560 crore. IPO which comprised a fresh issue of Rs 3,560 crore and an offer for sale worth Rs 3,000 crore.
A retail investor was allowed to bid for a minimum lot of 214 shares and a maximum of 13 lots. At the upper end of the price band, one lot of Bajaj Housing Finance shares were priced at Rs 14,980.
Bajaj Housing Finance raised Rs 1,758 crore from anchor investors, days before the initial opening of its share sale for public subscription.
Government of Singapore, Abu Dhabi Investment Authority, Fidelity, Morgan Stanley, Nomura, Goldman Sachs, JP Morgan India Investment Trust Plc, OSE Life Insurance Company, ICICI Prudential Life Insurance Company, HDFC Mutual Fund (MF), Kotak Mahindra Key investors included MF, SBI MF, UTI MF and Nippon India MF.
Last fiscal year (FY2023-24), the company reported a profit of Rs 1,731 crore, up 38 per cent from Rs 1,258 crore in FY23.
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