Bajaj Housing Finance’s value doubles to $16 bln in fourth-best Indian market debut this year
On Monday, shares of Bajaj Housing Finance surged more than twofold on their trading debut, marking the fourth-best major listing in the Indian IPO market this year. This boost values the company at $16 billion, nearly three times that of its closest competitor.
The impressive debut follows a highly successful $782 million initial public offering—India’s largest and most oversubscribed IPO of 2024. The strong interest is attributed to the booming demand for more expensive homes, Bajaj Housing’s association with the renowned Bajaj group, and its superior financial metrics compared to industry peers, including notably low bad loans.
Bajaj Housing’s shares opened at 150 rupees each, a 114% increase over the issue price of 70 rupees, making it the fourth-highest gain among mainboard IPOs this year.
Bajaj Housing Finance IPO Listing: Bajaj Housing Finance’s stellar debut leaves Kross and Tolins Tyres in the dark. Are they worth a long-term bet?
With all the limelight on the listing of Bajaj Housing Finance, it should be noticed that there are two other debuts on the Street today – Kross Ltd and Tolins Tyres.
Both these IPOs, which received good investor response last week, have seen muted debuts as the bumper Bajaj Housing listing sucked out all the attention.
05:09:50 PM IST, 16 Sep 2024
Beyond Bajaj Housing Finance: Check top 10 IPOs with over 100% listing day gain
Here are other top 10 IPOs with over 100% listing day gain since 2010.
04:46:39 PM IST, 16 Sep 2024
LIC Housing, PNB Housing shares fall 7% as Bajaj Housing Finance gets all the attention
LIC Housing Finance shares fell over 6% while those of PNB Housing Finance plunged nearly 7% as the stellar debut of Bajaj Housing Finance on Monday took away all the limelight from them. Bajaj’s multibagger debut saw the stock get listed at a premium of 114%.
04:20:05 PM IST, 16 Sep 2024
Bajaj Housing Finance IPO Listing Live: Bajaj Housing Finance shares close at Rs 164.99
Bajaj Housing Finance IPO Listing Live: Bajaj Housing Finance shares close at Rs 164.99, up 9.99% from the listing price of Rs 150.
02:55:44 PM IST, 16 Sep 2024
Post listing, we recommend conservative investors to choose profit booking, as listing gain is over and above our expectations, while long-term investors can continue holding for long-term growth as the sector outlook remains very optimistic given the company’s well-positioned business model. We believe housing as a sector will continue to deliver and perform well in the next 3-4 years and Bajaj Housing can tap the opportunity to lead the sector.
Bajaj Housing Finance IPO Listing Live | Missed the Bajaj Housing multibagger bus in IPO? Here’s what you can do now
While accumulating wealth over the long term often involves skill and temperament, making money through an IPO largely hinges on luck, as allocations are determined by a lottery system.
The high-profile listing of Bajaj Housing Finance’s IPO has fueled FOMO, with the stock debuting at a substantial premium of 115.29%with the Initial Price of Rs. 150/- and subsequently rising in Grey Market to over 107% after its initial listing.
Investors have doubled up the Profit Margin
On the first Day itself the stock market has provided huge margin to its bajaj Finance investors who have being allocated 214 shares worth RS. 14,980/-now they have gained the profit of over Rs. 17000/- . This is more than 100% of the profit that has been gained from stock market and has broken so many unsung Records.