On September 16, 2024, Bajaj Housing Finance shares made a notable debut on the BSE and NSE, listing at ₹150 each—an impressive 114% premium over their IPO price of ₹70. This substantial gain reflects a robust market reception, as the company’s IPO, valued at ₹6,560 crore, saw overwhelming interest with total subscriptions reaching ₹3.23 lakh crore. Investors who acquired shares at the IPO price have realized a profit of ₹17,120 per lot.
Given the strong debut and favorable outlook for the housing finance sector, experts recommend holding onto the shares for potential long-term gains. Narendra Solanki, Head of Equity Research at Anand Rathi Shares & Stock Brokers, suggests investors should retain their stock for future growth.
The IPO was part of the Reserve Bank of India’s directive for upper-layer non-banking finance companies to list by September 2025. Bajaj Housing Finance, registered with the National Housing Bank in September 2015, is a non-deposit-taking housing finance company specializing in a range of mortgage products including home loans, loans against property, and developer financing. The funds raised will bolster the company’s capital base for future growth.
