Bajaj Housing Finance IPO Listing its share price September 16,2024: Bajaj Housing Finance IPO list at 150 on NSE, BSE at 114% premium.
Bajaj Housing Finance IPO listing: Bajaj Housing Finance share price and IPO listing September 16,2024. Shares of Bajaj finance were listed on NSE and BSE at 150 a premium of 114% was gained at listing it issued price was 70.
Bajaj Housing Finance: A Major First Market Deal Bajaj Housing Finance Ltd. (BHFL), a subsidiary of Bajaj Finance, hit the headlines in September 2024 with its massive IPO. The stock rose 135.71 above its issue price to close at Rs 165 per share on the National Stock Exchange (NSE). This strong IPO resulted in high interest from investors, and the high price of the initial public offering (IPO) has a lot of support, especially from institutional investors, and the total rate subscription 63.6x. ### IPO Success and Market Position .
Issue price:
The IPO included a fresh issue of shares of Rs 3,560 million and an offer for sale (OFS) by Bajaj Finance of Rs 3,000 crore. The stock was initially priced between Rs 66 and Rs 70, but investor enthusiasm pushed the share price to Rs 150 during the launch and quickly touched Rs 165 at the end of the day. This strong IPO shows investor confidence in BHFL’s growth and the breadth of the housing finance sector. ### Strong initiatives driving growth Bajaj Housing Finance has shown impressive growth, growing at a compound annual growth rate (CAGR) of 30-32% last year.
Company growth rate
The company’s success stems from its focus on digitalization, which has improved lending processes and customer experience, especially for white-collar workers – key people in mortgage finance. In fact, consumers account for 88% of the company’s mortgages, reflecting its leadership in the prime home loan segment. BHFL’s ability to attract high-quality customers, combined with its strategic use of technology, has allowed it to maintain competitive advantages over smaller players and rivals such as LIC Housing Finance, which saw its stock dip following BHFL’s IPO. ### Outlook and Future Potential Looking ahead, analysts are optimistic about the stock’s future, given the company’s sustained growth momentum and its strategic initiatives to expand its capital base through the IPO.
FUTURE PLANS:
The proceeds will help BHFL meet its future capital requirements, positioning the company for long-term growth. Additionally, the regulatory mandate by the Reserve Bank of India (RBI) for non-banking financial companies (NBFCs) to list on stock exchanges by 2025 further underscores the significance of this IPO for Bajaj Housing Finance. Overall, BHFL’s market debut is a testament to its strong fundamentals, robust demand, and investor confidence, making it a company to watch in the housing finance sector. Puna: Livemint, Rediff.
