Bajaj Housing Finance IPO Listing today multibagger debut on bse and nse investors get richer

Bajaj Group's recent IPO made a blockbuster debut on the stock market on Monday after receiving a record-breaking response. Bajaj Housing Finance's stock was listed on the market with a bumper premium of 114 percent. In this way, the stock gave multibagger returns to its investors as soon as it was launched in the market.

Bumper premium listing of Bajaj Housing

Shares of Bajaj Housing Finance were listed on BSE this morning at Rs 150 with a premium of Rs 80, i.e. 114.29 per cent. Similarly, shares of Bajaj Housing Finance were listed on NSE at Rs 150 with a premium of Rs 80, i.e. 114.29 per cent.

Investors earned this much on each lot

In this IPO of Bajaj Group, the company had fixed the price band of the shares at Rs 66-70. If compared to the upper price band, then with the listing, investors have earned Rs 80 per share. One lot of the IPO included 214 shares. In this way, investors had to invest at least Rs 14,980 to subscribe to this IPO of Bajaj. After listing, the value of one lot has increased to Rs 32,100. That is, investors have earned Rs 17,120 on each lot.

Bumper response received from investors in every category

Bajaj Housing's IPO opened for subscription on 9 September and bidding was done till 11 September. As soon as the IPO was launched, investors flocked to it. The IPO received the highest subscription of 222.05 times in the QIB category. Similarly, NII subscribed 43.98 times, retailers 7.41 times, employees 2.13 times and investors from other categories subscribed 18.54 times.

Bajaj's IPO made many records

Bajaj Housing Finance's IPO received more than 89 lakh applications in three days. This is the largest number of applications received for any Indian IPO. Investors placed bids of Rs 3.23 lakh crore for this IPO of about Rs 6,500 crore. Tata Technologies' recently launched Rs 3,000 crore IPO received bids of more than Rs 1.5 lakh crore. The record for the highest bid was held by Coal India. That IPO, which came in 2010, received bids of Rs 2.36 lakh crore instead of Rs 15,500 crore.

Working in housing finance since 2015

Bajaj Housing Finance is registered with the National Housing Bank as an HFC i.e. Housing Finance Company since 2015. The company's IPO included a fresh issue of shares worth Rs 3,560 crore and an offer for sale of Rs 3,000 crore. The company is going to use the money raised from the IPO in the business of distributing loans to customers.

Also read: These investors hit the jackpot! Did you get Bajaj Home Finance stocks?

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