Bajaj Housing Finance Limited has added a big achievement to its name as soon as it got listed in the stock market. The company became the most valuable housing finance company in the country on the day of listing. The stock of Bajaj Housing Finance Limited had a very good start in the market. The company’s stock closed at Rs 165, up about 136 percent from the issue price of Rs 70 in the first day of trading. Due to a strong rise in the share price, the market capitalization of Bajaj Housing Finance Limited stood at Rs 1,37,406.09 crore at the end of trading. With this, Bajaj Housing Finance became the most valuable housing finance company in the country.
These companies were left behind
Housing and Urban Development Corporation (HUDCO) is in second place with a market valuation of Rs 49,476.96 crore. After this, LIC Housing Finance is at third place with a valuation of Rs 37,434.54 crore and PNB Housing Finance is at fourth place with a valuation of Rs 27,581.41 crore. Bajaj Housing Finance’s Rs 6,560 crore initial public offering (IPO) received 63.60 times subscription on September 11, the last day of bidding. The price range for the issue was kept at Rs 66-70 per share.
Listing in the market became necessary
The share sale was done in compliance with the rules of the Reserve Bank of India. According to this, it is necessary for leading non-banking financial companies to be listed in the stock markets by September 2025. This firm provides finance for the purchase and renovation of residential and commercial properties.
Shares rose 136 percent on the first day
Bajaj Housing Finance Limited’s stock made a strong debut in the market on Monday. During this, the company’s stock closed with a huge jump of about 136 percent against the issue price of Rs 70. Bajaj Housing Finance shares were listed on BSE and NSE at Rs 150, up 114.28 per cent from the issue price. The company’s stock on BSE rose 135.7 per cent to close at Rs 164.99, its upper circuit limit.
