Bajaj Housing Finance Makes Debut at ₹150, Trading at 114% Premium Over Issue Price

Bajaj Housing Finance Limited made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at ₹150 per share, reflecting a 114% premium over its issue price of ₹70 per share.

The Bajaj Group’s housing finance subsidiary attracted significant attention, with its IPO being the most sought-after of the year. The public issue was oversubscribed by 63.61 times on its final day, with institutional investor quotas being subscribed more than 200 times.

The IPO was valued at ₹6,560 crore, but the subscription reached an impressive ₹3.23 lakh crore.

The offering comprised both an Offer for Sale (OFS) and a fresh issue. The OFS amounted to ₹3,560 crore, with proceeds going directly to the company’s promoters, while the fresh issue raised ₹3,000 crore for the company itself.

The subscription details were as follows: the institutional quota was oversubscribed 209.36 times, the non-institutional quota 41.36 times, the retail quota 7.04 times, the employee quota 2.05 times, and the shareholder reservation portion 17.53 times.

The IPO was open from September 9 to September 11, with a price range set between ₹66 (lower end) and ₹70 (higher end).

Bajaj Housing Finance Limited, a part of the Bajaj Group, provides loans to high-end individual homebuyers and large-scale developers in India. As of June 30, the company operated 215 branches across the country.

At 10:44 a.m., the Sensex was up by 132 points or 0.16% at 83,023, while the Nifty increased by 45 points or 0.18% to 25,401. Both indices reached new all-time highs earlier in the trading session, with the Sensex hitting 83,184 and the Nifty 24,445.