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Business News/ Markets / Stock Markets/  Bajaj Housing Finance Share Price Updates: Stock ends at ₹165 apiece on NSE, 135.71% premium to IPO price
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Bajaj Housing Finance Share Price Updates: Stock ends at ₹165 apiece on NSE, 135.71% premium to IPO price

9 min read . Updated: 16 Sep 2024, 03:55 PM IST
Dhanya Nagasundaram

Bajaj Housing Finance Share Price Updates: Bajaj Housing Finance made a bumper debut on the bourses today. On NSE and BSE, the stock opened at ₹150 apiece, 114.29% higher than the issue price of ₹70. Check out stock market experts views, and other stock reaction details. 

Bajaj Housing Finance Share Price Updates: Bajaj Housing Finance IPO listing date is today, September 15.Premium
Bajaj Housing Finance Share Price Updates: Bajaj Housing Finance IPO listing date is today, September 15.

Bajaj Housing Finance Share Price Updates: Bajaj Housing Finance share price made a bumper debut on the bourses today. The stock ended listing day at ₹165 on NSE, a 135.71% premium to the IPO price of ₹70, and at ₹164.99 on BSE, a 135.70% premium.

On NSE and BSE, Bajaj Housing Finance share price opened at ₹150 per share, 114.29% higher than the issue price of ₹70.

Bajaj Housing Finance, a non-deposit-taking housing finance company, began its initial public offering on Monday, September 9 and closed it on Wednesday, September 11. The issue received a strong response from various investor categories with non-institutional investors (NIIs) bidding 41.51 times, qualified institutional buyers (QIBs) bidding 209.36 times, and retail investors bidding 7.04 times. The employee portion was subscribed 2.05 times, while the shareholder portion was oversubscribed by 17.53 times. According to BSE data, the subscription status of the Bajaj Housing Finance IPO was 63.61 times on the third day.

Bajaj Housing Finance IPO consists of an offer for sale (OFS) of equity shares by parent company Bajaj Finance for a total of ₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.

The aim of the share offering is to satisfy the directive from the Reserve Bank of India (RBI) for higher layer non-banking financial organisations (NBFCs) to list on stock exchanges by September 2025.

To meet its future capital requirements, the firm will use the proceeds from the new offer to expand its capital base.

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