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Bajaj Housing Finance Share Price: Shares of Bajaj Housing Finance made a strong debut on the stock markets on Monday, September 16, listing on both NSE and BSE at Rs 150 per share, up 114 percent from the IPO issue price. Bajaj Housing Finance shares were allotted to successful IPO bidders on September 13 at an issue price of Rs 70 per share.
Bajaj Housing Finance IPO Listing Price Prediction: What was the estimate for listing
According to several websites that track grey market premium prices, the last GMP for Bajaj Housing Finance IPO was Rs 84. The estimated listing price for Bajaj Housing Finance IPO is Rs 154 (Cap Price + Today's GMP) with a price band of Rs 70.00. The estimated profit per share is 120.00 cents.
Bajaj Housing Finance IPO Details
The offer aims to raise Rs 7,000 crore, of which Rs 4,000 crore will come from fresh equity and Rs 3,000 crore from sale by existing shareholders. The minimum bid lot size is 214 shares. Kotak Mahindra Capital Company Limited, BofA Securities India Limited, SBI Capital Markets Limited, Goldman Sachs (India) Securities Private Limited, Axis Capital, and JM Financial Limited are the book-running lead managers to the offer.
Bajaj Housing Finance IPO: Membership Status
Bajaj Housing Finance IPO witnessed a total subscription rate of 67.43 times with 686,000,009 shares offered and bids received for 4,625,577,108 shares, reaching a record total of Rs 3,23,790.40 crore.
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