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Bajaj Housing Finance IPO Listing: Bajaj Housing Finance may have a strong listing on the stock exchanges. Its shares will be listed on both BSE and NSE on Monday, September 16 at 10 am. The company's shares are trading at a grey market premium (GMP) of 113% over the issue price, indicating mega profits on listing for investors. If the current GMP continues, early IPO investors may double their money on the listing itself.
How much did you subscribe?
Investors showed huge interest in the company's Rs 6,560 crore IPO, which was subscribed 67.43 times. This high demand has pushed the IPO's GMP to Rs 79 per share (according to IPO Watch), indicating a handsome premium just before the listing date. The final price of shares in its IPO has been fixed at Rs 70.
Why did it get a great response?
Investors showed huge interest in the Bajaj Housing Finance IPO for several reasons. As the second largest company in the housing finance sector, the company offers a good range of products and gets great support from its parent company Bajaj Finance.
The firm also has a quality asset base. It has low exposure to risky assets. Its profitability is also stable. The funds raised from this new IPO will help strengthen the company's capital base, which will help meet its future financial requirements.
Disclaimer: This is mainly information about an upcoming listing, not investment advice. There is risk in the equity market, so invest at your own risk. Do take expert advice before investing.
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