Bajaj Housing Finance shares made an impressive entry into the stock market, listing at ₹150 per share on both the NSE and BSE. This marked a 114.29% premium over its issue price of ₹70 per share. The company’s IPO, which was open for subscription from September 9-11, offered shares in the price range of ₹66-70, with a minimum lot size of 214 shares.
Before its market debut, the stock was already showing signs of strong demand in the grey market, where it was commanding a premium of ₹73-75 per share. This hinted at a significant rise in the listing price, which exceeded expectations. Investors who participated in the IPO saw immediate gains, as the grey market premium suggested a listing gain of over 100%.
This stellar debut is part of Bajaj Group’s continued success in financial markets, reflecting strong investor confidence in the company’s growth potential.
Source: Business Today, Financial Express
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