Bajaj Housing Finance’s highly anticipated initial public offering (IPO) has finally listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The shares made a strong debut, rising above the issue price of ₹70 per share.
The IPO, which was open from September 9 to September 11, 2024, received an overwhelming response from investors, with a total subscription amount reaching a record-breaking ₹3.23 lakh crore. The company aims to utilize the net proceeds from the IPO to augment its capital base to meet future capital requirements.
Bajaj Housing Finance is a non-deposit-taking Housing Finance Company registered with the National Housing Bank since 2015. The company has established itself as a leading player in the housing finance sector, with a strong track record of growth and profitability.
With the successful listing of its IPO, Bajaj Housing Finance is poised for further growth and expansion. Investors are eagerly watching the company’s performance, expecting strong returns in the future.
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