Bajaj Finserv Restricted Chairman and Managing Director Sanjiv Bajaj, Bajaj Housing Finance Restricted Managing Director Atul Jain, Nationwide Inventory Alternate (NSE) CEO Ashish Kumar Chauhan and others through the itemizing ceremony of Bajaj Housing Finance Restricted, in Mumbai.
| Picture Credit score: ANI
Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday (September 17, 2024) surged 10% to hit the higher circuit restrict, extending the itemizing day features.
The inventory jumped 10% to hit the higher circuit restrict of ₹181.48 on the BSE.
On the NSE, shares of the agency surged 10% to ₹181.50 – the very best buying and selling permissible restrict for the day.
The corporate’s market valuation climbed ₹12,417.27 crore to ₹1,49,823.36 crore.
Shares of Bajaj Housing Finance Ltd made a strong market debut on Monday and ended with an enormous premium of almost 136% towards the problem value of ₹70.
The inventory was listed at ₹150 on the BSE and NSE, reflecting a soar of 114.28% from the problem value.
The ₹6,560-crore preliminary public supply of Bajaj Housing Finance Ltd obtained 63.60 instances subscription on September 11, the final day of bidding, amid overwhelming participation from institutional consumers.
The preliminary share sale had a value band for the supply at ₹66-70 per share.
The IPO had a contemporary subject of fairness shares of as much as ₹3,560 crore and an offer-for-sale (OFS) of fairness shares price ₹3,000 crore by guardian Bajaj Finance.
It’s a non-deposit-taking housing finance firm registered with the Nationwide Housing Financial institution in September 2015.
The agency affords monetary options for buying and renovating residential and industrial properties.
It has been recognized and categorised as an “higher layer” NBFC by the RBI, and its complete mortgage merchandise embody house loans, loans towards property, lease rental discounting and developer financing.
Revealed – September 17, 2024 12:40 pm IST
