Bajaj Housing Finance

Bajaj Housing Finance shares listing date and time: GMP signals mega listing gains, IPO investors may double money
Bajaj Housing Finance IPO Listing Date and Time: The stock is set to list on NSE and BSE early next week. With grey market premium ruling at well over 110%, IPO investors may be in for more than doubling their money.

Bajaj Housing Finance shares are set to list on the NSE and BSE on Monday.

Bajaj Housing Finance shares are set to debut on the stock exchanges early next week after a stellar performance in the primary market, with the total subscription amount for the public issue reaching a record-breaking Rs 3.23 lakh crore. This surge was driven by strong market sentiment and high demand, particularly from the retail segment.

The impressive subscription figure of over Rs 3 lakh crore for Bajaj Housing Finance IPO is more than 1 percent of India’s estimated nominal GDP at constant prices, which stands at Rs 295.36 lakh crore for the fiscal year 2023-24.

Bajaj Housing Finance shares listing date and time

Bajaj Housing Finance shares will list on both BSE and NSE on Monday, 16 September at 10 am.

tracking the high demand for shares of the company, Bajaj Housing Finance IPO GMP has surged to Rs 79 apiece in the unlisted market, indicating a premium of 113 percent over the issue price, just ahead of the listing.

Bajaj Housing Finance’s Rs 6,560 crore initial public offering (IPO), which concluded on Wednesday, 11 September, has set a new record, surpassing the previous mark held by Coal India. Coal India’s IPO in 2008 had received subscriptions totalling Rs 2.36 lakh crore.

Earlier this year, Premier Energies saw bids of over Rs 1.48 lakh crore for its IPO, while Tata Technologies’ IPO in November 2023 attracted bids worth Rs 1.56 lakh crore.

Bajaj Housing Finance IPO has attracted strong investor interest due to several factors. As the second-largest player in the housing finance sector, the company offers a well-diversified range of products and enjoys solid backing from its parent company, Bajaj Finance, which is expected to drive significant growth.

The firm also maintains a quality asset base, with limited exposure to risky assets and stable profitability.

The share sale was conducted to comply with the Reserve Bank of India’s (RBI) rules, which require top-tier non-banking finance companies to be listed on stock exchanges by September 2025.

The money raised from this new share issue will help strengthen the company’s capital base to support its future financial needs.

Registered with the National Housing Bank in September 2015, this non-deposit-taking housing finance company offers a range of financial solutions for buying and renovating both residential and commercial properties.

It has been classified as an “upper layer” NBFC by the RBI, and its diverse mortgage products include home loans, loans against property, lease rental discounting, and developer financing.

Recently, Aadhar Housing Finance and India Shelter Finance, two other housing finance firms, have also been listed on the stock exchanges.

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