New Delhi:
Bajaj Housing Finance Limited became the country’s most valuable housing finance company on the day of its listing in the stock market on Monday (Bajaj Housing Finance IPO Listing). The shares of Bajaj Housing Finance Limited (Bajaj Housing Finance shares listing) had a very good start in the market yesterday.
The company’s shares closed at Rs 165 on the first day of trading, rising nearly 136 per cent from the issue price of Rs 70.
Due to strong rise in the stock, the market cap reached Rs 1,37,406.09 crore
Due to a sharp rise in the share price, the market capitalization of Bajaj Housing Finance Limited stood at Rs 1,37,406.09 crore at the end of trading. With this, Bajaj Housing Finance became the most valuable housing finance company in the country.
Bajaj Housing Finance left behind HUDCO, LIC and PNB
Housing and Urban Development Corporation (HUDCO) is in second place with a market valuation of Rs 49,476.96 crore. It is followed by LIC Housing Finance in third place with a valuation of Rs 37,434.54 crore and PNB Housing Finance in fourth place with a valuation of Rs 27,581.41 crore.
Bajaj Housing Finance IPO subscribed 63.60 times on the last day
Bajaj Housing Finance’s Rs 6,560 crore initial public offering (IPO) was subscribed 63.60 times on the last day of bidding on September 11. The price band for the issue was fixed at Rs 66-70 per share. The share sale was done in compliance with the rules of the Reserve Bank of India.
According to this, it is necessary for leading non-banking financial companies to be listed on the stock exchanges by September 2025. This firm provides finance for the purchase and renovation of residential and commercial properties.
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