Bajaj Housing Finance Listing News: Bajaj Housing Finance To Rub Off On Other HFCs?

Shares of Bajaj Housing Finance Ltd. listed on the BSE on Monday at Rs 150 apiece, a premium of 114% over its issue price of Rs 70 per share. Even on the National Stock Exchange, the stock debuted at Rs 150 per share.
The wholly-owned subsidiary of Bajaj Finance Ltd. became the hottest initial public offering of the year as it garnered subscriptions worth Rs 3.23 lakh crore for its Rs 6,560-crore issue. The IPO of the non-banking financial company was subscribed to 63.61 times on its final day. Institutional investors drove the demand, with bids exceeding 200 times the shares set aside for them. The three-day offer entailed a fresh issue of equity shares worth Rs 3,560 crore and an offer for sale worth Rs 3,000 crore from its owner, Bajaj Finance Ltd.

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