Bajaj Housing Finance Share Price: The shares of Bajaj Housing Finance surged over 20% after it listed on exchnages at Rs 150 per share, up 114% against issue price, amid heavy buying. Bajaj Housing share price soared to 164.99 on BSE in hours after it made debut on stock exchanges. At around 3:20 pm, the stock had only buy orders, while no seller to sale. The Share price jumped over 94 rupees, or 135%, against its IPO price, which was Rs 70/ share.

Stock Made stellar debut

Bajaj Housing Finance IPO shares had a wonderful debut on the stock market on Monday. The share price of Bajaj Housing Finance has been listed at a premium of 114% on both the exchanges - National Stock Exchange and Bombay Stock Exchange, with a share price of Rs 150, doubling the investor's money.

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The listing has met expectations as Bajaj Housing Finance shares continue to trade at a premium of over 100% in the grey market (GMP). Various market analysts have also predicted the debut of multibaggers for the Bajaj group company. It was launched for public offering between September 9 and 11, and the company had fixed a price band of Rs 66-70 per share for its Rs 6,560 crore IPO. The issue was a combination of fresh shares and a sale offer by Bajaj Finance, the Bajaj Housing Finance parent company.

Bajaj Housing Finance IPO details

The issue was oversubscribed within hours of its launch on September 9. The company had fixed a price band of Rs 66-70 per share. The issue was an offer to sell fresh shares worth Rs 3,000 crore and shares of parent company Bajaj Finance worth Rs 3,560 crore. Bajaj Housing Finance had raised Rs 1,758 crore from anchor investors days before opening its IPO.

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