Shares of Bajaj Housing Finance Ltd. listed on the BSE on Monday at Rs 150 apiece, a premium of 114% over its concern worth of Rs 70 per share. Even on the Nationwide Inventory Change, the inventory debuted at Rs 150 per share.
The wholly-owned subsidiary of Bajaj Finance Ltd. grew to become the most well liked preliminary public providing of the 12 months because it garnered subscriptions price Rs 3.23 lakh crore for its Rs 6,560-crore concern. The IPO of the non-banking monetary firm was subscribed to 63.61 occasions on its ultimate day. Institutional traders drove the demand, with bids exceeding 200 occasions the shares put aside for them. The three-day provide entailed a contemporary concern of fairness shares price Rs 3,560 crore and a proposal on the market price Rs 3,000 crore from its proprietor, Bajaj Finance Ltd.
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