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Bajaj Housing Finance IPO

Housing Finance - Listed on 16 September 2024

+135.7% listing gain
Issue Price (Upper)
Rs 70
Listing Price
Rs 165
Closing Price (NSE)
Rs 165
Total Subscription
67.43x

Bajaj Housing Finance IPO listing summary

Bajaj Housing Finance (Housing Finance) closed its IPO window in 2024 and listed on NSE and BSE on 16 September 2024 at an upper band issue price of Rs 70, opening at Rs 165 for a listing gain of +135.7% and closing day one at Rs 165 (+135.7% on closing basis). The IPO was subscribed 67.43x overall - QIB 209.36x, HNI/NII 41.41x, Retail 6.90x. The total issue size was Rs 6,560 Cr (Fresh Issue Rs 3000 Cr, OFS Rs 3560 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.

Listing day performance

Listing Gain (Open)
+135.71%
Listing Gain (Close)
+135.71%
Day Change After Listing
+21.43%
Retail Quota
10.0%

Subscription breakdown

Final (Day 3) subscription

Number of times each investor category subscribed by close of Day 3.

QIB209.36x
HNI / NII41.41x
Retail6.90x
Overall67.43x

Day-wise overall subscription

How overall subscription built up across the three-day issue window.

Day 12.02x
Day 27.51x
Day 3 (Final)67.43x

Bajaj Housing Finance IPO GMP history

Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.

DayGMP (Rs)GMP %
Day 1Rs 50+100.00%
Day 2Rs 50+100.00%
Day 3Rs 55+100.00%
Day 4Rs 60+90.00%
Day 5Rs 63+85.71%

GMP Prediction vs IPOGyani AI Prediction

Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.

GMP Prediction Range
85.7%-100.0%
IPOGyani AI Prediction
-
Actual Listing Gain
+135.7%

Issue & financials

Issue SizeRs 6,560 Cr
Fresh IssueRs 3,000 Cr
OFSRs 3,560 Cr
IPO PE33.67
Peer / Sector PE18.00
PE vs Sector Ratio1.87
Latest EBITDA (Cr)90.50
Debt / Equity5.70

Market context at listing

How the broader market moved around the Bajaj Housing Finance IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.

Nifty 3D Return-1.69%
Nifty 1W Return-1.52%
Nifty 1M Return+3.58%
Nifty during IPO window+0.76%

Bajaj Housing Finance IPO - FAQs

What was the listing gain of Bajaj Housing Finance IPO?

Bajaj Housing Finance IPO listed at +135.7% versus the upper issue price of Rs 70 on 16 September 2024.

How many times was Bajaj Housing Finance IPO subscribed?

Bajaj Housing Finance IPO was subscribed 67.43x overall. QIB portion was subscribed 209.36x, HNI / NII 41.41x and Retail 6.90x.

What was the IPO GMP for Bajaj Housing Finance?

IPO GMP started at Rs 50 on Day 1 and moved to Rs 63 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.

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