Bajaj Housing Finance shares list at 114% premium with m-cap of ₹1.25 lakh cr
The share of Bajaj Housing Finance debuted at ₹150 on the BSE and NSE against the IPO price of ₹70 per share.
The share of Bajaj Housing Finance debuted at ₹150 on the BSE and NSE against the IPO price of ₹70 per share.
Bajaj Housing Finance shares are expected to list at a premium of 108% over the IPO price of ₹70 apiece, with m-cap seen doubling from ₹58,300 crore at the time of the issue.
The three-day IPO of Bajaj Housing Finance, comprising fresh issue of ₹3,560 crore and OFS of ₹3,000 crore, will close on September 11.
As competition widens across businesses, can the Bajaj Group retain its mojo?
The IPO of Bajaj Group company comprises fresh issue of equity shares of up to ₹4,000 crore and an OFS of shares worth up to ₹3,000 crore.
The auto major’s profit and revenue grew 37% and 30%, respectively, in Q3 FY24, driven by strong growth in operating profit and surge in volume.
The FMCG arm of Bajaj Group has declared a final dividend of 500% aggregating to ₹5 per share, on equity shares of the face value of ₹1 each for FY23.
The Bajaj group company has received the market regulator's license to start its mutual fund business.
The consumer finance company’s AUM grew 27% YoY and 6% QoQ in Q3 FY23, as compared to 31% and 7%, respectively, in Q2 FY23.
Doing only that's best for the business — For India's tenth-richest family, market cap is just a number.