Bajaj Housing Finance shares hit 10% upper circuit on Day 2; up 160% in two sessions
Bajaj Housing Finance shares were locked in its upper circuit limit at ₹181.48 on Tuesday, while the m-cap rising to ₹1.51 lakh crore.
Bajaj Housing Finance shares were locked in its upper circuit limit at ₹181.48 on Tuesday, while the m-cap rising to ₹1.51 lakh crore.
Post listing, shares of Kross gained 10.7% to ₹265.65, while Tolins Tyres hit 5% upper circuit limit of ₹238.30 on the BSE.
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 QIB segment received record bids worth ₹2.6 lakh crore, while subscriptions in NII and retail categories were ₹38,659 crore and ₹15,195 crore at the upper end of the price band.
The NII category subscribed the highest 2.44 times, followed by the retail category at 1.01 times. Listing on Sept 16
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.
Around 41 companies, including Hyundai, Ola Electric, Bajaj Housing Finance and Swiggy, look to raise ₹81,930 crore via the IPO route.
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.
IPO of Bajaj Housing Finance comprises of fresh issue of equity shares and an offer for sale of equity shares