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Will Bajaj Housing Finance's IPO see 70% listing gains on the first trading day?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Stock exchange data and financial news reporting the closing price on the first trading day
Story
Bajaj Housing Finance's Rs 6,560 Crore IPO Fully Subscribed with 81% GMP on Day 1
Sep 9, 2024, 03:08 AM
Bajaj Housing Finance has successfully launched its initial public offering (IPO), raising Rs 1,758 crore via anchor book allocation ahead of the IPO. The IPO, which opened today, aims to raise Rs 6,560 crore and has already seen strong interest, with nearly a quarter of the issue subscribed within the first hour and fully subscribed by the end of the day. The company is targeting a valuation of approximately Rs 58,500 crore and is expected to see 70% listing gains. Major investors such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, and GIC Singapore are likely to receive anchor book allocations. Bajaj Housing Finance's IPO has a grey market premium (GMP) up 81% and raised $209 million from big institutions.
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