Bajaj Housing Finance IPO Listing Date and Impressive GMP Insights

Bajaj Housing Finance IPO Details

Bajaj Housing Finance is poised to make its market debut on September 16, following an impressive performance in the primary market. The company’s initial public offering (IPO) amassed a record Rs 3.23 lakh crore in total subscription, setting a new benchmark for India's capital markets.

Market Sentiment and Strong Demand

The IPO’s success stems from a vibrant market atmosphere and notably high demand among retail investors, surpassing 1 percent of India's nominal GDP, which stands at Rs 295.36 lakh crore for FY23-24. Shares will be available on both the BSE and the NSE at 10 AM on the listing day.

• Grey market premium (GMP) has surged to Rs 79 per share, indicating a 113 percent premium over the issue price.
• The Rs 6,560 crore IPO, completed on September 11, outperformed Coal India’s previous subscription record, highlighting investor enthusiasm.

Financial Strength and Growth Prospects

Bajaj Housing Finance, as India's second-largest housing finance company, is backed by its parent firm, Bajaj Finance. Their diversified product offerings, along with solid asset quality and stable earnings, have fostered significant investor confidence.

The IPO complies with the Reserve Bank of India's requirements for large non-banking financial companies (NBFCs) to list by September 2025. Funds raised are aimed at enhancing Bajaj Housing Finance’s capital base to fuel future growth.

Leadership in IPO Management

Prominent financial institutions were at the forefront of managing this IPO, including Kotak Mahindra Capital, BofA Securities India, SBI Capital Markets, Goldman Sachs (India) Securities, Axis Capital, and JM Financial.