Bajaj Housing Finance IPO:Investors who have got allotment for Bajaj Housing Finance IPO are eagerly waiting for the listing tomorrow i.e. Monday 16 September. Bajaj Housing Finance IPO was open for investment from 9 September to 11 September 2024. There was a lot of interest from investors in Bajaj Housing Finance IPO. This IPO broke many records. Record bids of about Rs 3.15 lakh crore have been placed for the IPO. The grey market premium of the IPO is indicating a good listing with potential returns up to 115 percent.

What is going on GMP?

According to Investorgain.com, Bajaj Housing Finance IPO is available at a premium of Rs 81 in the grey market. The estimated listing price for Bajaj Housing Finance IPO is Rs 151. Its price band is Rs 70 per share. The estimated profit is 115 percent.

what is the detail

Bajaj Housing Finance is a non-banking finance subsidiary (NBFC) of the Bajaj Group. The IPO comprised of fresh shares worth up to Rs 3,560 crore and an offer for sale (OFS) of existing shares worth Rs 3,000 crore by parent company Bajaj Finance. The share sale is being done to comply with the Reserve Bank of India (RBI) rules, according to which leading non-banking financial companies are required to be listed on the stock exchanges by September 2025. Let us tell you that the housing lender reported a net profit of Rs 1,731 crore for the financial year 2023-24. This is 38% higher than Rs 1,258 crore in the previous year. At Rs 7,618 crore, net income grew 34% year-on-year during the same