Bajaj Housing Finance IPO:Bajaj Housing Finance Limited became the country's most valuable housing finance company on the day of its listing in the stock market on Monday. The stock of Bajaj Housing Finance Limited had a very good start in the market. The company's stock closed at Rs 165, up about 136 percent from the IPO price of Rs 70 in the first day of trading. Let us tell you that the stock of Bajaj Housing Finance was listed on BSE and NSE at a price of Rs 150, which is 114.28 percent higher than the IPO price. Due to a strong rise in the share price in intraday, the market cap of Bajaj Housing Finance Limited at the end of trading was Rs 1,37,406.09 crore. With this, Bajaj Housing Finance became the country's most valuable housing finance company.

HUDCO at number two

Housing and Urban Development Corporation (HUDCO) is in second place with a market valuation of Rs 49,476.96 crore. It is followed by LIC Housing Finance in third place with a valuation of Rs 37,434.54 crore and PNB Housing Finance in fourth place with a valuation of Rs 27,581.41 crore.

Bajaj Housing Finance's Rs 6,560 crore IPO received 63.60 times subscription on September 11, the last day of bidding. The price band for the issue was fixed at Rs 66-70 per share. During Monday's trading session, 608.99 lakh shares of the company were traded on BSE and 6,367.27 lakh shares on NSE. Prashant Tapase, Senior Vice President (Research), Mehta Equities Limited, said, "We believe that the Bajaj brand has always rewarded investors and the housing finance business in the country provides a good investment opportunity.

Let us tell you that this IPO was done in compliance with the rules of the Reserve Bank of India. According to this, it is necessary for leading non-banking financial companies to be listed on the stock markets by September 2025. This firm provides finance for the purchase and renovation of residential and commercial properties.