Bajaj Housing Finance IPO Listing: Bajaj Housing Finance's IPO received a great response from investors. It broke all previous records of IPO subscription. Bajaj Housing Finance's IPO also did not disappoint investors and gave them a great listing gain of 114 percent. This means that the money of IPO investors doubled on the very first day.

Bajaj Housing Finance's IPO came at the upper price band of Rs 70. It was listed at Rs 150. This means that IPO investors got a listing gain of 114.29 percent. Also, it hit an upper circuit of 10 percent. It closed at Rs 165. This means that investors who bought even one lot have made a profit of more than Rs 20,000.

Bajaj Housing Finance : Book profit or hold?

Experts are quite optimistic about Bajaj Housing Finance. They believe that long term investors can hold this stock, as the company's business model is very good. Also, the outlook of the housing sector is also very positive. This sector can continue its good performance during the next 3-4 years, which will benefit Bajaj Housing Finance. However, experts advised short term investors to book profits. Also, new investors can wait for a slight correction for entry.

Bajaj Housing Finance IPO got tremendous response

Bajaj Housing Finance of Bajaj Group had planned to raise Rs 6,560 crore through IPO. But, it received bids of Rs 3.24 lakh crore. This IPO was subscribed almost 64 times. The reserved portion for retail investors (RII) was subscribed 7.04 times, the portion for qualified institutional buyers was subscribed 209.36 times and the reserved portion for NII was subscribed 41.51 times. The GMP i.e. grey market premium of Bajaj Housing Finance IPO was indicating a great listing gain even before the listing.