Bajaj Housing Finance Shares Soar 140% on Debut, Boosting Market Value by ₹79,000 Crore
Bajaj Housing Finance (BHF) achieved a stellar performance on its stock market debut, with shares surging by 140% from the issue price, marking one of the most remarkable IPO debuts in recent history. On its first day of trading, BHF's shares rocketed to 2.4 times their IPO price, propelling the company's market capitalization by an impressive ₹79,000 crore.
This debut performance ranks among the highest for IPOs exceeding ₹3,000 crore, following Tata Technologies' notable 2.6 times increase last November. The strong debut of BHF highlights a significant moment in the capital markets, reflecting robust investor confidence and enthusiasm.
The IPO, priced at ₹70 per share, saw a meteoric rise to ₹165 by the end of the trading session, reflecting both strong demand and favorable market conditions. The surge in BHF’s share price not only set a new benchmark for large-scale IPOs but also underscored the growing investor appetite for high-quality financial stocks.
Market analysts have attributed the strong debut to several factors, including the company’s solid fundamentals, the high profile of its parent organization, and the prevailing positive sentiment in the housing finance sector. The listing has attracted considerable attention, marking a notable achievement in the IPO landscape and setting a high bar for future listings.
