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Bajaj Housing Finance Shares Surge Over 130% On Market Debut

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IPO,Bajaj Housing Finance,Stock Market

Shares of India's Bajaj Housing Finance more than doubled on their market debut Monday, surging as much as 161 rupees apiece, jumping about 130% from the top end of their IPO pricing. The company raised $781 million in its blockbuster IPO last week, valuing it at $7 billion.

Shares of India's Bajaj Housing Finance more than doubled Monday on their market debut, jumping 130% from their IPO pricing.

After Monday's debut the total market cap of the company was pegged at about $15.6 billion, exchange data showed.Shares of India's Bajaj Housing Finance more than doubled Monday on their market debut, reflecting strong demand from investors looking to play the, surged to as much as 161 rupees apiece, jumping about 130% from the top end of their IPO pricing of 70 rupees.After Monday's debut the total market cap of the company was pegged at about $15.6 billion , exchange data showed.

The home loan financing company, which is a unit of non-bank lender Bajaj Finance, primarily provides mortgage loans to high-end individual homebuyers and corporate entities for the purchase and renovation of homes or commercial spaces.

 

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