Bajaj Housing Finance Shares Surge Over 130% On Market Debut

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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Bajaj Housing Finance sees shares more than double on debut after stellar IPOThe company's shares surged to as much as 161 rupees apiece, jumping about 130% from the top end of its IPO pricing of 70 rupees.
Source: CNBC - 🏆 12. / 72 Read more »

VOIP Finance Reports Jaw-Dropping MEXC DebutVOIP Finance Reports Jaw-Dropping MEXC Debut
Source: Utoday_en - 🏆 295. / 63 Read more »

Singapore introduces cooling measures for public housing marketThe loan-to-value limit for Housing Development Board loans has been lowered from 80% to 75%, the government said.
Source: CNBC - 🏆 12. / 72 Read more »