Bajaj Housing Finance jumps 6%; stock up 133% from issue price

The company's market capitalisation was ₹1,32,958.86 crore at the time of writing this report. The stock price stood at ₹159.65, up 3.59% on the BSE. 

On September 16, Bajaj Housing Finance became the most valued housing finance company in the country, following a blockbuster market debut where the stock more than doubled.

Shares of Bajaj Housing Finance made a solid market debut and ended with a huge premium of nearly 136% against the issue price of ₹70.

The stock listed at ₹150 on the BSE and NSE, reflecting a jump of 114.28% from the issue price, in a much-awaited listing.

It zoomed 135.7% to settle at ₹164.99 -- its upper circuit limit -- on the BSE.

At the NSE, shares of the firm surged 135.71% to settle at the upper circuit limit of ₹165.

Bajaj Housing Finance IPO

The ₹6,560 crore initial public offer of Bajaj Housing Finance received 63.60 times subscription on September 11, the last day of bidding, amid overwhelming participation from institutional buyers.

The initial share sale had a price band for the offer at ₹66-70 per share.

The IPO had a fresh issue of equity shares of up to ₹3,560 crore and an offer-for-sale (OFS) of equity shares worth ₹3,000 crore by parent Bajaj Finance.

Bajaj Housing Finance has been identified and categorised as an "upper layer" NBFC by the RBI, and its comprehensive mortgage products include home loans, loans against property, lease rental discounting, and developer financing.

The stock's record high level stands at ₹188.45 on the BSE.