Bajaj Housing Finance shares hit 10% upper circuit for second consecutive day after listing

The stock was trading at ₹181.5, up 10% - its upper circuit limit.

The company's market capitalisation stands at ₹1,51,155.86 crore.

Bajaj Housing Finance shares jump nearly 136% on listing day

On Monday, the scrip was listed at ₹150 per share on the NSE and the BSE, reflecting an increase of 114.2% from the issue price of ₹70. At the NSE, shares of the firm surged 135.71% to settle at the upper circuit limit of ₹165.

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.

The share sale was conducted to comply with the Reserve Bank of India's (RBI) regulations, which require upper-layer non-banking finance companies to be listed on stock exchanges by September 2025.

Proceeds from the fresh issue will be used to augment the company's capital base to meet future capital requirements.