LIC Housing Finance shares tumble 6% amid Bajaj Housing Finance's blockbuster listing

The company's ₹6,560-crore initial public offering (IPO) garnered 63.60 times subscriptions on the last day of bidding last Wednesday amid overwhelming participation from institutional buyers.

Shares of the company got listed at ₹150 on both the BSE and NSE, reflecting a jump of 114.28% from the issue price.

Later, it zoomed 129.88% to ₹160.92 on the BSE.

The company's market valuation stood at ₹1,30,751.90 crore.

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

Other housing finance shares, too, were in focus. PNB Housing Finance trimmed its gains and were trading over 1.70% higher at ₹1,155.25. The stock hit a high of ₹1,191.35 in the early trade.

Housing Finance Market Outlook

As per the current market research conducted by the CMI Team, the India housing finance market is expected to record a compound annual growth rate of 24.1% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of ₹385.14 billion. By 2033, the valuation is anticipated to reach ₹2,669.39 billion. 

The India housing finance market encompasses financial services provided to individuals and developers for purchasing, constructing, renovating, or improving residential properties. Its nature combines elements of retail banking, mortgage lending, and real estate investment.

Key trends include a shift towards digitalisation, the expansion of affordable housing finance, growing demand for sustainable and green housing solutions, and the emergence of niche financing options tailored to specific customer segments, all contributing to the market’s dynamism and evolution, the report adds.