Bajaj Housing Finance has experienced a significant increase in market capitalization since its initial public offering (IPO). Here’s a detailed look at how the company’s market cap has grown over time.
Market Performance
The company’s IPO price was ₹70 per share, and it listed on the NSE at ₹150. As of September 17, 2024, at 5 PM, the stock closed at ₹181.50, reflecting a 21% increase from its listing price and substantial growth from the IPO offer price.
Market Capitalization Breakdown
To better understand how Bajaj Housing Finance’s market capitalization has surged, let’s break down the calculations:
- Total Number of Shares: Approximately 8,328 million (or 83.28 crore) shares.
- At IPO Offer Price (₹70):
- Calculation: 8,328 million shares × ₹70
- Market Capitalization: ₹58,297 crore (₹582,970,258,953).
- At IPO Listing Price (₹150):
- Calculation: 8,328 million shares × ₹150
- Market Capitalization: ₹1,24,922 crore (₹1,249,221,983,471).
- At Today’s Closing Price (₹181.50):
- Calculation: 8,328 million shares × ₹181.50
- Market Capitalization: ₹1,51,155 crore (₹1,511,558,600,000).
Gain Since IPO Offer Price
The company has gained a substantial amount in market cap since its IPO offer. By comparing today’s market capitalization with that at the IPO offer price:
- Today’s Market Cap – IPO Offer Price Market Cap:
- ₹1,51,155 crore – ₹58,297 crore = ₹92,858 crore (₹928,588,341,047).
This means Bajaj Housing Finance’s market capitalization has increased by approximately ₹92,858 crore since its shares were first offered at ₹70 per share.
This detailed breakdown provides clarity on the company’s growth trajectory, helping investors and readers understand the significant gains made by Bajaj Housing Finance in the housing finance sector.
Disclaimer: This article is for informational and educational purposes only. It is intended to provide a general understanding of market capitalization calculations and company performance. This article does not constitute financial or investment advice. Readers are advised to conduct their own research or consult with a financial professional before making any investment decisions.
