After the IPO debut today, September 16, 2024, Sanjiv Bajaj and Atul Jain, Managing Directors of Bajaj Housing Finance, addressed the media, outlining the company’s strong growth potential and financial stability. The company’s shares listed at ₹150 on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), marking a significant 114.29% increase from the IPO issue price of ₹66-70 per share.
The management expressed confidence in the company’s future, stating, “We have had very strong growth in the backdrop of a strong economy, and we believe we can continue to grow strongly.” They also emphasized that Bajaj Housing Finance is a variable rate company, allowing it to maintain steady margins despite market conditions. “We don’t expect any impact on margins,” they added. Furthermore, they assured that Net Interest Margins (NIMs) are likely to remain stable, reinforcing the company’s financial health.
This positive outlook follows the successful IPO, which raised ₹6,560 crore, with strong investor demand reflected in the stock’s substantial listing gain.
