The much-awaited Bajaj Housing Finance IPO has certainly exceeded expectations, delivering a massive listing day on the stock exchange. With an opening price of ₹150, a remarkable 114% premium over its issue price of ₹70, the IPO has rewarded investors across the board, from retail investors to high-net-worth individuals (HNIs) and existing shareholders.
Bumper Opening: ₹150 vs ₹70
The stock made its debut at ₹150, a 114% jump from the IPO price of ₹70. This substantial surge reflects strong investor sentiment and confidence in Bajaj Housing Finance’s long-term growth potential. Post-listing, the price-to-book (P/B) ratio was calculated at 6.8, which is considered expensive when compared to its sector peers. However, the robust demand for the stock underscores the market’s positive outlook on the company’s future trajectory.
Profits for Various Investors
Retail Investors
Retail investors who participated in the IPO allocation are celebrating significant returns. Each share they acquired at ₹70 has nearly doubled, resulting in handsome profits. With an opening price of ₹150 per share, a retail investor’s gain stands at ₹17,120 on their investments, making it a rewarding experience for individual investors.
Existing Shareholders
Existing shareholders of Bajaj Housing Finance have similarly benefited from the IPO’s success. For those who had already held shares, the listing brought an equally lucrative windfall of ₹17,120 in profit, showcasing the company’s strong market performance post-listing.
HNI Investors
High Net-Worth Individuals (HNIs) have walked away with substantial gains from the IPO. HNI investors witnessed profits soaring to ₹2,39,680, which places this IPO among the most profitable offerings of the year. The large capital gains have particularly appealed to this category of investors, reaffirming their faith in the stock’s potential for future growth.
With a stellar 114% listing gain, the Bajaj Housing Finance IPO has rewarded all categories of investors, from retail participants to HNIs and lo
