Bajaj Housing Finance share price will be in focus on Monday as its one-month lock-in period for shareholders ends today. Bajaj Housing Finance shares were listed on stock exchanges on September 16.
Approximately 12.6 crore equity shares, or 1.5% stake, of Bajaj Housing Finance will be eligible for trading in the stock market today after the lock-in period of one month ends, according to IIFL Securities.
Moreover, Bajaj Housing Finance will see its three-month lock-in period ending on December 12, 2024, and another 12.6 crore shares will become eligible for trading.
It is to be noted that the end of the lock-in period does not mean that all of the shares will be sold in the open market. It only means that the shares will be eligible to be traded.
Bajaj Housing Finance IPO
Bajaj Housing Finance shares made a blockbuster stock market debut on September 16. The stock doubled investors’ money upon listing as it was listed at ₹150 apiece on BSE, a premium of 114.29% to the issue price of ₹70 per share.
Extending its rally from the listing day, Bajaj Housing Finance stock hit a high of ₹188.45 on September 18. However, it eventually dropped from the high levels and hit ₹129.85 apiece on October 8.
The ₹6,560.00 crore Bajaj Housing Finance IPO was open from September 9 to September 11. The IPO was a combination of fresh issue of 50.86 crore equity shares aggregating to ₹3,560 crore and offer for sale of 42.86 crore shares worth ₹3,000 crore. Bajaj Housing Finance IPO price band was set at ₹66 to ₹70 per share.
Bajaj Housing Finance is a non-deposit taking housing finance company, with home loans contributing 57.8% to its AUM of ₹91,370 crore as of March 31, 2024. The company has delivered a robust AUM CAGR of 31% over FY22-24. It holds the largest share in the prime housing segment, accounting for over 20%.
Most brokerages had recommended subscribing to the Bajaj Housing Finance IPO given its strong fundamentals.
On Friday, Bajaj Housing Finance shares ended flat at ₹150.80 apiece on the BSE, commanding a market capitalisation of ₹1,25,588 crore.
