India's Bajaj Housing Finance surges 130% in debut trade

Bajaj Housing Finance

16/09/2024 05:38

** Shares of Bajaj Housing Finance  BAJO.NS  climb as much
as 130% to 161 rupees on its first day of trading 
    ** BAJO shares opened at 150 rupees, more-than-double its
IPO price of 70 rupees 
    ** Stock last up ~121% 
    ** Co's IPO was oversubscribed by 64 times, attracted bids
worth about $38.60 billion
    ** Analysts have said positive sentiment for the lender's
offering due to strong luxury homes' loan demand, attractive IPO
pricing, confidence in the Bajaj group
    ** Co is the second-biggest home loan financier in the
country by assets under management (AUM)
    

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))