India's Bajaj Housing Finance surges in debut trade

Bajaj Housing Finance

16/09/2024 05:20

BENGALURU, Sept 16 (Reuters) - India's Bajaj Housing
Finance  BAJO.NS  shares debuted at over double the offer price
in pre-open trade on Monday as investors bet on strong growth in
a booming home loan market.
    The stock listed at 150 rupees on the National Stock
Exchange of India, compared with an offer price of 70 rupees.
    The company - the second-biggest home loan financier in the
country by assets under management (AUM) and the hottest float
this year - attracted bids worth about $38.60 billion last week.
    

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((Dimpal.Gulwani@thomsonreuters.com;))