Bajaj Housing Finance share hit upper circuit on Day 1
Mulibagger stock Bajaj housing finance IPO listed today with 114% hike and hit the upper circuit on day 1 itself. Everyones excitement became true and gave profits with this IPO.
Bajaj Housing Finance made an impressive debut on September 16, 2024, with shares listing at ₹150, a 114% premium over the issue price of ₹70. The IPO, which raised ₹6,560 crore, saw overwhelming demand, being subscribed 63.61 times. By the end of the day, the stock hit its upper circuit at ₹164.99, marking a 135% increase on its first trading day. Analysts remain divided on whether to buy at the elevated prices, with some urging caution due to current valuations
Bajaj Housing Finance made a strong debut in the stock market today. The much-awaited IPO, which was open for subscription from September 9 to September 11, saw massive demand. It was oversubscribed by an impressive 63.61 times, showcasing overwhelming investor interest. The IPO raised ₹6,560 crore, with shares priced between ₹66 and ₹70.
Upon listing, Bajaj Housing Finance shares opened at ₹150, a remarkable 114% premium over the issue price. By the end of the trading day, the stock hit its upper circuit at ₹164.99. This marked a total gain of around 135% on the first day.
Investors who missed out on the IPO are now considering buying shares at the current higher price. Analysts remain divided. Some see long-term growth potential, while others warn against purchasing at such elevated valuations.
