All eyes on Bajaj Housing Finance debut as GMP hints at blockbuster listing
Bajaj Housing Finance, which saw a record response to its IPO last week. Based on grey market trends and analysts' estimates, the company's shares are expected to deliver multibagger returns to investors.
Since the IPO was announced, Bajaj Housing Finance shares have been in high demand in the grey market, with the GMP continually rising. The current GMP for the stock is approximately Rs 84, representing a premium of nearly 120% over the issue price.
However, it is important to note that grey market premiums are merely an indicator of how the company's shares are performing in the unlisted market and can change rapidly.
The Rs 6,560-crore IPO of Bajaj Housing Finance is the largest of the year so far and received a subscription rate of nearly 67 times the shares on offer.
With an AUM of Rs 97,100 crore as of Q1 FY25, the company is positioned as the largest non-deposit-taking HFC backed by Bajaj Finance. From FY22 to FY24, AUM grew by 31%, while profit increased by 56%.
Stock Trading
Market 101: An Insight into Trendlines and Momentum
By — Rohit Srivastava, Founder
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder
Stock Trading
Market 103: Mastering Trends with RMI and Techno-Funda Insights
By — Rohit Srivastava, Founder
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Introduction to Technical Analysis & Candlestick Theory
By — Dinesh Nagpal, Full Time
