Bajaj Housing Finance GMP indicates strong gains for investors. Check listing date
If the current trends sustain, Bajaj Housing Finance is likely to deliver multibagger gains to investors on debut.
The IPO has garnered immense investor interest, evidenced by a subscription rate of 67.4 times, which reflects on the company's strong fundamentals and market anticipation.
Bajaj Housing Finance has demonstrated consistent growth in both revenue and profit, showcasing favourable financial metrics. The company's association with the Bajaj Group lends credibility and trust.
«The IPO's valuation appears reasonable, further fueling investor optimism. The combination of strong financials, a reputable brand, and immense investor interest positions Bajaj Housing Finance for a potentially successful listing,» said Shivani Nyati Head of Wealth, Swastika Investmart.
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Net proceeds from the public offer will be used to augment the company’s capital base to meet future business requirements of the company towards onward
