Bajaj Housing Finance shares soar 10% on market debut

19 Sep 2024 CW Team

Housing & Urban Development Corporation holds the second spot with a market valuation of Rs 490.56 billion, followed by LIC Housing Finance at Rs 372.39 billion, and PNB Housing Finance at Rs 273.33 billion. Other notable companies in this sector include Aadhar Housing Finance, Aptus Value Housing Finance India Ltd, AAVAS Financiers, Sammaan Capital, Can Fin Homes, and Home First Finance Company India.

Bajaj Housing Finance Ltd made a strong market debut on September 16, closing with a premium of nearly 136% against its issue price of Rs 70. The stock was listed at Rs 150 on both the BSE and NSE, reflecting a jump of 114.28% from its issue price. The company's Rs 65.60 billion initial public offering (IPO) received an overwhelming response, being oversubscribed 63.60 times by the close of bidding on September 11. The IPO had a price band of Rs 66-70 per share and included a fresh issue of equity shares worth Rs 35.6 billion, along with an offer-for-sale (OFS) of equity shares worth Rs 30 billion by parent company Bajaj Finance.

Bajaj Housing Finance Ltd, a non-deposit-taking housing finance company registered with the National Housing Bank in 2015, offers a range of financial solutions for purchasing and renovating residential and commercial properties. It is categorized as an ‘upper layer’ non-banking financial company (NBFC) by the Reserve Bank of India (RBI) and provides comprehensive mortgage products, including home loans, loans against property, lease rental discounting, and developer financing. (ET)

Shares of newly listed Bajaj Housing Finance Ltd surged by 10% hitting the upper circuit limit and extending their listing day gains. The stock reached Rs 181.48 on the BSE and Rs 181.50 on the NSE, marking the highest permissible trading limit for the day. With this surge, the company's market valuation increased by Rs 137.33 billion, reaching Rs 1,511.39 billion. The stock has now risen 159.28% from its issue price of Rs 70, solidifying Bajaj Housing Finance Ltd's position as the most valuable housing finance company in India. Housing & Urban Development Corporation holds the second spot with a market valuation of Rs 490.56 billion, followed by LIC Housing Finance at Rs 372.39 billion, and PNB Housing Finance at Rs 273.33 billion. Other notable companies in this sector include Aadhar Housing Finance, Aptus Value Housing Finance India Ltd, AAVAS Financiers, Sammaan Capital, Can Fin Homes, and Home First Finance Company India. Bajaj Housing Finance Ltd made a strong market debut on September 16, closing with a premium of nearly 136% against its issue price of Rs 70. The stock was listed at Rs 150 on both the BSE and NSE, reflecting a jump of 114.28% from its issue price. The company's Rs 65.60 billion initial public offering (IPO) received an overwhelming response, being oversubscribed 63.60 times by the close of bidding on September 11. The IPO had a price band of Rs 66-70 per share and included a fresh issue of equity shares worth Rs 35.6 billion, along with an offer-for-sale (OFS) of equity shares worth Rs 30 billion by parent company Bajaj Finance. Bajaj Housing Finance Ltd, a non-deposit-taking housing finance company registered with the National Housing Bank in 2015, offers a range of financial solutions for purchasing and renovating residential and commercial properties. It is categorized as an ‘upper layer’ non-banking financial company (NBFC) by the Reserve Bank of India (RBI) and provides comprehensive mortgage products, including home loans, loans against property, lease rental discounting, and developer financing. (ET)

Infrastructure Urban

11 Mar 2026

India Expands Semiconductor Training To 500 Institutions

Under the Chips to Startups programme of the India Semiconductor Mission, the Union minister responsible for Railways, Information and Broadcasting, and Electronics and IT reported notable progress in talent development. He indicated that over the past four years substantial steps have been taken towards a 10-year target of training 85,000 engineers in semiconductor design. World-class EDA tools have been deployed in 315 academic institutions across the country to provide students with practical exposure to chip design. These EDA tools are supported by leading global firms and are accessible t..

Infrastructure Urban

11 Mar 2026

Delhi Institutions Support India Semiconductor Mission

The Government of India has prioritised talent development through training, upskilling and workforce development under the Chips to Startups initiative of the India Semiconductor Mission, with officials noting progress in four years towards a 10-year target of training 85,000 engineers in semiconductor design. Electronic design automation tools provided by Synopsys, Cadence, Siemens, Renesas, Ansys and AMD have been deployed in 315 academic institutions, enabling students to gain practical chip design experience. Chips have been fabricated and tested at the Semiconductor Laboratory, Mohali, a..

Infrastructure Urban

11 Mar 2026

NHA Announces Winners Of NHCX Hackathon At IIT Hyderabad

The National Health Authority (NHA) has concluded the NHCX Hackathon under the Ayushman Bharat Digital Mission (ABDM) to stimulate innovation around the National Health Claims Exchange (NHCX). The winning teams presented their solutions at the NHCX Innovation Meet held at IIT Hyderabad during a two-day event in March 2026 that also served as the hackathon grand finale. The hackathon itself ran from 22 to 28 February 2026 and aimed to accelerate paperless, transparent claims processing across India. The event was organised with a range of ecosystem partners, including the Insurance Regulatory a..