Bajaj Housing Finance draws bids worth $39 bln in hottest India IPO this year
Bajaj Housing Finance, a unit of Bajaj Finance, has garnered significant interest in its IPO, attracting bids worth approximately $38.60 billion—about 64 times the shares available. This high demand makes it the most sought-after major public listing of the year in a booming IPO market. With a $782 million IPO valuing the company at $7 billion, Bajaj Housing Finance is set to become India’s largest listed home loan financier. The IPO includes a $424 million issue of new shares and a $357 million sale of existing shares, priced between 66-70 rupees per share. Analysts predict strong initial performance, expecting the stock to list at around 100 rupees due to robust demand driven by a booming home loan market and confidence in the Bajaj group’s reputation.
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