URL copied to clipboard

Trending News

Bajaj Housing Finance Shares Drops 9.4%, Loses ₹20,237 Crore in Market Value Over Two Days

Bajaj Housing Finance shares fell 9.4% to ₹157.2 today, with market capitalisation dropping by ₹20,237.39 crore in two days, reaching ₹1,30,918.47 crore.
Bajaj Housing Finance Shares Drops 9.4%, Loses ₹20,237 Crore in Market Value Over Two Days

Bajaj Housing Finance shares experienced a sharp 9.4% decline on Thursday, September 19, dropping to ₹157.2 per share on the NSE and ₹157.5 on the BSE. The company’s market capitalisation has decreased by ₹20,237.39 crore over the last two trading days, reaching ₹1,30,918.47 crore.

Alice Blue Image

The stock had a strong debut earlier in the week, opening with a 114.2% premium on Monday and closing with 136% gains against its issue price of ₹70. On Tuesday, it hit the 10% upper circuit before beginning its downward trend on Wednesday, falling 4.5%.

Bajaj Housing Finance’s IPO attracted a robust response, achieving a total subscription of 63.61 times, driven by significant institutional participation. The IPO price band was set at ₹66-₹70 per equity share, with the company issuing fresh shares worth ₹3,560 crore.

In addition to the fresh issue, Bajaj Finance, the parent company, sold shares worth ₹3,000 crore under the offer-for-sale component. Bajaj Housing Finance is a non-deposit-taking housing finance company that provides financial solutions for residential and commercial property purchases and renovations.

The Reserve Bank of India (RBI) has classified Bajaj Housing Finance as an “upper layer” non-banking financial company (NBFC). Its product portfolio includes home loans, lease rental discounting, loans against property, and developer financing, offering comprehensive mortgage solutions to its clients.

Loading
Read More News

Onyx Biotec IPO पहले दिन 2.80 गुना सब्सक्रिप्शन के साथ शानदार शुरुआत – अधिक जानकारी के लिए पढ़ें!

Onyx Biotec IPO को पहले दिन 2.80 गुना सब्सक्रिप्शन मिला, जो निवेशकों के मजबूत विश्वास और सार्वजनिक पेशकश के शुरुआती