The shares, which opened 114 per cent higher than the issue price and marched ahead to settle 136 per cent higher on the BSE and the National Stock Exchange (NSE), soared another 10 per cent to hit a record high of ₹181.48 apiece on the bourses on Tuesday.
BHFL is now the biggest housing finance company in terms of market capitalisation at 1.51 trillion, more than 2.5 times its initial public offering (IPO) valuation of ₹58,300 crore. Housing and Urban Development Corporation (Hudco) and LIC Housing, with market capitalisation of ₹49,056 crore and ₹37,239 crore, are ranked next.
However, Bajaj Housing's market debut has left many investors, particularly those who missed the IPO allotment or failed to apply, wondering about their next move: Should they invest now or consider established alternatives like LIC Housing Finance, the second biggest player by market share.
This story is from the September 18, 2024 edition of Business Standard.
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This story is from the September 18, 2024 edition of Business Standard.
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