Bajaj made investors rich, is there still room for profit?
Apart from the trading day in the stock market, September 16 will also be special for a different reason. Today, Bajaj Housing Finance IPO, which is among the most talked about IPOs of this year, has a spectacular listing. All eyes were on this IPO and it also received tremendous response. After creating a buzz in the grey market, it has also made a tremendous entry in the stock market. It has provided huge returns to investors on the very day of listing. It doubled the amount of investors in a single day. It was listed at Rs 150 on both BSE and NSE with a premium of 114.29 percent. Even after listing, the bullish trend of the stock continues. After some time, it crossed Rs 155. In such a situation, is there still an opportunity to make money from this? Let us know what is the expert’s opinion…
The price range of Rs 66 to Rs 70 per share was fixed for the IPO of Bajaj Housing Finance. But in comparison, the shares were trading on the stock exchanges at a premium of 114% i.e. at a price of Rs 150, which means that both those who had invested in the IPO and those who had got the allotment, their money got doubled. The Rs 6,560 crore initial public offering (IPO) of Bajaj Housing Finance Limited was subscribed 63.60 times.
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