Bajaj Housing Finance breaks all records to become the largest housing finance company in the country

Bajaj Housing Finance Limited broke all records on the day of its listing in the stock market on Monday and became the largest housing finance company in the country. The share of Bajaj Housing Finance Limited had a very good start in the market. The shares of the company closed at Rs 165, almost 136 per cent higher than the issue price of Rs 70 on the first day of trading. Due to the sharp rise in the share price, the market capitalisation of Bajaj Housing Finance Limited reached Rs 1,37,406.09 crore at the end of trading. With this, Bajaj Housing Finance became the largest housing finance company in the country.

All those who were left behind in GNP by taking LIC

1. The Housing and Urban Development Corporation (HUDCO) is ranked second with a market capitalisation of Rs 49,476.96 crore.
2. Following this, LIC Housing Finance moved to the third spot with a valuation of Rs 37,434.54 crore.
3. PNB Housing Finance has emerged as the fourth largest company with a valuation of Rs 27,581.41 crore.
4. Aadhar Housing Finance currently has a market capitalisation of Rs 20,045.16 crore and has become the fifth largest company in the country.

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5. Aptus Value Housing Finance India is the sixth largest real estate company in the country with a market capitalisation of Rs 16,598.17 crore.
6. Aavas Financiers has emerged as the seventh largest housing finance company in the country with a market capitalisation of Rs 14,278.33 crore.
7. Can Fin Homes has a market capitalisation of Rs 11,983.87 crore and is the eighth largest housing finance company in the country.
8. Samman Capital’s current market capitalization is Rs 11,773.23 crore and it functions as the ninth largest real estate company in the country.
9. While Home First Finance Company India is the tenth largest housing finance company in the country with a market capitalization of Rs 10,602.99 crore.

The IPO was a box office success

Bajaj Housing Finance’s Rs 6,560 crore IPO was subscribed 63.60 times on September 11, the last day of bidding. The price band for the issue was kept between Rs 66 and Rs 70 per share. The share sales were done in accordance with the Reserve Bank of India norms. Under this, it is required that major non-banking financial companies get listed on stock exchanges by September 2025. This company provides finance for purchase and renovation of homes and commercial assets.