Bajaj Housing Finance IPO: If you are also making money from the IPO, this news might be useful for you. Actually, Bajaj Housing Finance IPO will be listed on the stock market today, i.e. on Monday. Bajaj IPO received a strong response from investors during the subscription. The popularity of IPOs continues even in the grey market, so the question people are asking is: when there is positive news about it everywhere, will the investors’ money be doubled by listing today? Tell us what is the expert’s opinion on this…
However, based on the positive signals on the grey market, experts are also very optimistic about this IPO and say that investors’ money could double if it goes public.
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Apart from the share price increase, analysts also have high expectations from the company from a long-term perspective. According to senior search analyst Aastha Jain, she advised conservative investors to opt for profit booking if the share price gains beat market expectations.
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He suggested that long-term investors can hold onto the stock for long-term growth as the outlook for this sector remains very bullish considering the company’s improved business model. Market experts believe that the real estate sector will continue to perform well in the next 3-4 years and Bajaj Housing can grab the opportunity to lead the sector.
Money can only be doubled by going public.
According to Aastha Jain, Bajaj Housing Finance’s listing can be successful due to its strong financial position, reputed brand and strong investor interest. Prathamesh Masdekar of Stoxbox expects a strong listing on the stock exchanges on Monday. They expect a premium of 107% over the upper price band.
Rise of the grey market
Bajaj Housing Finance IPO is receiving a strong response from the unlisted market. Today, September 15, this issue is trading at a premium of Rs 69. Based on this, the company’s shares are likely to trade at a price of Rs 139. If this happens, investors will get a whopping gain of 98.57 percent. That means investors’ money will almost double.
How much was subscribed
The ₹ 6,560 crore initial public offering of Bajaj Group company Bajaj Housing Finance received bids worth ₹ 3.24 lakh crore. This IPO has been subscribed approximately 64 times. Thus, the portion reserved for Retail Investors (RII) has been subscribed 7.04 times, the portion reserved for Qualified Institutional Buyers 209.36 times and the portion reserved for NII 41.51 times.
