Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?
3 months, 1 week ago

Bajaj Housing Finance lists with a bang: Should investors hold it long term or book profits?

Hindustan Times  

Bajaj Housing Finance made a remarkable debut on the BSE with its shares listing at ₹150, a premium of 114.2 per cent over the issue price of ₹70. Bajaj Housing Finance shares opened at ₹ 150, a significant premium over its IPO price. Shriram Subramanian, Founder and MD, InGovern Research Services, said, “As expected the Bajaj Housing Finance stock listed at a huge premium to the IPO price. However, investors need to be cautious in blindly buying into the stock now, as at close to 10 times book, the stock is trading at stretched valuations.” The IPO attracted significant attention from investors and comprised a fresh issuance of shares worth up to ₹3,560 crore along with an offer-for-sale component of shares worth ₹3,000 crore from its parent company Bajaj Finance.

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History of this topic

Big money finds new love in an old sector
5 hours, 41 minutes ago

Big money finds new love in an old sector

Live Mint  

India's housing finance sector saw a tenfold jump in primary fundraising in 2024, as venture capital and private equity firms sought to diversify their portfolios with assets perceived as relatively less risky. “Affordable housing finance continues to be a huge macro opportunity with the ability to build large scaled-up institutions," said Nithya Easwaran, managing director of Multiples, explaining the rationale …

Bajaj Housing Finance share price tumbles 6% as 3-month IPO lock-in period ends today
1 week, 4 days ago

Bajaj Housing Finance share price tumbles 6% as 3-month IPO lock-in period ends today

Live Mint  

Shares of Bajaj Housing Finance tumbled 6% in intraday trade on Thursday, December 12 to a two-week low of ₹132.80 apiece. This decline comes as the three-month shareholder lock-in period ended today, releasing 12.5 crore shares, or 2% of the outstanding equity of Bajaj Housing Finance, which is now available for sale in the secondary market. Bajaj Housing Finance is …

Explained: Why Bajaj Housing Finance shares fell 5% in early trade
1 week, 5 days ago

Explained: Why Bajaj Housing Finance shares fell 5% in early trade

India Today  

Shares of Bajaj Housing Finance fell nearly 5% in early trade on Thursday. The shares of Bajaj Housing Finance are currently trading at Rs 141, which is over 100% above their issue price of Rs 70. The one-month lock-in period for anchor investors of the Bajaj group’s housing finance arm ended on October 6, making 2% of the equity available …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
1 week, 5 days ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

Mobikwik IPO fully subscribed on Day 1. What's behind the strong demand?
1 week, 6 days ago

Mobikwik IPO fully subscribed on Day 1. What's behind the strong demand?

India Today  

The initial public offering of payment services provider One Mobikwik Systems witnessed strong investor interest on its opening day, December 11, 2024. According to data, Mobikwik's IPO received bids for 3,96,80,623 shares against the 1,18,71,696 shares on offer. This tepid QIB response is expected to improve as institutional investors typically place large bids closer to the IPO’s closing date. Mobikwik's …

Bajaj Finserv Soars 8% as Insurance Push Fuels Profit
2 months ago

Bajaj Finserv Soars 8% as Insurance Push Fuels Profit

New Indian Express  

Bajaj Finserv reports an 8 percent rise in net profit to Rs 2,087 crore in the September quarter. The company's net gain on fair value of investments increased by Rs 1,650 crore, contributing significantly to the overall profit. The revenue of the company jumped 29 percent to Rs 33,704 crore, but it did not translate into commensurate net income due …

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors
2 months ago

Stocks to Watch: Strong Performance in the Banking and Real Estate Sectors

Live Mint  

The news article focuses on several Indian stocks, highlighting positive financial performances and potential gains. While some companies like Bajaj Housing Finance, Cyient DLM, and Union Bank of India saw significant increases in their net profits, others like Mahindra Logistics and Aurum PropTech reported net losses. Ola Electric's IPO is expected to be a major highlight in the Indian stock …

Bajaj Housing to Grow Construction Finance to 16% of AUM
2 months ago

Bajaj Housing to Grow Construction Finance to 16% of AUM

Live Mint  

Bajaj Housing Finance aims to increase its construction finance business to 16% of its AUM, with a focus on taking this share to around 16% of the product mix. The lender is bullish on the lease rental discounting (LRD) business and plans to continue to grow it at a steady pace. The bulk of Bajaj Housing's loan against property (LAP) …

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO
Top News
2 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Quarterly Earnings After IPO

News 18  

Bajaj Housing Finance reports a significant increase in its net profit to Rs 546 crore for the Q2 FY25, compared to Rs 451 crore a year ago. The company raised Rs 6,560 crore through an IPO in September 2024, which helped boost its AUM to Rs 1.03 lakh crore. Despite a slight decline in the net profit margin, the company's …

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore
2 months ago

Bajaj Housing Finance's Net Income Soars 21% to Rs 546 Crore

New Indian Express  

Bajaj Housing Finance reports a 21 percent increase in net income to Rs 546 crore in the September quarter. The company's net interest income grew 13 percent to Rs 713 crore, while assets under management surged 26 percent to Rs 1.03 trillion. However, the net profit margin declined to 22.64 percent from 23.6 percent. The company's capital adequacy ratio has …

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing
2 months ago

Bajaj Housing Finance Soars 21% in Net Profit, First Earnings Since Listing

India Today  

Bajaj Housing Finance reports a significant increase in its net profit and revenue for the quarter ending September 2024. The company's net profit jumped by 21%, reaching Rs 546 crore, compared to Rs 451 crore in the same period last year. The revenue from operations also saw a rise of 26%, reaching Rs 2,410 crore. The company's net interest income …

Bajaj Housing Finance shares hit 10% upper circuit limit after blockbuster debut
3 months ago

Bajaj Housing Finance shares hit 10% upper circuit limit after blockbuster debut

The Hindu  

Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday surged 10% to hit the upper circuit limit, extending the listing day gains. Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with a huge premium of nearly 136% against the issue price of ₹70. The ₹6,560-crore initial public offer of Bajaj Housing Finance Ltd …

Bajaj Housing Finance shares hit 10 pc upper circuit limit after blockbuster debut
3 months, 1 week ago

Bajaj Housing Finance shares hit 10 pc upper circuit limit after blockbuster debut

New Indian Express  

NEW DELHI: Shares of newly-listed Bajaj Housing Finance Ltd on Tuesday surged 10 per cent to hit the upper circuit limit, extending the listing day gains. The stock jumped 10 per cent to hit the upper circuit limit of Rs 181.48 on the BSE. Shares of Bajaj Housing Finance Ltd made a solid market debut on Monday and ended with …

Bajaj Housing shares double after India’s biggest IPO of 2024: Latest updates
3 months, 1 week ago

Bajaj Housing shares double after India’s biggest IPO of 2024: Latest updates

Hindustan Times  

Bajaj Housing Finance Ltd.’s shares more than doubled in their trading debut after India’s biggest new listing of the year. Bajaj Housing’s IPO debut is benefiting from its parent’s strong brand recall and a history of stellar returns. Bajaj Housing’s IPO debut is also benefiting from its parent’s strong brand recall and a history of stellar returns. Bajaj Housing’s IPO …

Bajaj Housing Finance more than doubles in market debut on September 16
3 months, 1 week ago

Bajaj Housing Finance more than doubles in market debut on September 16

The Hindu  

Shares of Bajaj Housing Finance more-than-doubled in their trading debut on Monday, giving the company a market capitalisation of 1.34 trillion Rupees and making it most valuable listed home loan financier. The second-biggest home loan financier by Assets Under Management, Bajaj Housing Finance's $782 million IPO had attracted bids worth about $38.60 billion last week, making it the most sought-after …

Business News: Bajaj Housing Finance Experiences Massive Surge in Share Market Performance | ABP News
3 months, 1 week ago

Business News: Bajaj Housing Finance Experiences Massive Surge in Share Market Performance | ABP News

ABP News  

Tirupati Balaji Agro Trading, a company specializing in industrial packaging products, has delivered impressive returns to its IPO investors. The company’s stock listed at ₹90 on the Bombay Stock Exchange, representing an 8.4% premium over the IPO’s upper price band of ₹83. Founded in 2001, Tirupati Balaji Agro Trading manufactures a range of industrial packaging products, including flexible intermediate bulk …

Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription
3 months, 2 weeks ago

Bajaj Housing Finance ₹6,560-crore IPO fully booked hours after opening for subscription

The Hindu  

The ₹6,560-crore initial public offer of Bajaj Housing Finance got fully subscribed within hours of opening for bidding on Monday and ended the day with 2 times subscription. The initial share sale received bids for 1,46,58,24,030 shares against 72,75,75,756 shares on offer, reflecting 2.01 times subscription, as per NSE data. Bajaj Housing Finance on Friday said it has collected ₹1,758 …

Bajaj Housing Finance IPO: Firm Reveals Price Band For Upcoming Issue, Check Details Here
3 months, 2 weeks ago

Bajaj Housing Finance IPO: Firm Reveals Price Band For Upcoming Issue, Check Details Here

ABP News  

Bajaj Housing Finance has announced the price band for its much-awaited IPO, scheduled to be available for subscription from Monday. The company’s public listing will comprise a fresh issue of equity shares worth Rs 3,560 crore and an offer-for-sale of shares worth Rs 3,000 crore. The issue’s book-running lead managers include BofA Securities Pvt Ltd, Axis Capital Ltd, Kotak Mahindra …

Bajaj Housing Finance IPO: All you need to know about the ₹6,560 crore issue
3 months, 2 weeks ago

Bajaj Housing Finance IPO: All you need to know about the ₹6,560 crore issue

Hindustan Times  

Bajaj Housing Finance' initial public offering will open for bidding on Monday, September 9. Bajaj Housing Finance aims to raise ₹ 6,560 crore through its IPO, including a fresh share sale of ₹ 3,560 crore and an offer-for-sale of ₹ 3,000 crore. Bajaj Housing Finance IPO details The company is looking to raise a total of ₹6,560 crore from its …

Chart Beat: It is back to action for Bajaj Finance in Q1FY25
5 months, 2 weeks ago

Chart Beat: It is back to action for Bajaj Finance in Q1FY25

Live Mint  

Bajaj Finance Ltd reported a significant uptick in its June quarter performance following the Reserve Bank of India's decision on 2 May to lift restrictions on the company’s 'eCOM' and 'Insta EMI Card' loan sanctioning and disbursal operations. In Q1FY25, Bajaj Finance added 4.47 million new customers, marking a healthy 16% year-on-year increase and a multi-quarter high. “The trend of …

Godrej Properties share price hits 52-week high, as company announces 11-acre project in Pune
5 months, 3 weeks ago

Godrej Properties share price hits 52-week high, as company announces 11-acre project in Pune

Live Mint  

Godrej Properties Ltd., a subsidiary of Godrej Industries, a real estate developer in India, has announced its plans to develop an 11-acre land parcel in Hinjewadi, Pune, on July 1. Gaurav Pandey, MD & CEO of Godrej Properties, said, "Hinjewadi is an important micro market for us in Pune, and we are happy to add this land parcel to our …

Bajaj Housing Finance' ₹7,000 crore IPO to be launched soon, DRHP filed: Key things to know
6 months, 1 week ago

Bajaj Housing Finance' ₹7,000 crore IPO to be launched soon, DRHP filed: Key things to know

Hindustan Times  

Bajaj Housing Finance filed the DRHP with capital markets regulator Sebi for its proposed IPO. Bajaj Housing Finance IPO registrar The book-running lead managers of the IPO are Kotak Mahindra Capital Company Ltd, BofA Securities India Ltd, Axis Capital Ltd, Goldman Sachs Securities Pvt Ltd, SBI Capital Markets Ltd, JM Financial Ltd, and IIFL Securities Ltd. KFin Technologies Ltd is …

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why
6 months, 1 week ago

Aavas, HUDCO: Shares of housing finance firms zoom up to 11%; here's why

Business Standard  

Shares of housing finance companies mainly mid and small-sized were in focus and rallied up to 11 per cent in Tuesday’s intra-day trade after the Union Cabinet approved a government aid for constructing 30 million houses under the Pradhan Mantri Awas Yojana. Home First Finance Company, Aavas Financiers, GIC Housing Finance and Housing & Urban Development Corporation rallied over 7 …

Bajaj Housing Finance files for Rs.7000 crore IPO following RBI mandate
6 months, 2 weeks ago

Bajaj Housing Finance files for Rs.7000 crore IPO following RBI mandate

Hindustan Times  

Bajaj Housing Finance is launching a Rs.7,000 crore IPO. Bajaj Housing Finance managed Rs.91,370 crore worth of assets as of March 31st this year. Bajaj Housing Finance was till now, a wholly-owned subsidiary of Bajaj Finance. The lead book-runners are Kotak Mahindra Capital Company Limited, BofA Securities India Limited, Axis Capital Limited, Goldman Sachs Securities Private Limited, SBI Capital Markets …

Aadhar Housing Finance IPO: Stock lists at ₹315 on NSE, same as IPO price
7 months, 1 week ago

Aadhar Housing Finance IPO: Stock lists at ₹315 on NSE, same as IPO price

Hindustan Times  

Aadhar Housing Finance IPO: Aadhar Housing Finance listed at ₹315 on NSE, same as its issue price while on BSE, the stock listed at ₹314.30, a discount of 0.22 per cent. Aadhar Housing Finance IPO: Stock lists at ₹ 315 on NSE, same as IPO price Aadhar Housing Finance IPO subscription The IPO was overall subscribed 26.76 times as investors …

Bajaj Finance: Up 4000% in last 10 years but negative in 2024 so far, should you buy the stock?
8 months, 1 week ago

Bajaj Finance: Up 4000% in last 10 years but negative in 2024 so far, should you buy the stock?

Live Mint  

The last one year has not been very impressive for the non-banking lenders on the back of high credit costs even as their asset quality remains robust. December quarter earnings In the December quarter,Bajaj Finance posted a 22.40 percent year-on-year rise in its consolidated net profit at ₹3,638.95 crore as against ₹2,973 crore in the same period last fiscal. Read …

Bajaj Housing Finance picks five investment banks as advisors for proposed IPO: Report
8 months, 2 weeks ago

Bajaj Housing Finance picks five investment banks as advisors for proposed IPO: Report

Hindustan Times  

Bajaj Housing Finance has picked five investment banks as advisors for its proposed initial public offering, according to a Moneycontrol report. The work on the proposed Bajaj Housing Finance IPO is believed to have commenced “Kotak Mahindra Capital, Axis Capital, BofA Securities, JM Financial, and SBI Capital have been shortlisted for this IPO,” the report said, quoting a person aware …

India Shelter share price jumps 5% after Kotak initiates coverage on stock with a buy call
8 months, 3 weeks ago

India Shelter share price jumps 5% after Kotak initiates coverage on stock with a buy call

Live Mint  

India Shelter share price continued witnessing strong traction for the second consecutive session as it jumped about 6 per cent in morning trade on BSE on Thursday, March 28, after brokerage firm Kotak Institutional Equities initiated coverage on the stock with a buy recommendation. India Shelter share price opened at ₹608.65 against its previous close of ₹585.60 and soon rose …

Baweja Studios IPO: Price band of biggest public issue this week at ₹170-180
10 months, 3 weeks ago

Baweja Studios IPO: Price band of biggest public issue this week at ₹170-180

Hindustan Times  

The Baweja Studios Limited IPO will open for subscription today and will close on February 1. Baweja Studios IPO: The Baweja Studios IPO will open for subscription on January 29. Baweja Studio IPO basis of allotment of shares will be tentatively finalised on February 2. Its revenue increased by 86.2 per cent and profit after tax rose by 188.8 per …

Bajaj Finance to de-rate, says UBS; assumes coverage with ‘Sell’
11 months ago

Bajaj Finance to de-rate, says UBS; assumes coverage with ‘Sell’

Live Mint  

Bajaj Finance is expected to see an earnings downgrade and a de-rating in its multiples going ahead, analysts said. The market is likely overestimating Bajaj Finance’s ability to keep growing AUM at its historical pace while maintaining ROA despite increased competition and its large size, according to analysts at UBS. UBS believes Jio Financial Services may disrupt Bajaj Finance’s core …

India Shelter Finance shares in red after decent debut on stock exchanges
1 year ago

India Shelter Finance shares in red after decent debut on stock exchanges

Hindustan Times  

The shares of India Shelter Finance Corporation made a decent debut on the stock market, opening at ₹625 before dropping to ₹564.70, a fall by 7.80 per cent. The initial public offering of the housing finance company was subscribed 36.62 times on the last day of the offer last Friday. India Shelters Finance Corporation said that the funds raised from …

Suraj Estate IPO day 2 subscription status: Issue subscribed 2.42 times
1 year ago

Suraj Estate IPO day 2 subscription status: Issue subscribed 2.42 times

Live Mint  

Suraj Estate IPO : The initial public offering of Suraj Estate Developers Limited that opened on Monday, December 18 and will remain open till Wednesday 20th December 2023, saw retail portion subscribed 390% Suraj Estate IPO subscription status As on 19th December, Tuesday the issue had been subscribed 2.42 times. The public issue subscribed 3.9 times in the retail category, …

Suraj Estate IPO day 2 subscription status: Issue subscribed 127% at 12 PM
1 year ago

Suraj Estate IPO day 2 subscription status: Issue subscribed 127% at 12 PM

Live Mint  

Suraj Estate IPO : The initial public offering of Suraj Estate Developers Limited that opened on Monday, December 18 and will remain open till Wednesday 20th December 2023, saw retail portion subscribed 200% Suraj Estate IPO subscription status As on 19th December, Tuesday the issue had been subscribed 1.27 times. The public issue subscribed 2.23 times in the retail category, …

Suraj Estate Developers IPO to open on December 18; Here are the details
1 year ago

Suraj Estate Developers IPO to open on December 18; Here are the details

Hindustan Times  

Mumbai-based realtor Suraj Estate Developers Limited’s will launch its maiden Initial Public Offering on December 18 at a price band between ₹340 to ₹360 per equity share. Suraj Estate Developers on Wednesday said it has fixed the price band of ₹ 340 to ₹ 360 per share for its initial public offering. Speaking at an announcement of the IPO plans, …

Shriram Properties shares rise over 7% today, here’s why
1 year ago

Shriram Properties shares rise over 7% today, here’s why

Live Mint  

The shares of Shriram Properties rose nearly 6.68% to ₹126.95 apiece on Tuesday’s trading session. The shares recorded a substantial surge following a block deal that involved 16.80 million shares, equivalent to a 10 percent stake in the company, with a total value of ₹214 crore, according to a Bloomberg report. Shriram Properties experienced a remarkable 40 percent surge in …

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY
1 year, 2 months ago

Bajaj Finance Q2 FY24 results: profit rise by 27.7% YOY

Live Mint  

Bajaj Finance, the leading financial services company, has declared their Q2 FY24 results on 17 Oct, 2023. In addition, when compared to the previous quarter, Bajaj Finance reported a growth of 7.04% in revenue and 3.31% in profit. In terms of stock performance, Bajaj Finance has delivered a return of 0.12% in the last 1 week, 36.81% in the last …

Bajaj Finance shares gain as Nomura sees 22% upside
1 year, 3 months ago

Bajaj Finance shares gain as Nomura sees 22% upside

Live Mint  

Bajaj Finance share price gained 2% in the early trade on Friday after global brokerage firm Nomura initiated coverage on the stock with a ‘Buy’ rating. Nomura has set a target of ₹8,700 for Bajaj Finance shares, which implies an upside of nearly 22% from Thursday’s closing price. The brokerage house believes that the exit of Housing Finance Development Corporation …

Bajaj Finance share price rises over 2% after Q1 results; should you buy it?
1 year, 4 months ago

Bajaj Finance share price rises over 2% after Q1 results; should you buy it?

Live Mint  

Shares of Bajaj Finance climbed over 2 per cent in early deals on BSE on Thursday a day after the company reported its June quarter scorecard. Brokerage firm Motilal Oswal Financial Services maintained a buy call on Bajaj Finance stock with a target price of ₹8,800, implying an 18 per cent upside. "Bajaj Finance’s Q1FY24 reported PAT jumped 32 per …

Vijaya Diagnostic IPO to List Today: How much Listing Gains Investors May Expect
3 years, 3 months ago

Vijaya Diagnostic IPO to List Today: How much Listing Gains Investors May Expect

News 18  

Vijaya Diagnostic Centre Limited opened its initial public offering on September 1 and closed after three successful days of trading, on September 3. The Vijaya Diagnostic Centre IPO received bids for 11.36 crore equity shares against the IPO size of 2.50 crore equity shares on the final day of bidding, according to subscription data on the exchanges. This indicated that …

Home First Finance Company IPO opens: Check price band, important dates - Should you subscribe?
3 years, 11 months ago

Home First Finance Company IPO opens: Check price band, important dates - Should you subscribe?

India TV News  

The IPO of mortgage financier Home First Finance Company opened for subscription today. A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. Among the 25 anchor investors are Nomura, Fidelity International, Morgan Stanley India Investment Fund, Goldman Sachs Pte, ICICI Prudential Mutual Fund, Nippon India …

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