Bajaj housing finance IPO goes India's most subscribed IPO ever. The total bid amount 3.24 lakh crore which was the total one person of Indian GDP. According to NSO data India nominal GDP consist estimate 295.36 lakh crore in 2023 to 24.
On honesty September 11 total 6560 crore initial public are offering the IPO. Which was break the world record of coal India, which got the subscription 2.36 lakh crore in 2008.
Initially investor lead the charge in IPO frenzy for bajaj housing finance, 200 bid exceeding, of their alloting share. The retail category oversubscribe 7 time.
The huge demand of the stock because of rise in future grey market premium. Currently the stock being trade at the premium of 78 in the unlisting market, the premium over 111 percent compare the issue price.
In June 2024 the CAGR of the company reached 97000 crore. The AUM growth has over perform comparing other housing finance companies.
The listing date of the IPO has been schedule 16 September 2024.
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