Apart from the day’s trading in the stock market, September 16 is going to be special for a different reason. Today, the IPO of Bajaj Housing Finance, one of the most talked about IPOs of this year, has had a blockbuster listing. Everyone’s eyes were on this IPO and it also got a tremendous response. After making a splash in the gray market, it has also made a tremendous entry in the stock market. It has given tremendous profits to the investors on the day of listing itself. It doubled the investors’ money in a single day. It was listed at Rs 150 with a premium of 114.29 percent on both BSE and NSE. Even after listing, the stock continues to rise. Within a short time it crossed Rs 155. In such a situation, is there still a chance to earn in this, let us know what is the opinion of the experts…
The price band for Bajaj Housing Finance’s IPO was fixed at Rs 66-70 per share. But compared to this, the stock was listed on the stock exchanges at a premium of 114% i.e. at Rs 150, i.e. those who invested in the IPO and got allotment, their money doubled. Bajaj Housing Finance Limited’s Rs 6,560 crore initial public offering (IPO) was subscribed 63.60 times.
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