Bajaj Housing Finance Limited made a strong debut on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today, listing at Rs 150 per share, marking a significant premium of 114% over its issue price of Rs 70 per share. This impressive opening underscores the robust demand for the Bajaj Group’s housing finance arm, which emerged as the most sought-after IPO of the year.

The company’s public issue, which was open for subscription between September 9 and September 11, saw an overwhelming response. The IPO was subscribed 63.61 times on its final day, with the institutional investor portion being subscribed more than 200 times. Bajaj Housing Finance’s IPO had a total issue size of Rs 6,560 crore, but the subscription amount surged to Rs 3.23 lakh crore.

The offering comprised an offer for sale (OFS) of Rs 3,560 crore and a fresh issue of Rs 3,000 crore. Funds from the OFS will be directed to the company’s promoters, while the fresh issue proceeds will benefit the company directly.

Subscription figures reveal strong interest across all categories: the institutional quota was oversubscribed by 209.36 times, non-institutional quota by 41.36 times, retail quota by 7.04 times, employee quota by 2.05 times, and the reserved portion for shareholders by 17.53 times.

Bajaj Housing Finance's IPO was priced between Rs 66 and Rs 70. The company, part of the Bajaj Group, provides loans to high-end individual homebuyers and large-scale developers. It operates 215 branches across India as of June 30.

In early trading today, both Sensex and Nifty reached new all-time highs, with the Sensex up 132 points at 83,023 and Nifty rising 45 points to 25,401.