Bajaj Housing Finance's value doubles to $16 bln in fourth-best Indian market debut this year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
0mins
Source: Reuters
Bajaj Housing Finance IPO Success: Bajaj Housing Finance's shares more than doubled on their trading debut, making it the fourth-best major listing in India's IPO market this year, with a valuation of $16 billion, driven by strong demand for its $782 million IPO.
Market Reactions and Future Outlook: Despite the initial surge, analysts express concerns over high valuations, suggesting that the stock may underperform in the medium term, while the company's chairman remains optimistic about stable net interest margins and industry growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
