Breakingviews - India's mortgage IPO builds on many riches
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 surged 125% on their debut, leading to a market capitalization of nearly $16 billion, driven by strong demand for home loans in India and low default rates.
Market Valuation Concerns: Despite the successful launch, there are concerns about high equity market valuations in India, with MSCI India trading at 24 times one-year forward earnings, which may challenge future growth prospects.
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.
