With Bajaj Housing Finance making a spectacular debut on September 16, many investors who missed the IPO allotment or didn’t apply for the initial share offering might be evaluating whether to buy the stock now. The key to making a decision lies in a cautious approach and considering long-term growth potential, based on individual risk tolerance.
Bajaj Housing Finance IPO: A Strong Start
Bajaj Housing Finance shares launched at Rs 150 on the listing day, marking a significant 114% premium over the IPO price of Rs 70. The stock quickly surged further, hitting the upper circuit limit at Rs 164.99. This impressive performance has elevated Bajaj Housing Finance’s market capitalization to over Rs 1.37 lakh crore, according to NSE data.
IPO Subscription Highlights
The Rs 6,560-crore IPO of Bajaj Housing Finance saw an extraordinary subscription rate, with the issue being oversubscribed nearly 64 times in just three days. Institutional buyers showed overwhelming interest, with bids totaling 4,627 crore shares against the 72.75 crore shares available.
Should You Invest Now?
For those who missed out on the IPO, buying shares now may still be an option, but it requires careful consideration. Experts recommend a cautious investment strategy for long-term growth, keeping in mind your personal risk appetite. The initial success of the stock should be weighed against your investment goals and market conditions.
Overall, while the initial gains are enticing, a thoughtful approach and alignment with long-term financial objectives are crucial before making any investment decisions.