Bajaj Housing Finance IPO Soars 114% on Market Debut: A Look at Multibagger Listings in Indian Stock Markets!

Bajaj Housing Finance had an impressive debut on the stock market on September 16, with its shares listing at ₹150 each on the BSE and NSE, which was 114.29% higher than the issue price of ₹70 per share. This means that investors doubled their money from the IPO price.

The stock continued to perform well the next day, September 17, rising another 10% during trading to reach ₹181.48. This brings the total gain to over 159% from the original IPO price of ₹70.

The IPO, open from September 9 to 11, was highly popular, being oversubscribed 63.61 times. Investors placed bids for over 4,628 crore shares, though only 72.75 crore shares were available. The total value of these bids was around ₹3.24 lakh crore. Bajaj Housing Finance raised ₹6,560 crore through this IPO, with ₹3,560 crore coming from the sale of new shares and ₹3,000 crore from an offer-for-sale.

Other Successful IPOs

In addition to Bajaj Housing Finance, other IPOs have also had a strong start in the stock market. Here are eight other companies with impressive listings since 2021:

Premier Energies: Premier Energies listed its shares at ₹990 on the NSE on September 3, 2024, which was 120% higher than the issue price of ₹450. The shares continued to rise and are now trading 147% higher than their IPO price. Premier Energies is a major player in solar cell and module manufacturing.

Unicommerce eSolutions: This company made a strong debut on August 13, 2024, listing at ₹235 per share on the NSE, 117.59% above the issue price of ₹108. The stock has since increased by 124% from its IPO price. Unicommerce eSolutions specialises in e-commerce solutions and technology.

BLS E-Services: On February 6, 2024, BLS E-Services listed its shares at ₹305 on the NSE, 125.93% higher than the issue price of ₹135. Despite some ups and downs, the stock is still trading 95% above its IPO price. BLS E-Services provides outsourcing and business services.

Tata Technologies: Tata Technologies had a great start on November 30, 2023, with shares listed at ₹1,199.95, a 140% premium over the issue price of ₹500. The stock is still trading 119% higher than the IPO price.

Latent View Analytics: Listed on November 23, 2021, at ₹530 per share, Latent View Analytics saw a 169.04% increase from its IPO price of ₹197. The stock has since gained 144.5% from its IPO price.

Sigachi Industries: Sigachi Industries made an impressive debut on November 15, 2021, with shares listed at ₹575, a 252.76% gain from the IPO price of ₹163. However, the stock has since dropped and is now trading 66% lower than its IPO price.

Paras Defence and Space Technologies: Listed on October 1, 2021, at ₹475, a 171.43% premium over its issue price of ₹175, the stock has surged by 553% from its IPO price.

GR Infraprojects: GR Infraprojects listed its shares at ₹1,700 on July 19, 2021, a 103.11% gain from its IPO price of ₹837. The stock is currently up 96% from the original IPO price.

These IPOs have delivered strong returns for investors, showing the potential for significant gains in the stock market.