Bajaj Housing Finance had listed on the exchanges in September 2024 with a 114% premium to its issue price of ₹70 apiece. It then went on to hit a post-listing high of ₹188.5 apiece. It is currently 54% below those levels. It is India's second most-bid IPO following LG Electronics India Ltd.

Bajaj Housing Finance shares in focus as 210 crore shares worth ₹18,000 free up for trade

At the end of the third quarter, promoter Bajaj Finance held 87.6% stake in Bajaj Housing Finance. This is still higher than the Minimum Public Shareholding requirement of 75%.

By Shloka Badkar

Shares of Bajaj Housing Finance Ltd. are in focus on Monday, April 13, as 25% of its outstanding equity or up to 210 crore shares free up for trade as their shareholder lock-in period ends.

Bajaj Housing Finance will see its one-and-a-half-year and beyond shareholder lock-in period end in today's session, according to Nuvama Alternative & Quantitative Research.

As per the previous closing price of the stock, the total value of the shares that get freed up for trade today is worth ₹17,976 crore.

It is important to note that the lock-in period ending does not mean these shares will be sold in the open market. It just means they will become eligible for trading.

At the end of the third quarter, promoter Bajaj Finance held 87.6% stake in Bajaj Housing Finance. This is still higher than the Minimum Public Shareholding requirement of 75%.

The stock had listed on the exchanges in September 2024 with a 114% premium to its issue price of ₹70 apiece. It then went on to hit a post-listing high of ₹188.5 apiece. It is currently 54% below those levels. It is India's second most-bid IPO following LG Electronics India Ltd.

Last week, Bajaj Housing Finance reported its provisional business update for the March quarter.

Its gross disbursement was up 23% at ₹17,530 crore from ₹14,254 crore in the previous year. Its assets under management (AUM) were up 23% at ₹1.4 lakh crore as on March 31, 2206 from ₹1.14 crore in the previous year. Bajaj Housing Finance's AUM increased by ₹7,290 crore in the March quarter. Its loan assets were around ₹1.23 lakh crore at the end of the March from ₹99,513 crore in the year-ago period.

Bajaj Housing Finance shares ended the previous session 2.5% up at ₹85.99 apiece. The stock has declined 10.5% this year, so far. The stock has seen a small rebound after testing its 52-week low level of ₹72.5, which is very close to its issue price of ₹70 apiece.

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