Check out the latest buzz in the investment world! Bajaj Housing Finance’s recent IPO has been making waves, with shares hitting the upper circuit for two consecutive days. Investors who got in on the IPO are already seeing returns that have doubled their invested money. The issue price ranged from RS 66-70, but it soared to RS 150 upon listing, marking a whopping 114.29% surge on the first day!
This incredible performance is reminiscent of TATA Technologies’ IPO, where investors also saw their money double. However, TATA Technologies’ stock has been trading below its listing price since then, leaving investors wondering about the future of Bajaj Housing Finance’s stock. Will it follow a similar path or continue to climb?
It’s interesting to note that in India, traditional assets like houses, gold, and fixed deposits are typically more trusted than technology investments. Could this be the reason behind Bajaj Housing Finance’s stellar performance? The company issued shares worth Rs 6,560 crore, but the overwhelming response from investors resulted in applications totalling Rs 3.24 lakh crore, setting a new record. This IPO has certainly caught the attention of the investment community and now the price is around Rs 160 and if you thinking for investing in company and buy stock then you can open a Demat A/C in Upstox There are 13 institutional investors including Kalaari Capital, Tiger Global Management and Xceed. Xceed is the largest institutional investor in Upstox. Ratan N Tata and 11 others are Angel Investors in Upstox.
Open a Demat A/C in Upstox and start investing
This is just a purpose of giving information and we are not a SEBI register & it”s not a buying or selling recommendation
