BENGALURU (Reuters) – India’s Bajaj Housing Finance shares debuted at over double the offer price in pre-open trade on Monday as investors bet on strong growth in a booming home loan market.
The stock listed at 150 rupees on the National Stock Exchange of India, compared with an offer price of 70 rupees.
The company – the second-biggest home loan financier in the country by assets under management (AUM) and the hottest float this year – attracted bids worth about $38.60 billion last week.
(Reporting by Dimpal Gulwani in Bengaluru)
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