15 Apr , 2025 By : Debdeep Gupta
Bajaj Group player Bajaj Housing Finance shares will be in focus during the April 15 session, as the NBFC's one-year shareholder lock-in expires today.
As many as 529.1 crore shares or 64 percent of its outstanding equity will be freed up for trade, noted domestic brokerage Nuvama Institutional Equities.
At 9.25 am, shares of the housing finance player were quoting Rs 123.22, up 3.2 percent on the NSE compared to the previous session's closing price.
While the value pertains to the total lock-up opening shares, it’s important to note that not all of these shares will come for sale as a sizable portion of these shares are also held by promoter and group entities.
As of the December quarter shareholding pattern, the promoters of Bajaj Housing Finance hold a 88.75 percent stake in the company.
While the Bajaj Housing Finance stock is trading over 70 percent higher than its issue price of Rs 70 at Rs 119.6 per share, it has correct over 37 percent from its post-listing high of Rs 188. Further, the current stock price of the company is below its listing price. The shares of the company debuted on the exchanges at Rs 150 apiece.
Bajaj Housing has reported strong provisional numbers for the March quarter, with Assets Under Management (AUM) rising 26 percent year-on-year to around Rs 1.14 lakh crore as of March 31, 2025. It stood at Rs 91,370 crore a year earlier. Loan assets grew significantly to Rs 99,500 crore, compared to Rs 79,301 crore in the same period last year.
The Rs 6,560-crore initial public offer (IPO) of Bajaj Housing Finance received an overwhelming response in 2024, with subscriptions totaling a whopping Rs 3.23 lakh crore. The IPO consisted of a fresh issue of equity shares amounting to Rs 3,560 crore and an offer-for-sale (OFS) of equity shares worth Rs 3,000 crore by parent company Bajaj Finance.
Bajaj Housing Finance, registered with the National Housing Bank in September 2015, is a non-deposit-taking housing finance company. The company provides financial solutions for buying and renovating both residential and commercial properties.
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