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The Bajaj Housing Finance IPO has exploded in popularity on Google search, topping trends on Thursday morning. Search interest for the Rs 6,560-crore initial public offering surged by 300% in just three hours, reflecting massive public intrigue.
The IPO, which closed on Wednesday, attracted an unprecedented response with 88.94 lakh applications totaling Rs 3.24 lakh crore—making it the highest amount ever for an IPO at the upper end of the price band. The net public offer was Rs 4,802 crore, with an anchor investor quota of Rs 1,758 crore. The issue was oversubscribed by a staggering 63.61 times.
Qualified Institutional Buyers (QIBs) drove extraordinary demand, with subscriptions hitting 209.36 times at the lower end and 222 times at the upper end of the price band, totaling Rs 260,239 crore. High Net-Worth Individuals (HNI-NII) subscribed 43.97 times, with investments totaling Rs 38,605 crore. Retail investors subscribed 6.98 times at the lower end and 7.32 times at the upper end, amounting to Rs 15,011 crore.
Post-listing, Bajaj Housing Finance is poised to potentially exceed a market capitalization of Rs 1 lakh crore, positioning itself as the most valuable housing finance company and top-tier NBFC in the Indian stock market, according to industry experts.
