An anchor lock-in refers to the mandatory period during which anchor investors are restricted from selling the shares they purchase in an Initial Public Offering (IPO)
Shares of Bajaj Housing Finance surged 4.2 per cent at Rs 142.30 a piece on the BSE in Monday's intraday deals
This is the first quarterly earnings report after its equity capital market listing in September 2024
The company, a unit of non-bank lender Bajaj Finance , reported its first quarterly earnings since its $782 million initial public offering in September that gathered strong investor interest
The fall in Bajaj Housing Finance shares shares came as the company saw its lock-in period end on October 14, 2024, for 126 million shares.
Last week, HSBC Global Research initiated coverage on Bajaj Housing Finance with 'Reduce' rating and a target price of Rs 110 per share.
Bajaj Housing Finance's AUM for the quarter ended September 30 grew 26 per cent to Rs 1,02,550 crore
Bajaj Housing Finance, which more than doubled on listing day, added Rs 1.36 trillion to the group's mcap
Bajaj Housing Finance shares had gained 20.9 per cent, since listing at a premium of 114%, at Rs 150 on the BSE on Monday
Bajaj Housing, which is backed by the Bajaj Group, has between FY22 and FY24 grown exceptionally in terms of assets under management and profit, according to analysts
Bajaj Housing Finance shares were listed at Rs 150 on the BSE, and NSE, surging 114.28 per cent above the IPO issue price of Rs 70
PhillipCapital pegs Bajaj Housing Finance's balance sheet at over Rs 2 trillion in three years