Winning Bizness Desk

Mumbai. Bajaj Housing Finance Limited (BHFL) broke all records on the first day of listing in the stock market on Monday and emerged as the country's largest housing finance company. The company's shares had a great start, giving huge profits to the investors. The issue price was Rs 70, but on the very first day in the market, its shares rose by about 136% and closed at Rs 165. Due to this rise in shares, the market cap of Bajaj Housing Finance reached Rs 1,37,406.09 crore, making it the country's largest housing finance company. This historic listing of the company created a stir in the market and proved to be a new milestone in the Indian housing finance sector.

List of Top 10 Housing Finance Companies

After this success of Bajaj Housing Finance, the list of top 10 housing finance companies in India has changed:

1) Bajaj Housing Finance Limited: Market cap of Rs 1,37,406.09 crore – 1st position.

2) Housing and Urban Development Corporation (HUDCO): Market cap of Rs 49,476.96 crore – 2nd position.

3) LIC Housing Finance: With a valuation of Rs 37,434.54 crore – 3rd position.

4) PNB Housing Finance: Market cap of Rs 27,581.41 crore – 4th position.

5) Aadhar Housing Finance: Market cap of Rs 20,045.16 crore – 5th position.

6) Aptus Value Housing Finance India: Market cap of Rs 16,598.17 crore – 6th position.

7) Aavas Financiers: Market cap of Rs 14,278.33 crore – 7th position

8) Can Fin Homes: Market cap of Rs 11,983.87 crore – 8th position.

9) Samman Capital: Market cap of Rs 11,773.23 crore – 9th position.

10) Home First Finance Company India: Market cap of Rs 10,602.99 crore – 10th position

IPO had a great performance

Bajaj Housing Finance's IPO also received a great response from the market. The Rs 6,560 crore IPO received 63.60 times subscription on the last day of bidding on September 11. The price band for the issue was kept at Rs 66-70 per share. The company's listing on the stock market was done under the rules of the Reserve Bank of India, which mandates listing by September 2025 for leading non-banking financial companies. Bajaj Housing Finance provides finance for the purchase and renovation of housing and commercial properties across the country, and has now strengthened its hold in this sector by becoming the country's largest housing finance company.

BHFL is part of the Bajaj Group

Bajaj Housing Finance Limited (BHFL) provides a range of financial services focused on housing and property-related solutions. Established as a subsidiary of Bajaj Finance Limited, one of the largest and most reputed non-banking financial companies (NBFCs) in India, BHFL has quickly gained prominence in the housing finance sector. It offers home loans, loans against property, home loan balance transfer and loans for home renovation and improvement. Bajaj Finance Limited, the parent company, is part of the Bajaj Group, one of India’s oldest and most respected business conglomerates. Bajaj Finance is a major player in the financial services sector, offering a wide range of loans, investment products, and insurance.