Trading
Bajaj Housing Finance shares slide 3% as lock-in expiry frees up 25% equity
Mumbai/IBNS: Shares of Bajaj Housing Finance Ltd. fell around 3 percent in early trade on Monday as its shareholder lock-in period ended, triggering selling pressure, media reports said.
The stock was trading at ₹83.39 apiece in early deals.
Shareholder lock-in period ends
Nearly 25 percent of the company’s outstanding equity—around 210 crore shares—became eligible for trading as the lock-in period expired.
The expiry marks the end of the one-and-a-half-year and longer shareholding restriction for early investors.
At the previous session’s closing price, the total value of shares freed up for trading is estimated at around ₹17,796 crore.
As of the end of the third quarter, Bajaj Finance Ltd. held a 87.6 percent stake in the company, significantly higher than the 75 percent requirement for minimum public shareholding norms.
IPO and listing snapshot
Bajaj Housing Finance Ltd. had launched its initial public offering between September 9 and 11, 2024, and was listed on the BSE and NSE on September 16, 2024.
The IPO was priced in the range of ₹66–₹70 per share and raised around ₹6,800 crore.
The stock had delivered a strong debut, listing at around ₹150—more than double its issue price—and saw robust subscription of about 60 times.
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