CashNews.co
BENGALURU (Reuters) — Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday, giving the company a market capitalization of 1.34 trillion rupees ($16 billion) and making it India’s most valuable listed home loan financier.
The blockbuster listing is the latest in India’s booming IPO market that has seen over 200 companies raise more than $7 billion this year as the stockmarket scales new highs.