According to a note from Nuvama Alternative & Quantitative Research, as many as 529.1 crore equity shares of Bajaj Housing Finance will become eligible to be traded as its shareholder lock-in ends. The number of shares that become eligible to be traded, amount to 64% of the company’s outstanding equity.
It must be made clear that the end of the shareholder lock-in does not mean that all the shares will be sold in the open market but they only become eligible to be traded.
Promoters of Bajaj Housing Finance still have a 88.75% stake in the company as of the quarter that ended on December 31 last year.
For the quarter that ended in March, Bajaj Housing Finance’s disbursements grew by 25% from last year, while loans grew by a similar quantum to ₹99,500 crore.
The company’s Assets Under Management (AUM) grew by 25.5% to ₹1.14 lakh crore, while its securitisation book also grew nearly 26% year-on-year.
Out of the nine analysts that have coverage on Bajaj Housing, five of them have a “sell” rating on the stock, while three have a “buy” rating. One has a “hold” recommendation.
Shares of Bajaj Housing Finance are trading 3.3% higher on Monday at ₹123.3. The stock is well below its post-listing high of ₹188, but remains above its IPO price of ₹70 per share.
First Published: Apr 15, 2025 6:37 AM IST