Bajaj Housing Finance Ltd.’s shares more than doubled in their trading debut after India’s biggest new listing of the year, reflecting a surge of local enthusiasm toward initial public offerings that continue to fuel concern about gush of liquidity pushing up valuations.

The Indian lender saw its stock price more than double as it made its trading debut on the Bombay Stock Exchange

Bajaj Housing Finance's IPO, one of India's largest offerings this year, opens for public subscription on Monday after raising about $209 million from major institutional investors, with analysts predicting strong interest amid booming demand for home loans.

Brokerages have initiated 'buy' calls on Bajaj Housing Finance, citing management's strong pedigree to position it as the next 'HDFC' and its superior asset quality

As far as the listing of the shares is concerned, Bajaj Housing Finance was listed on the equity markets at the price of Rs 150 per share on September 16. The stock was listed with a premium of 114 per cent. The listing price was double the issue price of Rs 70 per share.

Bajaj Housing Finance's shares more than doubled in their trading debut on Monday, making it the fourth-best major listing in a red-hot Indian IPO market this year and valuing the company at $16 billion,

Bajaj Housing Finance shares jumped by 10% on Tuesday, closing at Rs 181.48 on BSE and Rs 181.50 on NSE. The stock has increased by 159.28% from its i

Sanjiv Bajaj, chairman of the home-loan unit of India’s largest shadow lender and part of one of the country’s oldest conglomerates, said banks have focused on retail business in recent years, given s