Bajaj Housing Finance Breaks Records to Become India's Largest Housing Finance Company

Bajaj Housing Finance Limited made a remarkable debut in the stock market on Monday, setting new records and emerging as the largest housing finance company in India. The company’s shares saw an impressive start, marking a significant milestone in the financial sector.

Stellar Stock Market Debut

On its first day of trading, Bajaj Housing Finance Limited’s shares surged by approximately 136% from the issue price of ₹70, closing at ₹165. This sharp increase in share price propelled the company's market capitalization to ₹1,37,406.09 crore, making Bajaj Housing Finance the largest housing finance company in the country.

Ranking of Major Housing Finance Companies

Following Bajaj Housing Finance, other prominent housing finance companies in India are ranked as follows:

1. HUDCO (Housing and Urban Development Corporation)
   Market Cap: ₹49,476.96 crore
   Position: Second largest housing finance company in India.

2. LIC Housing Finance
   Market Cap: ₹37,434.54 crore
   Position: Third largest housing finance company.

3. PNB Housing Finance
   Market Cap: ₹27,581.41 crore
   Position: Fourth largest housing finance company.

4. Aadhar Housing Finance
   Market Cap: ₹20,045.16 crore
   Position: Fifth largest housing finance company.

5. Aptus Value Housing Finance India
   Market Cap: ₹16,598.17 crore
   Position: Sixth largest housing finance company.

6. Housing Finance Company
   Market Cap: ₹14,278.33 crore
   Position: Seventh largest housing finance company.

7. Can Fin Homes
   Market Cap: ₹11,983.87 crore
   Position: Eighth largest housing finance company.

8. Suman Capital
   Market Cap: ₹11,773.23 crore
   Position: Ninth largest housing finance company.

9. Home First Finance Company India
   Market Cap: ₹10,602.99 crore
   Position: Tenth largest housing finance company.

Blockbuster IPO Performance

Bajaj Housing Finance’s IPO was a massive success, with the issue receiving 63.60 times subscription on the final day of bidding, September 11. The price band for the issue was set at ₹66-70 per share. The share sales were conducted in compliance with Reserve Bank of India regulations, which mandate that leading non-banking financial companies must be listed on stock exchanges by September 2025. The firm provides financing for the purchase and renovation of housing and commercial assets.