Bajaj Housing Finance Falls 2.5% as 210 Cr Shares Freed for Trade

Shares of Bajaj Housing Finance Limited fell by 2.49% to Rs 83.80 on the National Stock Exchange on 13 April, as the one-and-a-half year lock-in period expired for up to 210 crore shares, equivalent to 25% of the company’s total outstanding equity.

Valued at roughly Rs 17,976 crore at the previous session’s close of Rs 85.94, the freed shares represent a sizeable overhang event for the stock. It is important to note that the end of the lock-in does not automatically trigger a sell-off. These shares simply become eligible for trading from today’s session onwards.

Promoter Bajaj Finance held 87.6% stake in the housing finance arm at the end of the December quarter. That figure remains well above the Minimum Public Shareholding threshold of 75%.

In its provisional business update for the March quarter, the firm disclosed gross disbursements of Rs 17,530 crore, up 23% year on year from Rs 14,254 crore. Assets under management climbed 23% to Rs 1.4 lakh crore as of 31 March, while loan assets stood at around Rs 1.23 lakh crore against Rs 99,513 crore a year earlier.

At 9:43 am, shares were down by 2.49% at Rs 83.80 on NSE. The stock has shed nearly 30% over the past year and is down 12.81% year to date. It remains 54% below its post-listing high of Rs 188.5, having listed in September 2024 at a 114% premium to its IPO issue price of Rs 70, making Bajaj Housing Finance India’s second most-bid IPO on record.

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