Bajaj Housing Finance Ltd (BHFL) became the most valued housing finance company stock with a bumper debut on the bourses.

BHFL settled with a big premium on Monday of nearly 136 per cent on the BSE, giving it a market capitalisation of ₹1.37 lakh crore.

The shares debuted at ₹150 on both the BSE and NSE — a rise of over 114 per cent from the issue price of ₹70.

It ended at ₹164.99 on the BSE which was the upper circuit limit.

On the NSE, the stock zoomed 135.71 per cent to end at ₹165 thereby more than doubling returns for those investors who were successful in the allotment process.

While nearly 6.09 crore shares were transacted on the BSE, the NSE saw more than 63.67 crore shares changing hands.

The solid listing was not a surprise given the huge demand for the initial share sale and strong grey market premium which indicated that the shares could get listed with a premium of at least 100 per cent.

“Magnificent subscription demand by breaking all records got listed as per our expectation. We believe Bajaj brand always rewarded investors and housing finance business give similar opportunity to invest in one of India’s leading players in the housing finance sector,” Prashanth Tapse, senior VP (research), Mehta Equities Ltd, said while commenting on the listing.

Speaking at the listing ceremony, the top management of the company said it would continue to post consistent growth given the potential for the housing finance business in the country.

The share sale was conducted to comply with the Reserve Bank of India’s (RBI) regulations, which require upper-layer non-banking finance companies to be listed on the stock exchanges by September 2025.