**Bajaj Housing Finance IPO Expected to See Strong Listing Amid Upward GMP Trends**
The much-anticipated Bajaj Housing Finance IPO is set for an impressive listing, with the Grey Market Premium (GMP) showing strong upward momentum. As of September 16th, 2024, at 6:04 AM, the IPO's last GMP was recorded at ₹75. With a price band set at ₹70, the estimated listing price is expected to be ₹145, representing a significant potential gain of 107.14% per share.
### GMP Performance & Market Sentiment
The IPO has seen a consistent rise in its GMP over the last 26 sessions, with the lowest GMP recorded at ₹36 and the highest at ₹84. This trend suggests positive market sentiment and strong demand for Bajaj Housing Finance shares, further fueling expectations for a robust listing performance. Today's GMP of ₹75 indicates an upward trend, reinforcing investor optimism.
### IPO Sauda Updates
- **Retail Subject to Sauda**: ₹12,200
- **Small HNI Subject to Sauda**: ₹1,70,800
These figures highlight strong participation from retail investors and high net-worth individuals (HNIs), adding to the overall excitement surrounding the IPO.
### Should You Hold or Close Your Position?
With the GMP trending positively and an expected listing gain of over 100%, market analysts recommend holding your position in the IPO for the listing. However, as with any investment, market conditions can shift, and investors should closely monitor the stock's performance on listing day to make informed decisions.
Stay tuned for daily updates on Bajaj Housing Finance's GMP and further insights into its expected listing price.
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