Bajaj Housing Finance Ltd. share price is set to be in focus on Monday, Oct. 14, as the one-month lock-in period for shareholders comes to an end. This development means that approximately 12.6 crore shares, representing about 1.51% of the company’s outstanding equity, will become eligible for trading.
While the conclusion of the lock-in period may raise concerns about potential selling pressure, it is important to note that this does not guarantee that all investors will sell their lock-in shares in the market.
The company made its stock market debut on September 16, launching at an IPO price of Rs 70 per share. Following a remarkable 135% jump on its first trading day, the stock reached a post-listing high of Rs 188. However, it has since faced a downturn, closing at Rs 150 per share on Friday, maintaining its initial listing price.
The stock has risen 115% from its issue price so far.
