.3 min went through Last Upgraded: Sep 11 2024|8:22 PM IST.Bajaj Casing Financing's initial allotment sale experienced record-breaking real estate investor demand, along with advancing bids for the Rs 6,560-crore offering going beyond Rs 3.2 mountain. The going public (IPO) also attracted just about 9 thousand applications, surpassing the previous record stored by Tata Technologies of 7.35 thousand.The amazing reaction has actually set a new benchmark for the Indian IPO market and also cemented the Bajaj group's legacy as a creator of outstanding investor worth through domestic monetary powerhouses Bajaj Financial and also Bajaj Finserv.Market professionals think this achievement emphasizes the toughness as well as deepness of the $5.5 trillion domestic equities market, showcasing its own ability to sustain big reveal purchases..This turning point begins the heels of 2 strongly expected IPOs of worldwide auto primary Hyundai's India, which is anticipated to raise Rs 25,000 crore, and SoftBank-backed Swiggy, whose issue size is actually secured at over Rs 10,000 crore.Bajaj Casing's IPO saw strong demand around the real estate investor sector, along with general need surpassing 67 times the allotments available. The institutional investor part of the concern was actually signed up a shocking 222 opportunities, while high total assets private sections of up to Rs 10 lakh and also more than Rs 10 lakh found subscription of 51 times and also 31 times, respectively. Bids from specific investors went over Rs 60,000 crore.The frenzy neighboring Bajaj Casing Money management resembled the excitement viewed throughout Tata Technologies' debut in November 2023, which noted the Tata Group's first public offering in almost twenty years. The problem had actually gathered offers worth more than Rs 2 mountain, and Tata Technologies' allotments had surged 2.65 times on launching. In a similar way, reveals of Bajaj Property-- described as the 'HDFC of the future'-- are anticipated to much more than double on their investing launching on Monday. This could value the business at a shocking Rs 1.2 mountain, creating it India's a lot of valuable non-deposit-taking property financial provider (HFC). Presently, the place is occupied by LIC Casing Money, valued at Rs 37,151 crore.At the upper end of the price band of Rs 66-70, Bajaj Housing-- completely owned by Bajaj Financing-- is valued at Rs 58,000 crore.The high valuations, nevertheless, have increased concerns one of experts.In a study details, Suresh Ganapathy, MD and also Head of Financial Services Research at Macquarie, observed that at the upper end of the appraisal sphere, Bajaj Housing Finance is priced at 2.6 times its predicted publication market value for FY26 on a post-dilution basis for a 2.5 per cent profit on properties. Also, the details highlighted that the provider's gain on equity is expected to decrease from 15 per-cent to 12 percent complying with the IPO, which raised Rs 3,560 crore in fresh capital. For circumstance, the preceding HFC mammoth HDFC at its own height was valued at just about 4 opportunities manual value.First Posted: Sep 11 2024|8:22 PM IST.