Bajaj Housing Finance Shares Gain Up To 5 Per Cent After Shareholder Lock-In Period Ends

Shares of Bajaj Housing Finance gained as much as 5.4 per cent on Tuesday, April 15 to hit the day’s high at Rs 125.35 on the NSE after its one-year shareholder lock-in period expired today. Over 529.1 crore shares or 64 per cent of its outstanding equity was freed up for trade, domestic brokerage Nuvama Institutional Equities noted.

Bajaj Finance’s housing finance arm is trading around 80 per cent higher than its issue price of Rs 70. However, it has corrected over 33 per cent from its post-listing high of Rs 188.50 per share on the NSE. The company’s shares debuted on the exchanges NSE and BSE on September 16, 2024, at Rs 150 apiece.

Shareholding patterns showed that Promoters hold 88.75 per cent equities, as of the December quarter, 2024.

Bajaj Housing Finance Q4 Business Update

Bajaj Housing Finance reported a gross disbursement of Rs 14,250 crore in the March quarter as against Rs 11,393 crore in the year-ago period.

The company's asset under management (AUM) for the company grew 26 per cent to Rs 1,14,680 crore as of March 31, 2025. Its loan assets stood at Rs 99,500 crore as of March 31, 2025, as against Rs 79,301 crore in the year-ago period.

What Is Lock-In Period?

Promoters and anchor investors have a lock-in period for their investments before which they cannot sell their holdings. The duration of the lock-in period varies for different categories of investors. This has been put in place to support price stability by preventing a sudden surge of shares into the market immediately after the IPO listing.

As per Securities and Exchange Board of India (Sebi) guidelines, there are three types of lock-in periods.

1. For anchor investors, the lock-in period is 90 days from the date of allotment on 50 per cent of shares allotted, followed by a 30-day lock-in period on the remaining 50 per cent of shares

2. For promoters, if the shares allotted to them amount to up to 20 per cent of the post-issue paid-up capital, then the lock-in period is for 18 months. However, if allotted shares exceed the 20 per cent threshold, the additional shares are subject to a shorter lock-in period of six months

3. For the non-promoter category, the lock-in period is six months.