Bajaj Housing Finance Ltd. makes a strong debut on the bourses with scrip got listed at Rs 150.00 on the Bombay Stock Exchange, a 114.28 per cent premium to its issue price of Rs 70.00. On the National Stock Exchange, the stock was listed at Rs 150.00.

The company, which raised 97.87 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 9,787.19 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Sep 09 to Sep 11.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for .

Kotak Mahindra Capital Company Limited,Goldman Sachs (India) Securities Private Limited,JM Financial Ltd.,BofA Securities India Limited,Axis Capital Ltd.,IIFL Securities Ltd.,SBI Capital Markets Ltd. as lead managers & KFin Technologies Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 82,890.94, down 71.77 points, or 0.08 per cent.