IPO: Monday was a bustling day for the IPO market, highlighted by several significant developments. Bajaj Housing Finance launched its Rs 6,560-crore IPO, which saw overwhelming demand with subscriptions reaching twice the number of available shares. High net worth investors were especially active, subscribing to their allotted portion 4.5 times. The sections reserved for shareholders of Bajaj Finance and Bajaj Finserv were subscribed over two times, while the retail section reached 1.5 times. Institutional investors, who typically subscribe on the last day, bucked the trend by subscribing 1.1 times on the first day. The offer is set to close on Wednesday.

Ather Energy, a prominent electric two-wheeler manufacturer in India, filed for a Rs 4,500-crore IPO, potentially valuing the company at around Rs 21,000 crore. Hero MotoCorp, which owns a 37% stake in Ather, stands to benefit significantly from the listing. The previous month saw Ola Electric Mobility list its Rs 6,145-crore IPO, further underscoring the growing investor interest in the electric vehicle sector.

Shree Tirupati Balajee Agro Trading’s Rs 170-crore IPO closed after being oversubscribed 127 times, generating demand worth approximately Rs 14,700 crore (excluding anchor investor contributions). The company caters to manufacturers requiring bulk packaging solutions.

Additionally, Gala Precision Engineering, which recently closed its Rs 168-crore IPO with a subscription of over 200 times, debuted on the BSE at a 42% premium. Its shares, offered at Rs 529 each, listed at Rs 750 and closed at Rs 787, marking a robust performance on its first trading day. With 16 IPOs lined up this week, investor enthusiasm in the market remains high.