India's Bajaj Housing Finance stock more than doubles in debut

Share price jump values company at $16bn, as IPO market continues to boom

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The blockbuster listing of Bajaj Housing Finance is the latest in India's booming IPO market. © Reuters

BENGALURU (Reuters) -- Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday, giving the company a market capitalization of 1.34 trillion rupees ($16 billion) and making it India's most valuable listed home loan financier.

The blockbuster listing is the latest in India's booming IPO market that has seen over 200 companies raise more than $7 billion this year as the stockmarket scales new highs.

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