Bajaj Housing Finance share price dropped over 6 percent on October 14 as its one-month lock-in period expired for the anchor investors.
As the lock-in period has ended, as many as many as 12.6 crore shares or 2 percent of the company's outstanding equity will be eligible for trading, Nuvama Alternative & Quantitative Research said in its recent note.
On December 12, Bajaj Housing Finance's three-month lock-in period will expire, and an additional 12.6 crore shares, or 2 percent of the outstanding stock, will be available for trading.
Bajaj Housing Finance stock touched an intraday low of Rs 141.58 per share on the NSE on October 14, down 6.16 percent in Monday's trading session with its market valuation at Rs 1,18,259.68.
The stock was listed at a robust premium of 114 per cent at Rs 150. The Rs 6,560-crore initial public offer (IPO) of Bajaj Housing Finance received an overwhelming response last week, with subscriptions totaling a whopping Rs 3.23 lakh crore.
Bajaj Finance's shares trading flat at Rs 7,230.60 apiece on the NSE, down marginally by 0.98 percent, while Bajaj Finserv Ltd shares were trading at Rs 1,876.05 apiece on the NSE at around 1 pm, down by 0.019 percent.