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Bajaj Housing Finance IPO draws bids worth $39 bn

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Bajaj Housing Finance recently had a highly successful IPO, with bids worth around $38.60 billion, or 64 times the shares on offer. This made it the most sought-after major public listing of the year in the Indian IPO market. The strong interest in the IPO is attributed to the lender's prospects in the booming home loan market and the reputation of the Bajaj group. Bajaj Housing Finance is set to become India's largest listed home loan financier after its $782 million IPO.