Bajaj Housing's unlisted shares trade at 120% grey market premium

Unlisted shares of Bajaj Housing Finance were reportedly trading at a premium of 120% over its issue price of ₹66-70 in the grey market on Sunday, ahead of its listing on September 16 (Monday). Grey market premium indicates investors' readiness to pay more than the issue price. The ₹6,560-crore IPO was subscribed over 67 times.