Mumbai/IBNS, April 13 -- Shares of Bajaj Housing Finance Ltd. fell around 3 percent in early trade on Monday as its shareholder lock-in period ended, triggering selling pressure, media reports said.

The stock was trading at Rs.83.39 apiece in early deals.

Shareholder lock-in period ends

The expiry marks the end of the one-and-a-half-year and longer shareholding restriction for early investors.

At the previous session's closing price, the total value of shares freed up for trading is estimated at around Rs.17,796 crore.

IPO and listing snapshot

Bajaj Housing Finance Ltd. had launched its initial public offering between September 9 and 11, 2024, and was listed on the BSE and NSE on September 16, 2024.

The stock had delivered a strong...