BAJAJ housing Finance IPO - full details

BAJAJ housing Finance IPO - Shareholder Category Cap of 2,00,000 Confirmed✌️

Issue Dates : 9 - 11 September

Price Band : 66 - 70 ₹ || Lot Size : 214 Shares

Retail Application Amount : 14,980 ₹(GMP=55)

Bajaj Housing Finance IPO is a book built issue of Rs 6,560.00 crores. The issue is a combination of fresh issue of Rs 3,560.00 crores and offer for sale of Rs 3,000.00 crores.

Bajaj Housing Finance IPO opens for subscription on September 9, 2024 and closes on September 11, 2024. The allotment for the Bajaj Housing Finance IPO is expected to be finalized on Thursday, September 12, 2024. Bajaj Housing Finance IPO will list on BSE, NSE with tentative listing date fixed as Monday, September 16, 2024.

Bajaj Housing Finance IPO price bands are yet to be announced.

Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, Jm Financial Limited and Iifl Securities Ltd are the book running lead managers of the Bajaj Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Bajaj Housing Finance IPO RHP for detailed information.

Bajaj Housing Finance IPO Details

IPO Date September 9, 2024 to September 11, 2024

Listing Date [.]

Face Value ₹10 per share

Price [.] to [.] per share

Lot Size 

Total Issue Size [.] shares

(aggregating up to ₹6,560.00 Cr)

Fresh Issue [.] shares

(aggregating up to ₹3,560.00 Cr)

Offer for Sale [.] shares of ₹10

(aggregating up to ₹3,000.00 Cr)

Issue Type Book Built Issue IPO

Listing At BSE, NSE

Share holding pre issue 7,819,575,273

Bajaj Housing Finance IPO Reservation

Investor Category Shares Offered

QIB Shares Offered Not more than 50.00% of the Net offer

Retail Shares Offered Not less than 35.00% of the Offer

NII (HNI) Shares Offered Not less than 15.00% of the Offer

Bajaj Housing Finance IPO Timeline (Tentative Schedule)

Bajaj Housing Finance IPO opens on September 9, 2024, and closes on September 11, 2024.

IPO Open Date Monday, September 9, 2024

IPO Close Date Wednesday, September 11, 2024

Basis of Allotment Thursday, September 12, 2024

Initiation of Refunds Friday, September 13, 2024

Credit of Shares to Demat Friday, September 13, 2024

Listing Date Monday, September 16, 2024

Cut-off time for UPI mandate confirmation 5 PM on September 11, 2024

Bajaj Housing Finance IPO Promoter Holding

Bajaj Finance Limited and Bajaj Finserv Limited are the company promoters.

Share Holding Pre Issue 100.00%

Share Holding Post Issue 

About Bajaj Housing Finance Limited

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018.

The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. The company's mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance.

As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers.

The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.

Company Financials

Bajaj Housing Finance Limited Financial Information (Restated)

Bajaj Housing Finance Limited's revenue increased by 34% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022

Assets 88,538.83 81,827.09 64,654.14 48,527.08

Revenue 2,208.73 7,617.71 5,665.44 3,767.13

Profit After Tax 482.61 1,731.22 1,257.8 709.62

Net Worth 14,719.91 12,233.5 10,503.19 6,741.36

Reserves and Surplus 4,252.83 5,520.81 3,791.03 1,858.03

Total Borrowing 73,347.06 69,129.32 53,745.39 41,492.32

Amount in ₹ Crore

Key Performance Indicator

KPI as of June 30, 2024.

KPI Values

RoNW 3.6%

Check Bajaj Housing Finance IPO Peer Comparison here.

Objects of the Issue (Bajaj Housing Finance IPO Objectives)

The company intends to utilize the net proceeds towards the following objective:

Augment capital base to meet future business requirements of the company towards onward lending.