Bajaj Housing Finance Limited IPO

NiftyTrader • September 9, 2024

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Bajaj Housing Finance Limited IPO

Bajaj Housing Finance Limited IPO opens on September 9, 2024, and closes on September 11, 2024. The allotment for the Bajaj Housing Finance Limited IPO is anticipated to be completed on Thursday, September 12, 2024. The IPO will be tentatively listed on the NSE and BSE on Monday, September 16, 2024.

Bajaj Housing Finance Limited IPO’s price band is Rs 66 to Rs 70 per share. The IPO is a book-built issue of Rs 6,560.00 crores. The issue is a combination of a fresh issue of 50.86 crore shares.

Bajaj Housing Finance IPO Details

IPO Date	September 9, 2024 to September 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹66 to ₹70 per share
Lot Size	214 Shares
Total Issue Size	937,142,858 shares (aggregating up to ₹6,560.00 Cr)
Fresh Issue	508,571,429 shares (aggregating up to ₹3,560.00 Cr)
Offer for Sale	428,571,429 shares of ₹10 (aggregating up to ₹3,000.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	7,819,575,273
Shareholding post-issue	8,328,146,702

Bajaj Housing Finance IPO Lot Size

Investors can bid for a minimum of 214 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	214	₹14,980
Retail (Max)	13	2782	₹194,740
S-HNI (Min)	14	2782	₹209,720
S-HNI (Max)	66	14,124	₹988,680
B-HNI (Min)	67	14,338	₹1,003,660

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.

About Bajaj Housing Finance Limited

Founded in 2008 and registered with the National Housing Bank (NHB) since 2015, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) under the Bajaj Group. Since 2018, the company has been offering mortgage loans, including home loans, loans against property (LAP), rent concessions, and developer finance. As of March 31, 2024, Bajaj Housing Finance serves 308,693 active customers, with 81.7% holding home loans. The company operates 215 branches across 174 locations in 20 states and three union territories, supported by six centralized retail loan review centers and seven centralized loan processing centers.

Bajaj Housing Finance Limited Financial Information

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

Bajaj Housing Finance IPO Reservation

Bajaj Housing Finance IPO offers 93,71,42,865 shares. 16,74,28,580 (17.87%) to QIB, 12,55,71,430 (13.4%) to NII, 29,30,00,000 (31.27%) to RII, 2,85,71,428 (3.05%) to employees and 25,11,42,856 (26.8%) to Anchor investors.

Investor Category	Shares Offered
Anchor Investor Shares Offered	25,11,42,856 (26.8%)
bNII > ₹10L	8,37,14,286 (8.93%)
sNII < ₹10L	4,18,57,143 (4.47%)
QIB Shares Offered	16,74,28,580 (17.87%)
NII (HNI) Shares Offered	12,55,71,430 (13.4%)
Retail Shares Offered	29,30,00,000 (31.27%)
Employee Shares Offered	2,85,71,428 (3.05%)
Other Shares Offered	7,14,28,571 (7.62%)
Total Shares Offered	93,71,42,865 (100%)

Bajaj Housing Finance IPO Timeline

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
A 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