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 |
