Bajaj Housing Finance IPO
Open MainLineCurrent GMP
₹74 (+105.71%)
Price Band
₹ 66 – 70
Lot Size
214
Issue Size
₹6560 Cr
Minimum Investment
₹14980 (214 Shares)
Listing Date
16 September 2024
Subscription
63.49x
About the Company
Incorporated in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC), registered with the National Housing Bank (NHB) since 2015, and engaged in mortgage lending since Fiscal 2018. The company is a part of the Bajaj group, which was founded in 1926 and is a diversified business group with interests across various sectors. The company offers financial solutions tailored to individuals and corporate entities for purchasing and renovating homes and commercial spaces. Its mortgage product suite is comprehensive and comprises (i) home loans; (ii) loans against property (LAP); (iii) lease rental discounting; and (iv) developer financing. As of March 31, 2024, The company had 308,693 active customers, 81.7% of whom were home loan customers with a network of 215 branches spread across 174 locations in 20 states and three union territories, which are overseen by six centralized hubs for retail underwriting and seven centralized processing hubs for loan processing.
Peer Comparison
LIC Housing Finance Ltd
PNB Housing Finance Ltd
Can Fin Homes Ltd
Aadhar Housing Finance
Aavas Financiers
Aptus Value Housing Finance
Home First Finance
Promoters
company promoters.
- Bajaj Finance Limited
- Bajaj Finserv Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
87.80%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Augmenting the company’s capital base to meet future business requirements of the company towards onward lending and
- General corporate purposes.
Address / Contact Info
Bajaj Housing Finance Limited
Bajaj Auto Limited Complex,
Mumbai-Pune Road,
Akurdi, Pune - 411035
Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website: https://www.bajajhousingfinance.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 09 September 2024
IPO Close Date
Wednesday, 11 September 2024
Basis of Allotment
Thursday, 12 September 2024
Initiation of Refunds
Friday, 13 September 2024
Credit of Shares to Demat
Friday, 13 September 2024
Listing Date
Monday, 16 September 2024 — NSE & BSE
Important Dates
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 88538.83 | 81827.09 | 64654.14 | 48527.08 |
| Revenue | 2208.73 | 7617.71 | 5665.44 | 3767.13 |
| Profit After Tax | 482.61 | 1731.22 | 1257.8 | 709.62 |
| Net Worth | 14719.91 | 12233.5 | 10503.19 | 6741.36 |
| Reserve & Surplus | 4252.83 | 5520.81 | 3791.03 | 1858.03 |
| Total Borrowings | 73347.06 | 69129.32 | 53745.39 | 41492.32 |
EPS Pre
2.21%
EPS Post
2.32%
P/E Pre
31.62
P/E (Post Issue)
30.20x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 14.3 |
| ROCE % | 0 |
| Debt / Equity | 5 |
| RoNW % | 3.6 |
| PbW | 3.72 |
| Pat Margin % | 0 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 251142856 | 26.8 | 0 |
| Qualified Institutions | 167428580 | 17.87 | 0 |
| Non-Institutional | 125571430 | 13.4 | 0 |
| BNII | 83714286 | 8.93 | 0 |
| SNII | 41857143 | 4.47 | 0 |
| Retail Investors | 293000000 | 31.27 | 0 |
| Employees | 28571428 | 3.05 | 0 |
| Others | 71428571 | 7.62 | 0 |
| Total | 937142865 | 100 | 0 |
Subscription Status ( Wed, 11 Sep 24 11:12 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 177575756 | 37177059692 | 209.36x |
| Non-Institutional | 133181819 | 5512486562 | 41.39x |
| BNII | 88787880 | 4230257840 | 47.64x |
| SNII | 44393939 | 1282228722 | 28.88x |
| Retail Investors | 310757576 | 2128716636 | 6.85x |
| Employees | 30303030 | 59218508 | 1.95x |
| Total | 727575756 | 46191980464 | 63.49x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 214 | 14,980.00 |
| Retail (Max) | 13 | 2,782 | 194,740.00 |
| S-HNI (Min) | 14 | 2,996 | 209,720.00 |
| S-HNI (Max) | 66 | 14,124 | 988,680.00 |
| B-HNI (Min) | 67 | 14,338 | 1,003,660.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Bofa Securities India Limited
- Axis Capital Limited
- Goldman Sachs (India) Securities Private Limited
- JM Financial Limited
- SBI Capital Markets Limited
- Kotak Mahindra Capital Company Limited
- IIFL Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Bajaj Housing Finance IPO is a Book-building IPO worth ₹6560 crores. The price band is ₹66 to 70 per share. The IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Bajaj Housing Finance IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Bajaj Housing Finance IPO Price Band is ₹66 to 70.
Bajaj Housing Finance IPO lot size is 214, and the minimum amount required for application is ₹14980.
The minimum investment for Bajaj Housing Finance IPO is approximately ₹14980 based on the upper price band.
To apply for the Bajaj Housing Finance IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Sep 11, 2024. After submission, funds are blocked until the basis of allotment of Bajaj Housing Finance IPO is finalised.
Bajaj Housing Finance IPO issue size is ₹6560 crores.
Bajaj Housing Finance IPO allotment date is Sat, Jun 27, 2026.
The registrar for Bajaj Housing Finance IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Bajaj Housing Finance IPO through their official website or helpline.
The Bajaj Housing Finance IPO GMP (Grey Market Premium) is ₹74 as of Wed, Sep 11, 2024. Based on the upper price band of ₹70 per share, the estimated Bajaj Housing Finance IPO listing price is ₹144, indicating a potential listing gain of approximately 31% over the issue price.