Bajaj Housing Finance IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Mon, 09 Sep 2024
Close Date
Wed, 11 Sep 2024
Price Band
₹ 66 – 70
Lot Size
214
Issue Size
₹ 6,560.00 Cr
Minimum Investment
₹ 14,980 (214 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Bajaj Housing Finance IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹6,560.00 Crore, comprising a fresh issue of 50.86 Crore equity shares aggregating to ₹3,560.00 Crore and an offer for sale (OFS) of 42.86 Crore equity shares aggregating to ₹3,000.00 Crore by the existing shareholders.
The Bajaj Housing Finance IPO remained open for subscription from September 09, 2024, to September 11, 2024. The basis of allotment was finalized on September 12, 2024, and the company's shares were listed on the NSE and BSE on September 16, 2024.
The company had fixed the price band at ₹66 to ₹70 per share, with a lot size of 214 shares. Retail investors were required to make a minimum investment of ₹14,980 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. 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, and IIFL Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Bajaj Housing Finance Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Bajaj Housing Finance IPO Timeline (Tentative)
- IPO Open Date
- Mon, 09 Sep 24
- IPO Close Date
- Wed, 11 Sep 24
- Basis of Allotment
- Thu, 12 Sep 24
- Initiation of Refunds
- Fri, 13 Sep 24
- Credit of Shares to Demat
- Fri, 13 Sep 24
- Listing Date
- Mon, 16 Sep 24 — NSE & BSE
Open Date
09 September 2024
Close Date
11 September 2024
Basis Of Allotment
12 September 2024
Listing Date
16 September 2024
IPO Subscription
Check Live Subscription →The Bajaj Housing Finance IPO has received bids for 46,19,19,80,464 shares against 72,75,75,756 shares offered, resulting in an overall subscription of 63.49x. the NII category is subscribed 41.39x, Retail Investors 6.85x, Employees 1.95x, and QIBs 209.36x. Within the NII category, BNII is subscribed 47.64x, while SNII is subscribed 28.88x.
QIB
209.36x
NII
41.39x
BNII
47.64x
SNII
28.88x
RII
6.85x
EMP
1.95x
Total
63.49x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 29,30,00,000 shares, representing 31.27% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 16,74,28,580 shares (17.87%), while Non-Institutional Investors (NIIs) receive 12,55,71,430 shares (13.4%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 251,142,856 | 26.8% |
| Qualified Institutions | 167,428,580 | 17.87% |
| Non-Institutional | 125,571,430 | 13.4% |
| BNII | 83,714,286 | 8.93% |
| SNII | 41,857,143 | 4.47% |
| Retail Investors | 293,000,000 | 31.27% |
| Employees | 28,571,428 | 3.05% |
| Others | 71,428,571 | 7.62% |
| Total | 937,142,865 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Bajaj Housing Finance Limited KPI Information
| Particular | KPI as of June 30, 2024. |
|---|---|
| ROE % | 14.3 |
| Debt / Equity | 5 |
| RoNW % | 3.6 |
| PbW | 3.72 |
Peers Comparison
No Peer Comparision Available
About Bajaj Housing Finance Limited
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
Bajaj Housing Finance IPO Promoters
company promoters.
- Bajaj Finance Limited
- Bajaj Finserv Limited
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
87.80%
Bajaj Housing Finance IPO Objective
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.
Bajaj Housing Finance Limited Address / Contact Details
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
Bajaj Housing Finance IPO Lot Size
The Bajaj Housing Finance IPO has a lot size of 214 shares. Retail investors require a minimum investment of ₹14,980 by applying for 1 lot (214 shares). The maximum application allowed for the retail category is 13 lots (2,782 shares), requiring an investment of ₹1,94,740.
| 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 |
Issue Reservation
- Anchor Investors — 26.8%
- QIB — 17.87%
- NII — 13.4%
- RII — 31.27%
- EMP — 3.05%
- Others — 7.62%
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
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Bajaj Housing Finance IPO?
Bajaj Housing Finance IPO is a Book-building IPO with a total issue size of ₹6560 crore. The Bajaj Housing Finance IPO price band is ₹66 to 70 per share. The Bajaj Housing Finance IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Bajaj Housing Finance IPO will be listed on the NSE,BSE. KFin Technologies Limited is the registrar for the Bajaj Housing Finance IPO.
When will the Bajaj Housing Finance IPO open for subscription?
The Bajaj Housing Finance IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
What is Bajaj Housing Finance IPO Price Band?
Bajaj Housing Finance IPO Price Band is ₹66 to 70 per share.
What is Bajaj Housing Finance IPO Lot Size?
Bajaj Housing Finance IPO lot size is 214 shares, Retail investors need a minimum investment of ₹14980 based on the upper price band
What is the minimum investment for Bajaj Housing Finance IPO?
The minimum investment for Bajaj Housing Finance IPO is ₹14980, based on one lot of 214 shares at the upper price band of ₹70 per share.
How to apply for Bajaj Housing Finance IPO?
Investors can apply for the Bajaj Housing Finance IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Bajaj Housing Finance IPO allotment is finalized.
What is Bajaj Housing Finance IPO Issue Size?
Bajaj Housing Finance IPO issue size is ₹6560 crores.
What is the Bajaj Housing Finance IPO Allotment Date?
Bajaj Housing Finance IPO allotment date is Thu, Sep 12, 2024.
Who is the Bajaj Housing Finance IPO Registrar?
The registrar for Bajaj Housing Finance IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Bajaj Housing Finance IPO allotment status, refund processing, and other IPO-related information.
What is the Bajaj Housing Finance IPO GMP?
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 105.71% over the issue price.
Who is the Bajaj Housing Finance IPO Lead Manager?
The book-running lead managers (BRLMs) for the Bajaj Housing Finance IPO are 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, and IIFL Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Bajaj Housing Finance IPO Red Herring Prospectus (RHP).