Bajaj Housing Finance IPO Details
The Bajaj Housing Finance IPO is a book build issue with a total issue size of ₹6560 cr, comprising of fresh issue of 508571429 equity shares., and a offer for sale of 428571429 equity shares. Bajaj Housing Finance IPO opened for subscription on Sep 09, 2024 and closed on Sep 11, 2024. Bajaj Housing Finance IPO is set price band at ₹66 to ₹70 per share, with a lot size of 214 shares. Minimum investment for Retail investors was ₹14,980.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 12, 2024, and listed on both the NSE and BSE on Sep 16, 2024.
Kfin Technologies Limited has been appointed as the registrar. 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 are the Book Running Lead Manager for the issue.
Before investing in the Bajaj Housing Finance IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 66 – 70
- Lot Size
- 214
- Issue Size
- ₹6560 Cr
- Minimum Investment
- ₹14980 (214 Shares)
- Listing Date
- 16 September 2024
Current GMP
₹74 (+105.71%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
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
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 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.
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 per share.
Bajaj Housing Finance IPO lot size is 214 shares, Retail investors need a minimum investment of ₹14980 based on the upper price band
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.
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.
Bajaj Housing Finance IPO issue size is ₹6560 crores.
Bajaj Housing Finance IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.