Bajaj Housing Finance IPO Date, Review, Price, Allotment Details

Bajaj Housing Finance IPO is opening for subscription on September 9, 2024, and closing on September 11, 2024. This Main-board IPO aims to raise ₹6560.00 crore, consists of ₹3560.00 Crore fresh issue and ₹3000.00 Crore offer for sale of 428,571,429 equity shares, each with a face value of ₹10. The price band for the Bajaj Housing Finance IPO is fixed at ₹66 – ₹70 Per Share, with a market lot of 214 Shares.The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Bajaj Housing Finance IPO Allotment will done on September 12, 2024, and Bajaj Housing Finance IPO listing date is September 16, 2024.

 

Bajaj Housing Finance Company Profile

Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank since September 2015. They offer a wide range of mortgage products, including home loans, loans against property, lease rental discounting, and developer financing. The company has been classified as an “Upper Layer” NBFC by the RBI since 2022, based on its significant size and operations.

Key Strengths:

• Largest non-deposit-taking HFC in India within seven years of operation.
• Second largest HFC and eighth largest NBFC-UL by AUM.
• Strong financial performance with a focus on prime housing loans and low GNPA (Gross Non-Performing Assets) ratio of 0.27%.
• Highest credit ratings for both long-term and short-term borrowing programs.

 

Bajaj Housing Finance IPO GMP

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Bajaj Housing Finance IPO Objectives

The funds raised through the IPO will be utilized for:

1. Augmenting additional working capital requirements
2. General Corporate Purposes

 

Bajaj Housing Finance IPO Key Details

• Bajaj Housing Finance IPO Open Date: September 9, 2024
• Bajaj Housing Finance IPO Close Date: September 11, 2024
• Bajaj Housing Finance IPO Size: Approximately ₹6560.00 crores, 428,571,429 Equity Shares
• Face Value: ₹10 Per Equity Share
• Bajaj Housing Finance IPO Price Band: ₹66 – ₹70 Per Equity Share
• Bajaj Housing Finance IPO Listing on: NSE & BSE
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

Bajaj Housing Finance IPO Timeline

• Bajaj Housing Finance IPO Open Date: September 9, 2024
• Bajaj Housing Finance IPO Close Date: September 11, 2024
• Basis of Allotment: September 12, 2024
• Refunds: September 12, 2024
• Credit to Demat Account: September 12, 2024
• Bajaj Housing Finance IPO Listing Date: September 16, 2024

 

How to Apply for Bajaj Housing Finance IPO

Investors can apply for the Bajaj Housing Finance IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

Bajaj Housing Finance Financial Performance (in Crores)

• Year 2022: Revenue ₹3,767.13, Expense ₹2,807.27, PAT ₹709.62
• Year 2023: Revenue ₹5,665.44, Expense ₹3,965.38, PAT ₹1,257.80
• Year 2024: Revenue ₹7,617.71, Expense ₹5,456.39, PAT ₹1,731.22
• June 2024: Revenue ₹2,208.73, Expense ₹1,578.85, PAT ₹482.61

 

Bajaj Housing Finance Valuation FY2023

• Earnings Per Share (EPS): ₹2.6 per Equity Share
• Price/Earnings (P/E) Ratio: NA
• Return on Net Worth (RoNW): 15.2%
• Net Asset Value (NAV): ₹18.2 per Equity Share

 

Bajaj Housing Finance Peer Group

• LIC Housing Finance Limited
• PNB Housing Finance Limited
• Can Fin Homes Limited
• Aavas Financiers

 

Bajaj Housing Finance Company Promoters

• Bajaj Finance Limited
• Bajaj Finserv Limited

 

Bajaj Housing Finance IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com

Bajaj Housing Finance IPO Allotment Status Check

• Check the Bajaj Housing Finance IPO allotment status on the Kfin Technologieswebsite.

 

Bajaj Housing Finance IPO Allotment Link

• Check the Bajaj Housing Finance IPO allotment on the Check ipo Allotment website.

 

Bajaj Housing Finance IPO Lead Managers (Merchant Bankers)

• Kotak Mahindra Capital Company Limited
• BofA Securities India Limited
• Axis Capital Limited
• Goldman Sachs (India) Securities Private Limited
• SBI Capital Markets Limited
• JM Financial Limited
• IIFL Securities Limited

Bajaj Housing Finance Company Address

Bajaj Auto Limited Complex,
Mumbai – Pune Road, Akurdi,
Pune,Maharashtra-411 035 India
Website: https://www.bajajhousingfinance.in/
Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in

Bajaj Housing Finance IPO FAQs

What is Bajaj Housing Finance IPO?

Bajaj Housing Finance IPO is a Main-board IPO. They are going to raise ₹6560.00 crores via IPO. The issue is priced at ₹66 – ₹70 Per equity share. The IPO is to be listed on NSE & BSE.

 

When will the Bajaj Housing Finance IPO open?

The IPO is to open on September 9, 2024, for NII, and Retail Investors.

 

What is Bajaj Housing Finance IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the Bajaj Housing Finance IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Bajaj Housing Finance IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the Bajaj Housing Finance IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the Bajaj Housing Finance IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is Bajaj Housing Finance IPO Size?

Bajaj Housing Finance IPO size is ₹6560.00 crores.

 

What is Bajaj Housing Finance IPO Price Band?

Bajaj Housing Finance IPO Price Band is ₹66 – ₹70 Per equity share.

 

What is Bajaj Housing Finance IPO Minimum and Maximum Lot Size?

The IPO bid is 214 Shares with ₹14,980.

 

What is Bajaj Housing Finance IPO Allotment Date?

Bajaj Housing Finance IPO allotment date is September 12, 2024.

 

What is Bajaj Housing Finance IPO Listing Date?

Bajaj Housing Finance IPO listing date is September 16, 2024. The IPO to list on NSE & BSE.