The Bajaj Housing Finance IPO opens on September 9, 2024, and closes on September 11, 2024. This Fixed Price Issue aims to raise ₹6,560 crores, including a fresh issue of ₹3,560 crores. Additionally, the price band is set between ₹65 and ₹70 per share. The allocation is divided as follows: 35% for Retail investors, 50% for QIB, and 15% for HNI. Furthermore, the shares are expected to be listed on NSE and BSE on September 16, 2024.
Table of contents
- Bajaj Housing Finance IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Bajaj Housing Finance IPO GMP (Grey Market Premium)
- Bajaj Housing Finance IPO Application Form PDF
- Bajaj Housing Finance IPO Subscription Status
- Bajaj Housing Finance IPO Allotment Status
- IPO Review
- Bajaj Housing Finance IPO Registrar
- Bajaj Housing Finance IPO Lead Manager
- Bajaj Housing Finance Limited Contact
- FAQs
Bajaj Housing Finance IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Bajaj Housing Finance Limited |
| Industry | Non-Deposit-Taking Housing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 09, 2024 |
| Close Date | September 11, 2024 |
| Total Issue Size | ₹6560.00 Crores |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹3560.00 Crores |
| Price Band | ₹65 to ₹70 Per Share (Tentative) |
| Listing on | BSE & NSE |
| Lot Size | 214 shares |
| Offer for Sale | ₹3000.00 Crores |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since September 24, 2015, and has been engaged in mortgage lending since Fiscal 2018. Moreover, as of September 30, 2022, it has been classified as an “Upper Layer” NBFC (NBFC-UL) by the RBI under the “Scale Based Regulations (SBR)” framework.
The company offers a range of financial solutions for the purchase and renovation of homes and commercial spaces. Specifically, its comprehensive mortgage product suite includes home loans, loans against property (LAP), lease rental discounting, and developer financing. Additionally, their primary focus is on individual retail housing loans, while also providing a diverse range of lease rental discounting and developer loans. Consequently, they cater to both individual home buyers and large-scale developers.
As of March 31, 2024, Bajaj Housing Finance Limited stands out as a leading HFC in India across various metrics:
- It is the largest non-deposit-taking HFC in terms of AUM within just seven years of commencing mortgage operations.
- Furthermore, it ranks as the second-largest HFC and the eighth-largest NBFC-UL in terms of AUM, with ₹913,704.0 million.
- Additionally, it is the second most profitable HFC in India, demonstrating strong returns on average assets and equity for Fiscal 2024.
- Notably, it has been one of the fastest-growing HFCs/NBFC-ULs based on AUM CAGR from Fiscal 2022 to 2024.
- Moreover, it offers the most diversified suite of mortgage lending products among HFCs in India.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Financials (₹ in Crores)
| 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 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2,782 | ₹1,94,740 |
| S-HNI (Min) | 14 | 2,996 | ₹2,09,720 |
| B-HNI (Min) | 68 | 14,338 | ₹10,03,660 |
The objective of the Issue
- Augmenting the capital base will help meet future business needs and support onward lending.
- Additionally, funds will be allocated for general corporate purposes.
Company Promoters
- Mr. Sanjiv Bajaj
- Mr. Rajeev Jain
- Mr. Atul Jain
- Dr. Arindam Kumar Bhattacharya
- Mr. Anami Narayan Roy
- Mrs. Jasmine Chaney
- Mr. S M Narasimha Swamy
Bajaj Housing Finance IPO GMP (Grey Market Premium)
Curious about the latest Grey Market Premium (GMP) for the Bajaj Housing Finance IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Bajaj Housing Finance Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Bajaj Housing Finance IPO Application Form PDF
To download the Bajaj Housing Finance IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Bajaj Housing Finance IPO Subscription Status
This IPO subscription kicks off on September 9, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Bajaj Housing Finance IPO Allotment Status
To check the Bajaj Housing Finance IPO allotment status go to the IPO registrar website Kfintech or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- Bajaj Housing Finance holds an AUM of ₹913,704.0 million as of 2024.
- Additionally, it has achieved a robust CAGR of 30.9% from Fiscal 2022 to 2024.
- Furthermore, the company maintains the lowest GNPA and NNPA ratios among peers in 2024.
- Moreover, the management team is highly experienced, with over 21 years of association with the Bajaj group.
- In addition, the company has extended its distribution network with 1,784 active channel partners by 2024.
- It also disbursed loans totaling ₹446.6 billion in Fiscal 2024.
- Lastly, it operates 215 branches across 174 locations in 20 states.
Risks:
- On the downside, the inability to recover the full collateral value could adversely impact financial stability.
- Similarly, exposure to fluctuations in the real estate sector poses risks of asset value declines.
- Furthermore, developer financing loans, which constitute 10.5% of AUM, face risks due to potential project delays.
- Additionally, regulatory changes could lead to increased provisioning needs, thereby affecting financial health.
- Interest rate volatility might erode Net Interest Margins, which are currently at 4.1%.
- Moreover, periodic NHB inspections carry the risk of penalties if non-compliance is detected.
Bajaj Housing Finance IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/18003094001
E-mail: bhfl.ipo@kfintech.com
Website: www.kfintech.com
Bajaj Housing Finance IPO Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27, “G” Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4336 0000
Email: bhfl.ipo@kotak.com
Website: www.investmentbank.kotak.com
Bajaj Housing Finance Limited Contact
BAJAJ HOUSING FINANCE LIMITED
5th Floor, B2, Cerebrum IT Park, Kumar City, Kalyani Nagar,
Pune 411014, Maharashtra, India
Phone: 020 71878060
Email: bhflinvestor.service@bajajfinserv.in
Website: www.bajajhousingfinance.in
FAQs
The Bajaj Housing Finance IPO is a main-board offering aimed at raising ₹6,560 crores. Specifically, the issue price is set between ₹65 and ₹70 per equity share. Furthermore, the IPO list is on both BSE and NSE.
The IPO is scheduled to open for subscription on September 9, 2024, targeting QIB, NII, and Retail Investors.
The allocation is divide as follows: 50% for QIB, 15% for NII, and 35% for Retail investors.
You can apply online via ASBA through your bank account or via UPI through your stock broker. Alternatively, you may also apply by filling out an offline form through your stock broker.
The IPO size is ₹6,560 crores.
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