Bajaj Housing Finance IPO is coming soon, which includes a Fresh Issue of up to ₹35,600 million and an Offer for Sale of up to ₹30,000 million, totaling up to ₹65,600 million
The company is a subsidiary of Bajaj Finance Limited and Bajaj Finserv Limited, which are its promoters.
Offer Details:
Bajaj Housing Finance IPO includes a reservation for eligible employees and eligible shareholders, with specific portions of equity shares allocated to them.
The IPO follows the Book Building Process, and the price band and minimum bid lot will be announced prior to the opening of the offer.
Risks
This is the first public issue of equity shares for Bajaj Housing Finance, so there is no formal market for the shares. The face value of each equity share is ₹10.
Investors are advised to read the risk factors carefully, as equity investments involve a degree of risk.
Promoter and Selling Shareholder
The promoter selling shareholder, Bajaj Finance Limited, is offering equity shares as part of the Offer for Sale.
Listing
The equity shares will be listed on the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange)
Table of Contents
Issuance Period :
Bajaj Housing Finance IPO Subscription starts from Sept 09,2024 and will be close Sept 11,2024.
| Event | Date |
|---|---|
| IPO Subscription Opens | September 9, 2024 |
| IPO Subscription Closes | September 11, 2024 |
| Allotment Finalization date | September 12, 2024 (Thursday) |
| Tentative Listing Date | September 16, 2024 (Monday) |
| Stock Exchange Listing | BSE, NSE |
IPO Size :
Total amount to be raised Rs 6560.00 Crores.
GMP ( Grey /market Premium )
| Date | Current GMP (₹) | Percentage (%) |
|---|---|---|
| September 05, 2024 | ₹52 | 74% |
| September 06, 2024 | ₹51 | 72.86% |
| September 9, 2024 | ₹57 | 81.43% |
| September 10, 2024 | ₹ 64 | 91% |
| September 11, 2024 | ₹ 70 | 100 % |
| September 12, 2024 | ₹ 74 | 105.70% |
Lot Size :
| Investor type | Lots | Number of Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14980 |
| Retail (Max) | 13 | 2782 | ₹ 194,740 |
| S-HNI (Min) | 14 | 2996 | ₹ 209,720 |
| S-HNI (Max) | 66 | 14124 | ₹ 988,680 |
| B-HNI (Min) | 67 | 14338 | ₹ 1,003,660 |
Bajaj Housing Finance IPO Details :
| Details | Information |
|---|---|
| Company Name | Bajaj Housing Finance IPO |
| Incorporation Date | |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot Size | 214 Shares |
| Total Issue Size | -Total Offer Size: 937,142,858 shares (up to ₹6,560.00 Cr) |
| -Fresh Issue: 508,571,429 shares (up to ₹3,560.00 Cr) | |
| – Offer for Sale : 428,571,429 shares (up to ₹3,000.00 Cr) | |
| Promoters | Bajaj Finance |
| Registrar to the Offer | Kfin Technologies |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding Pre-Issue | 7,819,575,273 shares |
| Shareholding Post-Issue | 8,328,146,702 shares |
Objectives of the Issue :
Augment capital base to meet future business requirements of the company towards onward lending.
Bajaj Housing Finance IPO Financial Information :
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | ₹88,538.83 Cr | ₹81,827.09 Cr | ₹64,654.14 Cr | ₹48,527.08 Cr |
| Revenue | ₹2,208.73 Cr | ₹7,617.71 Cr | ₹5,665.44 Cr | ₹3,767.13 Cr |
| Profit After Tax (PAT) | ₹482.61 Cr | ₹1,731.22 Cr | ₹1,257.80 Cr | ₹709.62 Cr |
| Net Worth | ₹14,719.91 Cr | ₹12,233.50 Cr | ₹10,503.19 Cr | ₹6,741.36 Cr |
| Reserves and Surplus | ₹4,252.83 Cr | ₹5,520.81 Cr | ₹3,791.03 Cr | ₹1,858.03 Cr |
| Total Borrowing | ₹73,347.06 Cr | ₹69,129.32 Cr | ₹53,745.39 Cr | ₹41,492.32 Cr |
Financial Growth:
- Revenue Growth: 34% increase from FY ending March 31, 2023 to FY ending March 31, 2024.
- PAT Growth: 38% increase from FY ending March 31, 2023 to FY ending March 31, 2024.
About Company :
Classification
Bajaj Housing Finance Limited (BHFL) is classified as an ‘Upper-Layer NBFC’ by the Reserve Bank of India (RBI) under Scale-Based Regulations.
Ownership
BHFL is a 100% subsidiary of Bajaj Finance Limited, one of India’s most diversified Non-Banking Financial Companies (NBFCs).
Customer Base:
Bajaj Finance Limited caters to more than 88.11 million customers across India
Headquarters:
BHFL is headquartered in Pune, India.
Services Offered:
BHFL provides finance to both individuals and corporate entities for the purchase and renovation of homes or commercial spaces.
It offers loans against property for business or personal needs, as well as working capital for business expansion.
BHFL also provides finance to developers for the construction of residential and commercial properties.
The company offers lease rental discounting to developers and high-net-worth individuals.
Credit Ratings:
BHFL has a credit rating of AAA/Stable for its long-term debt programme.
It is rated A1+ for its short-term debt programme by CRISIL and India Ratings.
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