Bajaj Housing Finance IPO Details: The Bajaj Housing Finance IPO is set to open on September 9, 2024, and will close on September 11, 2024. This Fixed Price Issue aims to raise approximately ₹6,560 crores, with a fresh issue of ₹3,560 crores and an offer for sale of equity shares, each with a face value of ₹10.
The tentative price band for the Bajaj Housing Finance IPO is between ₹65 and ₹70. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The shares are expected to list on the NSE and BSE on September 16, 2024. The allotment date for the Excellent Wires and Packaging IPO is September 12, 2024.
In terms of financial performance, the company reported a revenue of ₹7,617.71 crores for 2024, a significant increase from ₹5,665.44 crores in 2023. Additionally, the company achieved a profit of ₹1,731.22 crores in 2024, a turnaround from a loss of ₹1,257.80 crores in 2023. Based on these financials, the IPO appears to be a promising long-term investment opportunity.
For shareholders of Bajaj Finserv and Bajaj Finance, there is a dedicated quota in the IPO. This will include a share sale of ₹3,000 crores by promoters. The record date for eligibility under this special quota is August 30, 2024, coinciding with the filing of the Red Herring Prospectus (RHP) and the announcement of IPO dates.
Bajaj Housing Finance IPO Objectives:
The company intends to utilize the net proceeds towards the following objective:
- Augment capital base to meet future business requirements of the company towards onward lending.
Bajaj Housing Finance IPO Review (Apply or Not)
- Update soon
Bajaj Housing Finance IPO Date & Price Band Details:
| IPO Open: | September 9, 2024 |
| IPO Close: | September 11, 2024 |
| IPO Size: | Approx ₹6,560 Crores |
| Fresh Issue: | Approx ₹3,560 Crores |
| Offer for Sale: | Approx ₹3,000 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹65 to ₹70 Per Share (Tentative) |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Bajaj Housing Finance IPO Lot Size:
The Bajaj Housing Finance IPO requires a minimum market lot of 210 shares, with an application amount of ₹14,700. Retail investors have the option to apply for up to 13 lots, which amounts to 2,730 shares, or a total investment of ₹191,100.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 210 | ₹14,700 |
| Retail Maximum | 13 | 2,730 | ₹191,100 |
| S-HNI Minimum | 14 | 2,940 | ₹205,800 |
| B-HNI Minimum | 69 | 14,490 | ₹10,14,300 |
Bajaj Housing Finance IPO Timeline:
The Bajaj Housing Finance IPO will open on September 9 and close on September 11. Allotments for the IPO will be finalized on September 12, with shares expected to list on September 16.
| 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 |
Bajaj Housing Finance IPO GMP Today:
The latest Grey Market Premium (GMP) for the Bajaj Housing Finance IPO is ₹55.50. The price band for the IPO has not yet been announced. We will update the cap price and estimated listing price as soon as this information becomes available
About the Company
Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since September 24, 2015. The company has been engaged in mortgage lending since Fiscal 2018 and was categorized as an “Upper Layer” NBFC (NBFC-UL) by the RBI as of September 30, 2022. This classification falls under the “Scale Based Regulations (SBR): A Revised Regulatory Framework for NBFCs” dated October 22, 2021.
Bajaj Housing Finance offers a range of financial solutions for the purchase and renovation of residential and commercial properties. Their comprehensive mortgage product suite includes:
- Home loans
- Loans against property (LAP)
- Lease rental discounting
- Developer financing
The company’s primary focus is on individual retail housing loans, supported by a diverse portfolio of lease rental discounting and developer loans. Their products cater to a wide range of customers, from individual homebuyers to large-scale developers.
As of March 31, 2024, Bajaj Housing Finance was a leading HFC in India, distinguished by several key metrics:
- The largest non-deposit-taking HFC in India by Assets Under Management (AUM) within seven years of initiating mortgage operations.
- The second-largest HFC and the eighth-largest NBFC-UL in India based on AUM, with a total AUM of ₹913,704.0 million.
- The second most profitable HFC in India, with strong returns on average assets and equity for Fiscal 2024.
- One of the fastest-growing HFCs/ NBFC-ULs, based on AUM CAGR from Fiscal 2022 to 2024.
- The most diversified HFC in India, offering a full suite of mortgage lending products.
- The highest proportion of salaried customers in its home loan portfolio among large HFCs.
- A focus on prime housing with a higher average ticket size compared to other large HFCs.
- The lowest Gross Non-Performing Asset (GNPA) ratio of 0.27% and Net Non-Performing Asset (NNPA) ratio of 0.10% among large HFCs in India.
- The highest possible credit ratings in India for both long-term and short-term borrowing programs.
- The second-highest loan disbursement by HFCs in India, totaling ₹446.6 billion for Fiscal 2024.
- The second-highest AUM per branch and AUM per employee among large HFCs in India.
Bajaj Housing Finance Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹3767.13 | ₹2807.27 | ₹709.62 |
| 2023 | ₹5665.44 | ₹3965.38 | ₹1257.80 |
| 2024 | ₹7617.71 | ₹5456.39 | ₹1731.22 |
Bajaj Housing Finance Valuation – FY2024
Check Bajaj Housing Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.6 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.2% |
| Net Asset Value (NAV): | ₹18.2 per Equity Share |
Peer Group
- LIC Housing Finance Limited
- PNB Housing Finance Limited
- Can Fin Homes Limited
- Aadhar Housing Finance
- Aavas Financiers
- Aptus Value Housing Finance
- Home First Finance
Company Promoters
- Bajaj Finance Limited
- Bajaj Finserv Limited
Bajaj Housing Finance IPO Registrar
KFin Technologies Limited
Phone: +91 40 67162222/ 18003094001
Email: : bhfl.ipo@kfintech.com
Website: www.kfintech.com
Lead Managers aka 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
Company Address
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
Bajaj Housing Finance IPO FAQs
1. What are the key dates for the Bajaj Housing Finance IPO?
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
2. What is the price band for the Bajaj Housing Finance IPO?
- The price band for the IPO is yet to be announced. We will update this information as soon as it becomes available.
3. What is the minimum lot size for the Bajaj Housing Finance IPO?
- The minimum lot size is 210 shares, with an application amount of ₹14,700.
4. How many lots can retail investors apply for?
- Retail investors can apply for up to 13 lots, totaling 2,730 shares or ₹191,100.
5. What is the Grey Market Premium (GMP) for the Bajaj Housing Finance IPO?
- As of September 2, 2024, the latest GMP is ₹55.50. Please note that GMP can fluctuate and may be updated frequently.
6. What is the company’s primary business?
- Bajaj Housing Finance Limited is engaged in mortgage lending, offering financial solutions for the purchase and renovation of homes and commercial spaces. Their product suite includes home loans, loans against property, lease rental discounting, and developer financing.
7. How is Bajaj Housing Finance positioned in the market?
- As of March 31, 2024, Bajaj Housing Finance is one of the leading HFCs in India, with a significant presence in the market. They are the largest non-deposit-taking HFC in India by Assets Under Management (AUM) and have been recognized for their strong financial performance and diverse product offerings.
8. Is there a special quota for shareholders?
- Yes, there is a special quota for shareholders of Bajaj Finserv and Bajaj Finance. The record date for eligibility under this quota is August 30, 2024.
9. Where will the shares of Bajaj Housing Finance be listed?
- The shares will be listed on both the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).
10. How can I apply for the Bajaj Housing Finance IPO?
- You can apply for the IPO through your broker or financial institution. Ensure you have a demat account and follow the application procedures as specified by the IPO prospectus and your broker.
11. What should I consider before investing in the Bajaj Housing Finance IPO?
Consider reviewing the company’s financial performance, growth prospects, and the overall market conditions. It is also advisable to consult with a financial advisor to determine if the IPO aligns with your investment strategy and risk tolerance.
