Bajaj Housing Finance IPO Details Today : Bajaj Housing Finance IPO GMP Price (IPO) is Open on 9 September 2024 and Close on 11 September 2024. Bajaj Housing Finance IPO to Raise 937,142,858 shares (Approx ₹6,560.00 Cr) via IPO. The Fresh issue of 508,571,429 shares (Approx ₹3,560.00 Cr) and the offer for sale is 428,571,429 shares of ₹10 (Approx ₹3,000.00 Cr).
Bajaj Housing Finance was originally incorporated 13 June 2008 Bajaj Housing Finance LTD of Subsidiary of Bajaj Finance We offer financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial Spaces.
Our mortgage product suite is Comprehensive and Comprises
- Home Loans.
- Loans against Property (“LAP”).
- Lease rental Discounting.
- Developer Financing Furthermore.
Our primary emphasis is on individual retail housing loans, complemented by a diversified collection of lease rental discounting and developer loans. Consequently. our financial products cater to every customer segment, from individual homebuyers to large-scale developers. We are a part of the Bajaj group, which was founded in 1926 and is a diversified business group with interests across various sectors. Our offerings, we had a network of 215 branches as at March 31, 2024, spread across 174 locations in 20 states and 3 Union Territories.
To support our offerings, we had a network of 215 branches as at March 31, 2024, 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.
We use direct and indirect channels for origination of loans. Under indirect sourcing channels, we originate business through a distribution network of intermediaries such as channel partners, aggregators, direct selling agents, third party agents and connectors.
Bajaj Housing Finance IPO Date & Price Band Details
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| IPO Size | 937,142,858 shares (Approx ₹6,560.00 Cr) |
| Fresh Issue | 508,571,429 shares (Approx ₹3,560.00 Cr) |
| Offer For Sale | 428,571,429 shares of ₹10 (Approx ₹3,000.00 Cr) |
| Lot Size | 214 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹66 to ₹70 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click here |
| Anchor Investor | Click here |
Bajaj Housing Finance IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 214 | ₹14,980 |
| Retail Maximum | 13 | 2782 | ₹1,94,740 |
| S-HNI Minimum | 14 | 2,996 | ₹2,09,720 |
| B-HNI Minimum | 68 | 14,552 | ₹10,18,640 |
Object Of the Issue
The Promoter Selling Shareholder shall be entitled to the proceeds of the Offer for Sale after deducting its proportion of Offer expenses and relevant taxes thereon. Our Company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds. Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards augmenting our capital base to meet future business requirements of our Company towards onward lending (“Objects”).
Bajaj Housing Finance IPO Allotment & Listing Date (Details)
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| Basis of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Credit to Demat Account | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Bajaj Housing Finance Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹7617.71 | ₹5456.39 | ₹1731.22 |
| 2023 | ₹5665.44 | ₹3965.38 | ₹1257.80 |
| 2022 | ₹3767.13 | ₹2807.27 | ₹709.62 |
Our Company Promoter
- Bajaj Finance Limited (BFL).
Qualitative Factors
- We have a distinguished heritage of the “Bajaj” brand, which enjoys widespread recognition as a reliable retail brand with strong brand equity.
- We are the second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio.
- We have a strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology.
- We have well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among our Peers in Fiscal 2024.
- We have access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies.
- We have an experienced management team supported by a team of dedicated professionals and ability to attract and retain talented employees.
Comparison of Accounting Ratios with Listed Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Million) |
|---|---|---|---|---|---|---|
| Bajaj Housing Limited | 10 | 2.6 | [.] | 15.2% | 18.2 | 76,177.1 |
| Peer Group | ||||||
| LIC Housing Finance Limited | 2 | 86.5 | 7.3 | 16.2% | 572.3 | 272,778.0 |
| PNB Housing Finance Limited | 10 | 58.4 | 12.4 | 11.6% | 576.6 | 70,570.9 |
| Can Fin Homes Limited | 2 | 56.4 | 12.9 | 18.8% | 326.2 | 35,246.9 |
| Aadhar Housing Finance | 10 | 19.0 | 18.7 | 18.4% | 104.3 | 25,869.8 |
| Aavas Financiers | 10 | 62.0 | 25.8 | 13.9% | 476.8 | 20,206.9 |
| Aptus Value Housing Finance | 2 | 12.3 | 24.6 | 17.2% | 75.5 | 14,168.4 |
| Home First Finance | 2 | 34.7 | 24.3 | 15.5% | 239.7 | 11,565.5 |
Bajaj Housing Finance Company Contact Details
Bajaj Auto Limited Complex
Mumbai – Pune Road, Akurdi
Pune 411 035
Maharashtra, India
Contact Person: Atul Patni
Email: bhflinvestor.service@ bajajfinserv.in
Telephone: +91 2071878060
Website: www.bajajhousingfinance.in
Bajaj Housing Finance IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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