Bajaj Finance Shares Jumped 4% Amid Bajaj Housing Finance IPO

Bajaj Finance shares shot up 4% on Thursday morning after news of Bajaj Housing Finance's IPO hit the market. To comply with regulatory norms, Bajaj Housing is in preliminary talks with several investment banks for an IPO at a valuation of around $10 billion. 

Bajaj Housing Finance is an upper-layer NBFC, so it has to comply with RBI norms to be listed by the year 2025. This NBFC giant is planning to raise $900 million to 1 billion dollars via a proposed IPO, keeping the minimum dilution and expected value range in mind. 

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About Bajaj Housing Finance Limited

Bajaj Housing Finance is a diversified NBFC serving more than 76.5 million customers nationwide. The company offers loans to individuals and corporate entities for the purchase of homes and commercial spaces.  

It provides loans against property for business and personal needs. It also provides loans for working capital, which is used to meet daily business needs. Bajaj Housing Finance also offers loans to developers engaged in the construction business of residential & commercial properties.

Bajaj Housing Finance IPO: Fresh Issue and Offer for Sale

A syndicate of investment bankers will be selected soon, and Bajaj Housing Finance IPO details might be available soon. After a long time, Bajaj Group's initial public offer is going to hit the market. According to media sources, This IPO would be a combination of a new issue and an OFS. 

On September 30, 2022, the RBI announced the list of 16 NBFCs that are considered upper-layer NBFCs. The framework categorized NBFCs as Base, Middle, and Upper Layers.

Few reputed names included in Upper-Layer NBFC are Tata Son, HDB Financial Services, Tata Capital Financial services, Aditya Birla Finance and Shanghvi Finance.

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