Bajaj Housing Finance IPO: Key Insights of Upcoming IPO

• Bajaj Housing Finance IPO is a book-built issue of Rs 6,560 crores.
• This upcoming IPO bidding opens on September 9 and closes on September 11, 2024.
• Bajaj Housing Finance's IPO price is set at Rs 66 – Rs 70 per share.
• The minimum investment amount required for retail investors is Rs 14,980.

Bajaj Housing Finance IPO: Synopsis

Bajaj Housing Finance is open for subscription from Monday, September 9, 2024, and closing on Wednesday, September 11, 2024. The price band for this IPO is set to Rs 66 – Rs 70 per share.

The company is offering a fresh issue of 50.85 crore equity shares amounting up to Rs 3,560 crore and an offer for sale of 42.85 crore equity shares amounting up to Rs 3,000 crore; this aggregates to a total size of 93.71 crore equity shares amounting up to Rs 6,560 crore.

The allotment for this new IPO is expected to be finalised on Thursday, September 12, 2024. This IPO will be listed on the NSE and BSE exchanges on Monday, September 16, 2024.

The IPO is managed by 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 and Iifl Securities Limited, which is book running as the lead manager of this IPO. The company has appointed Kfin Technologies Limited as the registrar for the issue.

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Bajaj Housing Finance Limited: About the Company

Bajaj Housing Finance is a non-deposit-taking HFC, part of the Bajaj Group, which was formed back in 2008 and got its registration from NHB in the year 2015. Core operation-mortgage loans since 2018-on financial products and services related to home loans, property loans, concessions on rent, and financing of developers, serving both retail and corporate customers.

As of March 31, 2024, Bajaj Housing Finance serviced 3,08,693 active customers, comprising 81.7% home loan borrowers. It has a functional network of 215 branches across 174 locations in 20 states and three Union Territories, supported by a centralised retail loan review and processing setup.

Bajaj Housing Finance IPO: Objectives

The funding from the fresh issue will be utilised for augment capital base to meet future business requirements of the company towards onward lending.

Bajaj Housing Finance IPO: Other Important Details

Time-Table of Bajaj Housing Finance IPO

Bajaj Housing Finance Ltd Financial Metrics (Amt in Rs Crore)

Lot Size Details of Bajaj Housing Finance IPO

Promoters of Bajaj Housing Finance Limited and Their Holdings

Bajaj Finance Limited and Bajaj Finserv Limited are the promoter(s) of the company. They collectively held 100% of the company's shares. However, post-IPO, the change in his shareholding has not yet been disclosed.

FAQs

1. What are the core details available for Bajaj Housing Finance’s IPO?

Bajaj Housing Finance IPO is a book-built issue of Rs 6,560 crore. This upcoming IPO offers a fresh issue of 50.85 crore equity shares and an offer for sale of 42.85 crore equity shares. The allotment for this new IPO is expected to be finalised on Thursday, September 12, 2024.

2. How can I apply for the Bajaj Housing Finance IPO?

The public subscription of this new IPO opens on Monday, September 9, 2024 and closes on Wednesday, September 11, 2024. Click here to initiate the application process.

3. Who are the lead managers for the Bajaj Housing Finance IPO?

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 and Iifl Securities Limited were appointed as the book-running lead managers for this IPO.

4. Who is appointed as the registrar for this IPO?

Kfin Technologies Limited has been appointed as the registrar for this public issue.

5. How will the net proceeds from the IPO be utilised?

The funding from the fresh issue will be utilised for augment capital base to meet future business requirements of the company towards onward lending.

6. How can I check the allotment status of the IPO?

Investors who applied for IPO can check the allotment status of Bajaj Housing Finance Limited by visiting here, for further updates, follow Bigul.

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