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BAJAJ HOUSING FINANCE LIMITED

Main Board

Issue Price

₹ 66-₹ 70

per equity share

Issue Size

72.76 crores

equity share

Face Value

₹ 10

per equity share

Market Lot

214

equity share

Please note

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Listing at BSE ,NSE

BAJAJ HOUSING FINANCE LIMITED

Important Dates

IPO Open Date

09 Sep 2024

IPO Close Date

11 Sep 2024

Allotment Date

12 Sep 2024

Initiation of Refunds

13 Sep 2024

Credit of Shares to Demat Account

13 Sep 2024

IPO Listing Date

16 Sep 2024

UPI Mandate Expiry Date

11 Sep 2024

IPO Details

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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About BAJAJ HOUSING FINANCE LIMITED

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.

Parent Organisation

-

Founded

2008

Managing Director

Bajaj Finance Limited and Bajaj Finserv

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.
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How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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