BAJAJ HOUSING FINANCE LIMITED

09 Sep 2024 - 11 Sep 2024 Individual Category Main Board BSE NSE

Min Investment

₹14980

Price Band

₹66-₹70

Issue Size

7275.76 lakhs
Equity Shares

Lot Size

214

IPO Dates
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09 Sep 2024

Open Date

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11 Sep 2024

Close Date

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12 Sep 2024

Allotment Date

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16 Sep 2024

Listing Date

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.

Founded

2008

Managing Director

Bajaj Finance Limited and Bajaj Finserv

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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