Open Account Now
Bajaj Housing Finance Ltd. IPO
Bajaj Housing Finance Ltd.
Bajaj Housing Finance Ltd. IPO Details
Company Business
Bajaj Housing Finance Limited is a non-deposit taking Housing Finance Company registered with the National Housing Bank since September 24, 2015, and engaged in mortgage lending since Fiscal 2018. The company has been categorized as an “Upper Layer” NBFC by the RBI since September 30, 2022. They offer financial solutions for individuals and corporate entities for the purchase and renovation of homes and commercial spaces. Their product suite includes home loans, loans against property (LAP), lease rental discounting, and developer financing. As of March 31, 2024, home loans contributed 57.8% of their assets under management (AUM), with 87.5% of these loans being to salaried customers. The company’s AUM was Rs.913,704.0 million, reflecting a CAGR of 30.9% between Fiscals 2022 to 2024.
Face Value of Equity Shares: Rs.10
Fresh Issue Size: Rs.40,000.0 million
Offer for Sale Size: Rs.30,000.0 million
Utilization of Funds
Offer for Sale: The money from selling shares will go to the existing shareholders who are selling their shares. The company itself won't get any of this money, and it won't be included in the company's funds.
Fresh Issue: The money the company raises from issuing new shares will be used to:
Increase the company's capital to support future business needs, particularly for lending purposes.
Cover the expenses related to the offer.
Benefit from listing the shares on the stock exchanges, which should help improve the company’s brand and create a market for its shares in India.
So, the funds will primarily be used to grow the company's business and cover the costs of the share offer.
Bajaj Housing Finance Ltd. Strengths
- Bajaj Housing Finance Limited benefits from the prestigious heritage of the "Bajaj" brand, which is widely recognized and trusted for its strong brand equity.
- The company is the second-largest HFC in India by AUM, demonstrating robust growth through a diversified portfolio.
- They maintain a strategic presence with an omni-channel sourcing approach, driven by customer-centric digitization and technology initiatives.
- Bajaj Housing Finance Limited employs well-defined credit evaluation and risk management practices, resulting in the lowest GNPA and NNPA among peers in Fiscal 2024.
- They access a variety of cost-effective borrowing sources, facilitated by top-tier credit ratings from rating agencies.
- The company boasts an experienced management team, supported by dedicated professionals, and excels in attracting and retaining talented employees.
Bajaj Housing Finance Ltd. Weaknesses
- Since the company is heavily involved in the real estate sector, any problems in that sector could lead to losses and negatively impact its business.
- If interest rates go up and down a lot, the company's profits from lending could decrease, which would hurt its overall financial health.
- The company might struggle with cash flow if it doesn't match the timing of its incoming and outgoing payments. This is a common risk for lending businesses.
Bajaj Housing Finance Ltd. Revenue & Profit
10
8
6
4
2
0
Bajaj Housing Finance Ltd. IPO Dates
| Open Date | 09 September , 2024 |
| Close Date | 11 September , 2024 |
| Allotment Date | 12 September , 2024 |
| Initiation of Refunds | 13 September 2024 |
| Credit of Shares to Demat Account | 13 September 2024 |
| Listing Date | 16 September 2024 |
Bajaj Housing Finance Ltd. IPO Lot Size
| Minimum Lot Size | 1 |
| Maximum Lot Size | 13 |
Seize the Opportunity! Apply for Bajaj Housing Finance Ltd. IPO
Free Demat Account Opening
Zero AMC Charges for First Year
Low DP Charges (Rs. 10 only)
Free IPO Report & Advisory
Bajaj Housing Finance Ltd. IPO Subscription Breakup
| QIBs | 50% |
| Non Institutional Investors | 15% |
| Retail Investors | 35% |
How to Apply for Bajaj Housing Finance Ltd. IPO?
Step 1
First, you need to visit the IPO section on our website.
Step 2
Then, click on the 'IPO Listing' option to view the IPO.
Step 3
Open the Bajaj Housing Finance Ltd. IPO by tapping on it.
Step 4
You will see an option to subscribe that you need to click on.
Step 5
Now that you can see the IPO details, you must enter details like cut-off price, number of lots, and UPI ID.
Step 6
Next, verify your details and select the 'Subscribe' option to complete the bidding.
You have completed your bidding for the Bajaj Housing Finance Ltd. IPO. Log in and go to the 'IPO Transactions' section to track your allotment status.