Skip to main content
MainBoardListed
Bajaj Housing Finance Limited Logo

Bajaj Housing Finance Limited IPO

Bajaj Housing Finance Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 150.00 (+114.29%)

Bajaj Housing Finance Limited's successfully completed its Initial Public Offering and commenced trading on 16-09-2024 at the NSE, BSE exchange. The company raised 93,71,42,856 Shares through this public offering, comprising 50,85,71,428 Shares in fresh capital and ₹3000.00 Cr through the Offer for Sale mechanism.

The IPO was priced within the band of ₹66 to ₹70, with minimum application lots of 214 shares. The offering attracted significant investor interest during its subscription period from 09-09-2024 to 11-09-2024.

Share allotment was finalized on 13-09-2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Bajaj Housing IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Bajaj Housing IPO Key Performance Indicator
Company Financials ( In Crores )

Bajaj Housing IPO About Company

Bajaj Housing Finance Limited (BHFL), a part of Bajaj Finance Limited, has been serving customers since June 2008. Based in Pune, BHFL is a key player in India's financial sector, especially in the Non-Banking Financial Company (NBFC) category. Recognized as an 'Upper-Layer NBFC' by the Reserve Bank of India (RBI), the company offers various financial services like home loans, loans against property, and business loans. With AAA/Stable and A1+ credit ratings from CRISIL and India Ratings, BHFL is known for its strong financial health and reliability. As of March 2024, the company serves over 3 lakh customers across India with the support of 2,372 employees, making it a trusted name in the lending business.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Bajaj Housing IPO Strength Factors

  1. Trusted Brand Name: The Bajaj brand is well-known for its reliability, giving the company a strong reputation in the market.
  2. Market Leader: It is the second-largest housing finance company (HFC) in India by assets under management (AUM), with steady growth and a wide range of services.
  3. Smart Digital Strategy: The company uses both online and offline channels, along with the latest technology, to reach customers and improve efficiency.

Bajaj Housing IPO Risk Factors

  1. Collateral Recovery Risks: If the company cannot recover the full value of collateral or unpaid amounts from defaulted loans, it may hurt the company's cash flow and overall financial health.
  2. Non-Performing Assets (NPAs): Struggling to manage bad loans or not setting aside enough money to cover potential losses could weaken the company's financial stability and performance.
  3. Covenant Compliance: If the company fails to meet the terms and conditions of its loan agreements, it could negatively affect its business operations, financial results, and overall financial position.

Bajaj Housing IPO Lead Manager(s)

  • Kotak Mahindra Capital Company
  • Bofa Securities India Limited
  • Axis Capital Limited
  • Goldman Sachs (India) Securities Private Limited
  • SBI Capital Markets Limited
  • Jm Financial Limited
  • IIFL Securities Limited

Bajaj Housing IPO Promoter(s)

  1. Bajaj Finance Limited
  2. Bajaj Finserv Limited

Bajaj Housing IPO Company Details

Bajaj Housing Finance Limited
Phone:
address:

Bajaj Housing IPO Registrar

Kfin Technologies Limited
Name:
Phone:

Bajaj Housing IPO FAQs