The Bajaj Housing Finance IPO is planning to create a book-constructed issue of Rs.6,560.00. The Bajaj Housing Finance’s initial public offering (IPO) consists of a new issuance of 50.86 crore shares, or Rs.3,560.00 crores, and an offer to sell 42.86 crore shares, or Rs. 3,000.00 crores.
September 9, 2024 is the day of IPO For Bajaj Housing Finance, while September 11, 2024 is the date of its conclusion. It is anticipated that the IPO allotment will be completed on Thursday, September 12, 2024.
Bajaj Housing Finance is a housing finance firm that is registered with the National Housing Bank but does not accept deposits.
Also, their IPO will go public on the BSE and NSE on a provisional listing date, i.e. Monday, September 16, 2024.
The pricing range for the Bajaj Housing Finance IPO is fixed at Rs.66 up to Rs.70 per share. And crucially 214 Shares is the minimum lot size required for an application.
Bajaj Housing Finance IPO Details –
| IPO Open: | September 9, 2024 |
| IPO Close: | September 11, 2024 |
| IPO Size: | Approx ₹6,560 Crores |
| Fresh Issue: | Approx ₹3,560 Crores |
| Offer for Sale: | Approx ₹3,000 Crores, 428,571,429 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹66 to ₹70 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35%, Retail – 13,69,159 Forms |
| QIB Quota: | 50% |
| HNI Quota: | 15%, SHNI – 13,971 Forms, Big HNI – 27,942 Forms |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
| IPO Allotment Status: | Click Here |
GMP Trend – Bajaj Housing Finance Day-wise IPO
| GMP Date | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 16-09-2024 (Listing) | 70.00 | ₹72  | ₹142 (102.86%) |
| 15-09-2024 | 70.00 | ₹75 | ₹145 (107.14%) |
| 14-09-2024 | 70.00 | ₹84  | ₹154 (120%) |
| 13-09-2024 | 70.00 | ₹80 | ₹150 (115.71%) |
| 12-09-2024 (Allotment) | 70.00 | ₹78 | ₹148 (111.43%) |
| 11-09-2024 (Close) | 70.00 | ₹74 | ₹144 (105.71%) |
| 10-09-2024 | 70.00 | ₹70 | ₹140 (100%) |
| 09-09-2024 (Open) | 70.00 | ₹64 | ₹134 (91.43%) |
| 08-09-2024 | 70.00 | ₹56 | ₹126.7 (81%) |
| 07-09-2024 | 70.00 | ₹52 | ₹122 (74.29%) |
| 06-09-2024 | 70.00 | ₹51 | ₹121 (72.86%) |
| 05-09-2024 | 70.00 | ₹53 | ₹123 (75.71%) |
| 04-09-2024 | 70.00 | ₹50 | ₹120 (70.81%) |
Bajaj Housing Finance IPO Market Lot-
Investors have the option to purchase shares in minimum lots of 214 shares through the Bajaj Housing Finance IPO. Retailers may submit applications for up to 13 lots, or 2,785 shares, in total. For retail investors, the minimum application amount is ₹14,980, while the highest is ₹194,740. A minimum of 14 lots (2,996 shares) may be applied for by High Net Worth Individuals (HNIs), with an application fee of ₹209,720.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 214 | ₹14,980 |
| Retail Maximum | 13 | 2,785 | ₹194,740 |
| S-HNI Minimum | 14 | 2,996 | ₹209,720 |
| B-HNI Minimum | 67 | 14,338 | ₹10,03,660 |
Bajaj Housing Finance IPO Dates:
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Basis of Allotment: September 12, 2024
- Refunds: September 13, 2024
- Credit to Demat Account: September 13, 2024
- IPO Listing Date: September 16, 2024
Promoters of Bajaj Housing Finance:
- Bajaj Finance Limited (wholly-owned subsidiary)
- Bajaj Group
About Bajaj Housing Finance
Offering a broad range of home loan products and services, Bajaj Housing financing is a prominent player in the Indian housing financing market. Being a division of Bajaj Finance, it gains access to the solid financial support and industry knowledge of the Bajaj Group.
The company’s primary goal is to offer clients all throughout India solutions for cheap homes. It provides affordable interest rates, adaptable terms for loan repayment, and quick loan processing. Customers may easily access Bajaj Housing Finance’s services thanks to their extensive network of branches and service centre.
In the home finance sector, Bajaj Housing Finance has made a name for itself as a reliable brand because to its creative products and customer-focused philosophy.
Bajaj Housing Finance Company Financial Performance (in ₹ Crores)
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2022 | ₹3767.13 | ₹2807.27 | ₹709.62 |
| 2023 | ₹5665.44 | ₹3965.38 | ₹1257.80 |
| 2024 | ₹7617.71 | ₹5456.39 | ₹1731.22 |
| June 2024 | ₹2208.73 | ₹1578.85 | ₹482.61 |
Bajaj Housing Finance Valuation (FY2024):
- EPS: ₹2.6
- P/E Ratio: N/A (not yet listed)
- RoNW: 15.2%
- NAV: ₹18.2
Peer Group
- LIC Housing Finance Limited
- PNB Housing Finance Limited
- Can Fin Homes Limited
- Aadhar Housing Finance
- Aavas Financiers
- Aptus Value Housing Finance
- Home First Finance
Company Promoters
- Bajaj Finance Limited
- Bajaj Finserv Limited
Bajaj Housing Finance IPO Registrar
KFin Technologies Limited
Phone: +91 40 67162222/ 18003094001
Email: bhfl.ipo@kfintech.com
Website: www.kfintech.com
Lead Managers aka Merchant Bankers
- 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
- IIFL Securities Limited
Company Address
Bajaj Housing Finance Limited
5th Floor, B2, Cerebrum IT Park, Kumar City, Kalyani Nagar,
Pune 411014, Maharashtra, India
Phone: 020 71878060
Email: bhflinvestor.service@bajajfinserv.in
Website: www.bajajhousingfinance.in
FAQs: Bajaj Housing Finance IPO
What is the price band for the Bajaj Housing Finance IPO?
The Bajaj Housing Finance initial public offering (IPO) is expected to be priced between ₹66 and ₹70 per share.
When does the Bajaj Housing Finance IPO open and close?
September 9, 2024, is when the IPO starts, and September 11, 2024 is when it closes.
What is the minimum investment amount for retail investors?
Retail investors must invest a minimum of ₹14,782 for 38 shares.
What is the expected listing date for Bajaj Housing Finance shares?
On September 16, 2024, the shares are anticipated to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Who are the promoters of Bajaj Housing Finance?
The Bajaj Group and Bajaj Finance Limited are the main promoters of Bajaj Housing Finance.
What is the financial performance of Bajaj Housing Finance?
Bajaj Housing Finance has demonstrated sound financial standing in recent years, as seen by a notable increase in earnings and revenue.
What is the return on net worth (RoNW) of Bajaj Housing Finance?
Based on the information at hand, Bajaj Housing Finance’s return on net worth is 15.2%.
Is it worth investing in the Bajaj Housing Finance IPO?
Depending on personal investing objectives and risk tolerance, one may choose to participate in the Bajaj Housing Finance IPO or not. Before making any investing decisions, careful investigation or advice from a financial expert is advised.