Bajaj Housing Finance Ltd
Price Range
₹66 - ₹70
Min. Quantity
214
Closes on
11 September 2024
Min. investment
₹14,980/2,782 Shares
Bajaj Housing Finance Ltd IPO Timeline
Bajaj Housing Finance Limited was originally incorporated as Bajaj Financial Solutions Limited' at Pune, Maharashtra as a Public Limited Company, pursuant to a Certificate of Incorporation dated June 13, 2008, issued by the Registrar of Companies, Maharashtra at Pune and was granted its Certificate for Commencement of Business on September 24, 2008 by the RoC. Thereafter, the Company name was changed to Bajaj Housing Finance Limited' vide fresh Certificate of Incorporation dated November 14, 2014 issued by the Assistant Registrar of Companies, Pune. It got registered with National Housing Bank (NHB) as a non deposit taking Housing Finance Company vide certificate no 09.0127.15 on 24 September 2015.
| Event | Date |
|---|---|
| Bajaj Housing Finance Ltd IPO Opening Date | 9 September 2024 |
| Bajaj Housing Finance Ltd IPO Closing Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refunds | 13 September 2024 |
| Credit of Shares to Demat | 13 September 2024 |
| Bajaj Housing Finance Ltd IPO Listing Date | 16 September 2024 |
Bajaj Housing Finance Ltd IPO Details
| Bajaj Housing Finance Ltd IPO Date | 9 September 2024 to 11 September 2024 |
| Bajaj Housing Finance Ltd IPO Face Value | ₹10 per share |
| Bajaj Housing Finance Ltd IPO Price | ₹66 to ₹70 per share |
| Bajaj Housing Finance Ltd IPO Lot Size | 214 |
| Issue Size | Shares of ₹10 (aggregating up to ₹6,560 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹3560 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹3,000 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 17,75,75,756 of the Net Offer |
| Retail Shares Offered | Not less than 31,07,57,576 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 13,31,81,819 of the Net Offer |
| Company Promoters | Bajaj Finance Ltd, Bajaj Finserv Ltd |
Bajaj Housing Finance Ltd IPO Lot Size
The Bajaj Housing Finance Ltd IPO lot size is 214 shares. A retail-individual investor can apply for up to 13 lots (2,782 shares or ₹1,94,740).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 214 | ₹14,980 |
| Maximum | 13 | 2,782 | ₹1,94,740 |
- Strengths
- Risks
- Opportunities
- The Company has a distinguished heritage of the "Bajaj" brand, which enjoys widespread recognition as a reliable retail brand with strong brand equity.
- The Company is the second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio.
- The Company has a strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology.
- The COmpany has well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among its Peers in Fiscal 2024.
- The Company has access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies.
- The Company has an experienced management team supported by a team of dedicated professionals and ability to attract and retain talented employees.
Company Financials
Bajaj Housing Finance Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 81,827.09 | 7,617.71 | 1731.22 |
| 03-2023 | 64,654.14 | 5,665.44 | 1257.80 |
| 03-2022 | 48,527.08 | 3,767.13 | 709.62 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Bajaj Housing Finance Ltd IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 88.75% |
Bajaj Housing Finance Ltd IPO Subscription Status (Bidding Detail)
The Bajaj Housing Finance Ltd IPO is subscribed 63.61 times on 11 September 2024 05:00:00 PM. The public issue subscribed 7.04 times in the retail category, 209.36 times in the QIB category, and 41.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 209.36 | 41.51 | 7.04 | 2.05 | 63.61 |
Bajaj Housing Finance Ltd IPO Prospectus
Bajaj Housing Finance Ltd IPO Listing Date
| Listing Date | 16 September 2024 |
| BSE Script | 544252 |
| NSE Symbol | BAJAJHFL |
| Listing In | BSE, NSE |
| ISIN | INE377Y01014 |
| IPO Price | ₹70 |
| Face Value | ₹10 |
Company Contact Information
Bajaj Auto Ltd ComplexMumbai Pune Road Akurdi,Pune-411035
Phone: 020 7187 8060
Email: bhflinvestor.service@bajajfinserv.in
Website: www.bajajhousingfinance.in
Bajaj Housing Finance Ltd IPO Registrar
Bajaj Housing Finance Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- BofA Securities India Ltd
- Axis Capital Ltd
- Goldman Sachs (India) Securities Pvt Ltd
- SBI Capital Markets Ltd
- JM Financial Ltd
- IIFL Securities Ltd
FAQ
What is the issue size of Bajaj Housing Finance Ltd IPO?
I have pre-applied for Bajaj Housing Finance Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.