₹ 14980
₹66- ₹70
214
₹150
114
11 Sep 2024
Download13 Sep 2024
16 Sep 2024
Application Details
The Bajaj Housing Finance IPO is scheduled to open on September 9, 2024, and close on September 11, 2024. The IPO has a face value of ₹10 per share, with a price band set between ₹66 to ₹70 per share. Investors can apply in lot sizes of 214 shares. The total issue size comprises 937,142,858 shares, aggregating up to ₹6,560.00 crore. This includes a fresh issue of 508,571,429 shares, totalling ₹3,560.00 crores, and an offer for sale of 428,571,429 shares, amounting to ₹3,000.00 crore.
Important dates for the IPO include the opening on Monday, September 9, 2024, and the closing on Wednesday, September 11, 2024. The basis of allotment will be finalized on Thursday, September 12, 2024. Refunds will be initiated on Friday, September 13, 2024, and the credit of shares to demat accounts is also expected on the same day, Friday, September 13, 2024. The shares are set to list on the stock exchanges on Monday, September 16, 2024.
For the IPO lot size, the minimum application for retail investors is 1 lot, which includes 214 shares, amounting to ₹14,980. The maximum application for retail investors is 13 lots, which totals 2,782 shares, costing ₹1,94,740.
About Bajaj Housing Finance Limited
Company Overview
Incorporated on June 13, 2008, Bajaj Housing Finance Limited (BHFL) is a non-deposit-taking Housing Finance Company (HFC) and part of the Bajaj Group. BHFL has been registered with the National Housing Bank (NHB) since September 24, 2015, and has been engaged in mortgage lending since the financial year 2018. The Reserve Bank of India (RBI) has categorized BHFL as an “Upper Layer” Non-Banking Financial Company (NBFC-UL) since September 30, 2022, under its Scale-Based Regulations for NBFCs.
Product Offerings
Bajaj Housing Finance Limited provides comprehensive financial solutions tailored to individuals and corporate entities for purchasing and renovating homes and commercial spaces. Their mortgage product suite includes home loans, loans against property (LAP), lease rental discounting, and developer financing. The company’s strategic focus is on low-risk, fast-growing home loan customers, with 57.8% of their assets under management (AUM) consisting of home loans as of March 31, 2024. Of these home loans, 87.5% were to salaried customers, 4.3% to self-employed professionals, and 8.2% to self-employed non-professionals.
Growth and Market Position
Bajaj Housing Finance Limited is the second largest HFC in India in terms of AUM, with a total of ₹97,071.33 crore as of June 30, 2024. The company has demonstrated impressive growth, with a compound annual growth rate (CAGR) of 29.3% between Fiscal 2020 and Fiscal 2024. BHFL also has the highest total income CAGR growth of 30.3% during the same period. The company is recognized as India’s largest non-deposit-taking HFC (in terms of AUM) within seven years of commencing mortgage operations. BHFL’s competitive position is further bolstered by its diversified portfolio and high growth trajectory.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.