Bajaj Housing Finance IPO will open for subscription from 09 September 2024. The company aims for an issue size of ₹6,560 Cr through this IPO.
Company Overview
| Full name | Bajaj Housing Finance Limited |
| Sector | Finance |
| Industry | Finance – Housing |
| Company Website | https://www.bajajhousingfinance.in/ |
About Company
Bajaj Housing Finance is a housing finance company (HFC) registered with the National Housing Bank (NHB). The company has been involved in mortgage lending since Fiscal 2018. The company offers customized financial solutions for individuals and corporate entities seeking to buy or renovate homes and commercial spaces. The company mortgage product range includes home loans, loans against property, lease rental discounting, and developer financing.
The company’s primary focus is on individual retail housing loans, complemented by an assortment of lease rental discounting and developer loans, serving a broad customer base from individual homebuyers to large developers. As of 31 March 2024, the company AUM stood at INR 91,370.40 crore, showing a compound annual growth rate (CAGR) of 30.9% between Fiscals 2022 and 2024.
The average ticket size of the home loans was INR 0.46 crore, with an average loan-to-value ratio of 70.5%. Also, 75.8% of the company home loan AUM originated from customers with a CIBIL score above 750. As part of the Bajaj group, the company has 308,693 active customers as of 31 March 2024, with 81.7% being home loan customers. The company had 215 branches across 174 locations in 20 states and three union territories.
The Objectives of the Issue
- Augment capital base to meet future business requirements of the company towards onward lending.
Bajaj Housing Finance IPO Timetable
| IPO Opening date | 09 September 2024 |
| IPO Closing | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation Refund | 13 September 2024 |
| Credit to Demat Account | 13 September 2024 |
| Listing Date | 16 September 2024 |
Bajaj Housing Finance IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹6,560 Cr – 937,142,858 shares |
| Fresh Issue | ₹3,560 Cr – 508,571,429 shares |
| Offer for sale | ₹3,000 Cr – 428,571,429 shares |
| Face value | ₹10 per share |
| Price Band | ₹66 to ₹70 per share |
| Lot size | 214 Shares |
| Shareholding pre-issue | 7,819,575,273 |
| Shareholding post-issue | 8,328,146,702 |
| Listing Exchange | BSE & NSE |
Bajaj Housing Finance Offer Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2782 | ₹194,740 |
| S-HNI (Min) | 14 | 2,996 | ₹209,720 |
| S-HNI (Max) | 66 | 14,124 | ₹988,680 |
| B-HNI (Min) | 67 | 14,338 | ₹1,003,660 |
Bajaj Housing Finance Offer Documents
Bajaj Housing Finance IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Bajaj Housing Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 3,766.71 | 5,664.73 | 7,617.31 |
| Expenses | 2,807.27 | 3,965.38 | 5,456.39 |
| Net income | 709.62 | 1,257.80 | 1,731.22 |
| Margin (%) | 18.84 | 22.20 | 22.73 |
Bajaj Housing Finance Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue)* | |
| EPS | 1.5 | 1.9 | 2.6 | 2.08 |
| PE Ratio | – | – | 25.38 – 26.92 | 31.75 – 33.67 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 11.1 | 14.6 | 15.2 |
| NAV | 13.8 | 15.6 | 18.2 |
| EBITDA (%) | 83.39 | 87.29 | 90.50 |
| Debt/Equity | 6.2 | 5.1 | 5.7 |
Company Promoters
- Bajaj Finance Limited
- Bajaj Finserv Limited
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Bajaj Housing Finance Offer GMP Update
Coming Soon
Bajaj Housing Finance IPO Subscription Update
Coming Soon
Bajaj Housing Finance IPO Allotment Status
Bajaj Housing Finance IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.
Bajaj Housing Finance IPO Listing Details
| Listing Date | 16 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
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| Last Trade |
Bajaj Housing Finance IPO Lead Manager(s)
- 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 Ltd
Bajaj Housing Finance Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/18003094001
E-mail: bhfl.ipo@kfintech.com
Website: www.kfintech.com
Bajaj Housing Finance Contact Details
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
Bajaj Housing Finance IPO FAQs
How many shares in Bajaj Housing Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Bajaj Housing Finance Public Offer?
The best way to apply for the Bajaj Housing Finance public offer is through Internet banking ASBA . You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bajaj Housing Finance Offer GMP today?
Bajaj Housing Finance IPO GMP today is ₹ 53 per share.
What is Bajaj Housing Finance’s kostak rate today?
Bajaj Housing Finance kostak rate today is ₹ NA per application.
What is Bajaj Housing Finance Subject to Sauda rate today?
Bajaj Housing Finance Subject to Sauda rate today is ₹ 6,100 per application.
Final thoughts
Bajaj Housing Finance IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
