Bajaj Housing Finance IPO 2024 Overview
Bajaj Housing Finance Limited is launching its IPO, set to open on September 9, 2024, and close on September 11, 2024. This Fixed Price Issue IPO aims to raise around ₹6,560 crores, comprising a fresh issue of ₹3,560 crores and an offer for sale of up to ₹3,000 crores. The IPO price band is set between ₹65 to ₹70 per equity share, and the shares will be listed on both NSE and BSE on September 16, 2024.
IPO Details at a Glance
| Details | Information |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| IPO Size | ₹6,560 Crores |
| Fresh Issue | ₹3,560 Crores |
| Offer for Sale | ₹3,000 Crores |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹65 to ₹70 Per Share |
| Listing on | NSE & BSE |
| Retail Quota | 35% |
| Qualified Institutional Buyers (QIB) Quota | 50% |
| Non-Institutional Investors (NII) Quota | 15% |
About Bajaj Housing Finance Limited
Bajaj Housing Finance Limited is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. The company offers various mortgage lending products, including home loans, loans against property, lease rental discounting, and developer financing. It caters to a wide range of customers, from individual homebuyers to large-scale developers. With a strong financial background, the company has shown significant growth, reporting a revenue of ₹7,617.71 crores in 2024, up from ₹5,665.44 crores in 2023.
Bajaj Housing Finance IPO Financial Highlights
The financial performance of Bajaj Housing Finance has been robust over the past few years:
| Year | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (PAT) (₹ Crores) |
|---|---|---|---|
| 2022 | 3,767.13 | 2,807.27 | 709.62 |
| 2023 | 5,665.44 | 3,965.38 | 1,257.80 |
| 2024 | 7,617.71 | 5,456.39 | 1,731.22 |
The company has demonstrated significant growth in its revenue and profitability, making the Bajaj Housing Finance IPO a potentially attractive investment opportunity for long-term investors.
IPO Objectives
The primary objectives of the Bajaj Housing Finance IPO are:
- Augmenting Capital Base: To meet future business needs and support onward lending.
- General Corporate Purposes: To enhance overall business operations and expansion.
Bajaj Housing Finance IPO Market Lot
Investors need to understand the market lot sizes for the IPO to plan their investment effectively:
| Application Type | Lot Size | Shares | Amount (Approx.) |
|---|---|---|---|
| Retail Minimum | 1 | TBD | TBD |
| Retail Maximum | 13 | TBD | TBD |
| S-HNI Minimum | 14 | TBD | TBD |
| B-HNI Minimum | 68 | TBD | TBD |
Note: The exact number of shares and the amount will be updated soon.
Important Dates for Bajaj Housing Finance IPO
| Event | Date |
|---|---|
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment Date | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
Ensure to mark these dates on your calendar if you are planning to apply for the Bajaj Housing Finance IPO.
How to Apply for Bajaj Housing Finance IPO
Investors can apply for the Bajaj Housing Finance IPO through several methods:
- ASBA (Application Supported by Blocked Amount): Available via your bank’s online portal.
- UPI: Through stock brokers’ platforms like Zerodha, Upstox, Paytm Money, etc.
- Offline Forms: Download the forms from NSE or BSE, fill them out, and submit them through your broker or bank.
For a detailed guide on how to apply for the IPO, visit our IPO Forms page.
Bajaj Housing Finance IPO Subscription Status
The subscription status of the IPO will be updated daily once the IPO opens. Stay tuned to our IPO Subscription page for real-time updates on how the IPO is being subscribed by different categories of investors.
Grey Market Premium (GMP) for Bajaj Housing Finance IPO
The Bajaj Housing Finance IPO GMP (Grey Market Premium) will be monitored and updated regularly on our IPO GMP page. Investors should keep an eye on this page to gauge the market sentiment before applying for the IPO.
Frequently Asked Questions (FAQs)
Q1: What is the Bajaj Housing Finance IPO?
A1: Bajaj Housing Finance IPO is a main-board IPO aiming to raise ₹6,560 crores. The price band is set between ₹65 to ₹70 per equity share, and the shares will be listed on BSE and NSE.
Q2: When will the Bajaj Housing Finance IPO open and close?
A2: The IPO will open on September 9, 2024, and close on September 11, 2024.
Q3: How can I check the Bajaj Housing Finance IPO Allotment Status?
A3: You can check the allotment status on the IPO Allotment page using your PAN or application number.
Q4: What is the Bajaj Housing Finance IPO Lot Size?
A4: The IPO lot size details will be updated soon. Stay tuned to our website for the latest updates.
Q5: How to apply for the Bajaj Housing Finance IPO through Zerodha?
A5: Log in to the Zerodha Console, go to the Portfolio section, and click on IPO. Select Bajaj Housing Finance, enter the required details, and submit your application.
For more FAQs and detailed answers, visit our IPO Review page.
Conclusion
The Bajaj Housing Finance IPO presents an exciting opportunity for investors, especially given the company’s strong financial performance and growth potential. Make sure to review all the IPO details, check the grey market premium, and understand the allotment process before making your investment decision. Stay updated with all the latest news and insights on our Upcoming IPO page.
