Bajaj Housing Finance, a prominent non-deposit-taking Housing Finance Company, is set to launch its IPO from September 9 to September 11, 2024. The company is registered with the National Housing Bank and recognised by the RBI. The company offers a wide range of mortgage products. The IPO aims to strengthen its capital base for future growth. Investors can easily participate in this exciting opportunity using HDFC Sky’s One-Click IPO feature, which simplifies the process with just a few taps. Here’s everything you need to know about the Bajaj Housing Finance IPO and how to invest via HDFC Sky.
About Bajaj Housing Finance
Bajaj Housing Finance is a non-deposit-taking Housing Finance Company registered with the National Housing Bank since September 24, 2015. The company offers customised financial solutions for purchasing and renovating residential and commercial properties. Recognised by the Reserve Bank of India (RBI) as an “Upper Layer” Non-banking Financial Company (NBFC) in India, Bajaj Housing Finance provides a wide range of mortgage products, including home loans, loans against property, lease rental discounting, and developer financing. The company primarily focuses on individual retail housing loans alongside a diverse portfolio of commercial and developer loans, serving homebuyers and large developers.
Bajaj Finance Limited and Bajaj Finserv Limited are the promoters of Bajaj Housing Finance. The objective of the IPO is to augment the company’s capital base to meet future business requirements towards onward lending.
Summary of Financial Information
The Restated Financial Information of the company for the last three financial years is as follows:
| Particulars | Year ended
31st March’24 (₹ in millions) |
Year ended
31st March’23 (₹ in millions) |
Year ended
31st March’22 (₹ in millions) |
| Equity Share Capital | 67,121.6 | 67,121.6 | 48,833.3 |
| Other Equity | 55,213.4 | 37,910.3 | 18,580.3 |
| Net Worth | 122,335.0 | 105,031.9 | 67,413.6 |
| Total Income | 76,177.1 | 56,654.4 | 37,671.3 |
| Profit for the Year | 17,312.2 | 12,578.0 | 7,096.2 |
| Net Asset Value Per Equity Share | 18.2 | 15.6 | 13.8 |
| Total Borrowings | 691,293.2 | 537,453.9 | 414,923.2 |
Bajaj Housing Finance IPO Details
The following are the details associated with this IPO:
- IPO Date: September 9, 2024, to September 11, 2024
- Tentative Listing Date: September 16, 2024
- Face Value: ₹10 per share
- Price Band: ₹66 to ₹70 per share
- Lot Size: 214 shares
- Total Issue Size: 937,142,858 shares, aggregating to ₹6,560.00 crore
- Fresh Issue: 508,571,429 shares, aggregating to ₹3,560.00 crore
- Offer for Sale: 428,571,429 shares with a face value of ₹10, aggregating to ₹3,000.00 crore
- Issue Type: Book Built Issue IPO
- Listing At: BSE, NSE
- Pre-Issue Shareholding: 7,819,575,273 shares
- Post-Issue Shareholding: 8,328,146,702 shares
Bajaj Housing Finance IPO Reservation
- Investor Category: Shares Offered
- Qualified Institutional Buyer (QIB): Up to 50% of the net offer
- Retail Investors: At least 35% of the offer
- Non-Institutional Investors (NII): At least 15% of the offer
How can you invest in Bajaj Housing Finance’s IPO with HDFC Sky’s One-Click Feature?
HDFC Sky simplifies the way you invest in IPOs with its seamless One-Click IPO feature, making investing in trending companies like Bajaj Housing Finance easier than ever. With just a few clicks, you can participate in high-demand IPOs hassle-free and secure.
Here’s a step-by-step guide to investing in the Bajaj Housing Finance IPO using HDFC Sky:
- Open an HDFC Sky Account: Setting up an account is a quick and entirely online process, giving you access to all the features of HDFC Sky instantly. Provide your PAN details and date of birth and submit to verify KYC.
- Explore IPO Listings: Once your account is active, browse the platform to find the upcoming Bajaj Housing Finance IPO, among other exciting offerings. You got to Profile > Indian Stocks > IPO.
- Invest with One Click: After selecting the IPO, click to invest. You can complete the transaction swiftly using your UPI ID.
- Place Order: Approve the mandate in your UPI/banking app. Confirm and place the order.
About HDFC Sky
HDFC Sky is a stock market trading app from HDFC Securities that offers much more than IPO investments. You can open trading and Demat accounts, invest in the share market via equity derivatives, Mutual Funds and start options and futures trading. Additionally, HDFC Sky provides personalised stock portfolio recommendations and allows you to track and apply for IPOs anytime with UPI payments.
