Bajaj Housing Finance
Mainboard₹14,980 / 214 Shares
Bajaj Housing Finance IPO Details
The Bajaj Housing Finance IPO price band is set between ₹66-70 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 9 Sep, 2024 and closes on 11 Sep, 2024. Investors can check the allotment status on 12 Sep, 2024, while the listing date is tentatively scheduled for 16 Sep, 2024.
The total issue size is Total ₹6,560 Cr :#Fresh Issue : 508,571,429 shares, aggregating up to ₹3,560 Cr. Stay tuned for the latest Bajaj Housing Finance IPO review and GMP updates.
Bajaj Housing Finance IPO Review, Rating & Analysis
Bajaj Housing Finance IPO Review
NO REVIEWBajaj Housing Finance IPO Rating
Bajaj Housing Finance IPO Highlights
IPO Date
Sep 9, 2024 - Sep 11, 2024
Listing Date
16 Sep, 2024
Face Value
₹10 Per Equity Share
Price Band
₹66-70 per equity share
Lot Size
214 Shares
Fresh Issue
508,571,429 Shares
Offer for Sale
428,571,429 shares of ₹10
Listing At
BSE, NSE
Bajaj Housing Finance IPO Lot Size
The minimum market lot for Bajaj Housing Finance IPO is 214 shares with an application amount of ₹14,980. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2782 | ₹1,94,740 |
| S-HNI (Min) | 14 | 2996 | ₹2,09,720 |
| S-HNI (Max) | 66 | 14124 | ₹9,88,680 |
| B-HNI (Min) | 67 | 14338 | ₹10,03,660 |
Bajaj Housing Finance IPO Timeline
Issue Price
₹66-70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Kotak Mahindra Capital Company LimitedBofa Securities India LimitedAxis Capital LimitedGoldman Sachs (India) Securities Private LimitedSBI Capital Markets LimitedJm Financial LimitedIifl Securities LtdIssue Size
Total ₹6,560 Cr :#Fresh Issue : 508,571,429 shares(aggregating up to ₹3,560 Cr) +
#OFS : 428,571,429 shares of ₹10(aggregating up to ₹3,000 Cr)
Bajaj Housing Finance IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 81827.09 | 7617.71 | 1731.22 | 12233.5 | 5520.81 | 69129.32 |
| 31 Mar 23 | 64654.14 | 5665.44 | 1257.8 | 10503.19 | 3791.03 | 53745.39 |
| 31 Mar 22 | 48527.08 | 3767.13 | 709.62 | 6741.36 | 1858.03 | 41492.32 |
All values are in ₹ Cr.
Bajaj Housing Finance IPO Valuations
EPS Pre IPO
₹2.21/-EPS Post IPO
₹2.32/-PE Pre IPO
31.62PE Post IPO
30.2ROE
-ROCE
-Debt Equity
5.70RoNW
3.6%PAT Margin
-Price to Book Value
3.72Promoters & Share Holding
Promoter(s) Name
- Bajaj Finance Limited and Bajaj Finserv Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 87.80% |
About Company
Bajaj Housing Finance Limited, registered with the National Housing Bank on September 24, 2015, began mortgage lending in Fiscal 2018. Within seven years, it became the largest non-deposit-taking HFC in India by AUM and the second-largest HFC overall. It's also the eighth-largest NBFC-UL in India, notable for its profitability with strong returns on average assets and equity in Fiscal 2024. The company leads its peers with the fastest AUM CAGR growth rate from Fiscal 2022 to 2024.
Bajaj Housing Finance offers a diverse range of financial solutions for both individuals and corporate entities. These solutions include home loans, loans against property (LAP), lease rental discounting, and developer financing. The company primarily focuses on individual retail housing loans, supplemented by various lease rental discounting and developer loans.
As of March 31,2024, Bajaj Housing Finance's assets under management (AUM) stood at ₹913,704.0 million, showcasing a compound annual growth rate (CAGR) of 30.9% from Fiscal 2022 to 2024. The average ticket size for its home loans was ₹4.6 million, with an average loan-to-value ratio of 70.5%. Additionally,75.8% of the company's home loan AUM came from customers with a CIBIL score above 750.
The company offers the most diversified suite of mortgage lending products in India and has the highest proportion of salaried customers in its home loan portfolio among large HFCs. It is known for focusing on prime housing and has one of the highest average ticket sizes.
Bajaj Housing Finance operates through a network of 215 branches across 174 locations in 20 states and three union territories. This network is supported by six centralised hubs for retail underwriting and seven processing hubs, ensuring efficient service delivery to meet the diverse needs of its customers across urban and upcountry locations.
Bajaj Housing Finance IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 167,428,580 | 125,571,430 83,714,286 41,857,143 | 293,000,000 | 686,000,009 |
Day 1 -09-09-24 05:00 PM | 1.07 x | 4.34 4.49 x 4.03 x | 1.50 x | 2.01 x |
Day 2 -10-09-24 05:00 PM | 7.46 x | 16.46 17.98 x 13.41 x | 3.84 x | 7.51 x |
Day 3 -11-09-24 05:00 PM | 209.36 x | 41.42 47.64 x 28.98 x | 6.93x/SH:18.54 x | 63.52 x |
Retail:5.36x
BHNI:8.79x
SHNI:27.71x times
Company Contact Details
Bajaj Housing Finance
Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411035Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website: https://www.bajajhousingfinance.in/
Registrar Contact Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com
Frequently Asked Questions about Bajaj Housing Finance IPO
When will Bajaj Housing Finance IPO open for subscription?
The Bajaj Housing Finance IPO opens on 9 Sep, 2024 and closes on 11 Sep, 2024.
What is the investors portion for Bajaj Housing Finance IPO?
The investors' portion for QIB is 209.36 x, NII is 47.64 x, and Retail is 6.93x18.54 x.
How to apply for Bajaj Housing Finance IPO?
You can apply for Bajaj Housing Finance IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Bajaj Housing Finance IPO?
The issue size of Bajaj Housing Finance IPO is approx ₹Total ₹6,560 Cr :#Fresh Issue : 508,571,429 shares(aggregating up to ₹3,560 Cr) +#OFS : 428,571,429 shares of ₹10(aggregating up to ₹3,000 Cr) crores.
What is the price band of Bajaj Housing Finance IPO?
The price band for Bajaj Housing Finance IPO is ₹66 to ₹70 per equity share.
What is the lot size of Bajaj Housing Finance IPO?
The minimum bid (lot size) for Bajaj Housing Finance IPO is N/A shares with an investment of approx ₹14,980 .
What is the allotment date of Bajaj Housing Finance IPO?
The allotment date for Bajaj Housing Finance IPO is 12 Sep, 2024.
What is the listing date of Bajaj Housing Finance IPO?
The listing date for Bajaj Housing Finance IPO is expected to be 16 Sep, 2024.
What is the GMP of Bajaj Housing Finance IPO?
The latest Grey Market Premium (GMP) for Bajaj Housing Finance IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.