Bajaj Housing Finance Limited IPO Overview

The Bajaj Housing Finance IPO, valued at ₹6,560 crores, is open from September 9-11, 2024, with shares priced between ₹66-70. It features a fresh issue of 50.86 crore shares and an offer for sale of 42.86 crore shares. Retail investors need to invest a minimum of ₹14,980.

Allotments will be finalized on September 12, and the listing on BSE and NSE is set for September 16. Lead managers include Kotak Mahindra, BofA Securities, Axis Capital, Goldman Sachs, SBI Capital Markets, JM Financial, and IIFL Securities, with Kfin Technologies as the registrar.

Refer to Bajaj Housing Finance IPO RHP for detailed information.

Bajaj Housing Finance Limited IPO Important dates

Bajaj Housing Finance IPO opens on September 9, 2024, and closes on September 11, 2024.

IPO Open Date Monday, September 9, 2024
IPO Close Date Wednesday, September 11, 2024
Basis of Allotment Thursday, September 12, 2024
Initiation of Refunds Friday, September 13, 2024
The credit of Shares to Demat Friday, September 13, 2024
Listing Date Monday, September 16, 2024
Cut-off time for UPI mandate confirmation 5 PM on September 11, 2024

Bajaj Housing Finance Limited Financial Performance

Bajaj Housing Finance Limited’s revenue increased by 34% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets ₹88,538.83 Crore ₹81,827.09 Crore ₹64,654.14 Crore ₹48,527.08 Crore
Revenue ₹2,208.73 Crore ₹7,617.71 Crore ₹5,665.44 Crore ₹3,767.13 Crore
Profit After Tax ₹482.61 Crore ₹1,731.22 Crore ₹1,257.80 Crore ₹709.62 Crore
Net Worth ₹14,719.91 Crore ₹12,233.50 Crore ₹10,503.19 Crore ₹6,741.36 Crore
Reserves and Surplus ₹4,252.83 Crore ₹5,520.81 Crore ₹3,791.03 Crore ₹1,858.03 Crore
Total Borrowing ₹73,347.06 Crore ₹69,129.32 Crore ₹53,745.39 Crore ₹41,492.32 Crore

Bajaj Housing Finance Limited IPO Key Performance Indicator

The market capitalization of Bajaj Housing Finance IPO is Rs 58297.03 Cr.

KPI as of June 30, 2024.

KPI Values
Debt/Equity 5.7
RoNW 3.6%
P/BV 3.72
Pre IPO Post IPO
EPS (Rs)  2.21 2.32
P/E (x)  31.62 30.2

Bajaj Housing Finance Limited IPO Objectives

The company intends to utilize the net proceeds towards the following objective:

  • Augment capital base to meet future business requirements of the company towards onward lending.

Bajaj Housing Finance Limited IPO Lot Size

Investors can bid for a minimum of 214 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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 Limited IPO Details

IPO Date September 9, 2024 to September 11, 2024
Listing Date [.]
Face Value ₹10 per share
Price Band ₹66 to ₹70 per share
Lot Size 214 Shares
Total Issue Size 937,142,858 shares
(aggregating up to ₹6,560.00 Cr)
Fresh Issue 508,571,429 shares
(aggregating up to ₹3,560.00 Cr)
Offer for Sale 428,571,429 shares of ₹10
(aggregating up to ₹3,000.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Shareholding pre-issue 7,819,575,273
Shareholding post issue 8,328,146,702

Bajaj Housing Finance Limited Company Overview and Services

Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company registered with the National Housing Bank (NHB) since 2015. Offering mortgage loans since 2018, the company is part of the diversified Bajaj Group, known for its wide range of financial solutions.

Bajaj Housing Finance provides customized products for purchasing and renovating homes and commercial properties. Its offerings include home loans, loan against property (LAP), rent concessions, and developer finance, catering to both individuals and corporates.

As of March 31, 2024, the company served 308,693 active customers, with 81.7% holding home loans. It operates through 215 branches across 174 locations in 20 states and three union territories, supported by six centralized retail loan review centers and seven centralized loan processing centers.

Bajaj Housing Finance Limited IPO SWOT Analysis

Strengths:

  • Strong Brand: Backed by Bajaj Finserv, a well-established and reputable financial services group.
  • Large Issue Size: The IPO is substantial, at ₹6,560 crores, reflecting significant investor interest and confidence.
  • Diverse Underwriters: Managed by a consortium of leading financial institutions like Kotak Mahindra and Goldman Sachs, ensuring credibility and robust marketing.

Weaknesses:

  • Market Volatility: IPOs can be impacted by market fluctuations, potentially affecting performance and investor sentiment.
  • High Competition: The housing finance sector is competitive with several established players, which may impact Bajaj Housing Finance’s market share and growth prospects.

Opportunities:

  • Growing Housing Market: Rising demand for housing finance in India presents growth potential for the company.
  • Expansion Potential: Opportunities for scaling operations and increasing market penetration within the growing housing sector.

Threats:

  • Economic Uncertainty: Economic downturns or changes in interest rates could adversely affect housing finance and the company’s performance.
  • Regulatory Risks: Changes in financial regulations and compliance requirements could impact operational costs and profitability.

Bajaj Housing Finance Limited IPO GMP Details

Bajaj Housing Finance IPO’s last GMP is ₹51, last updated Sep 7th, 2024. With a price band of 70.00, Bajaj Housing Finance IPO’s estimated listing price is ₹121 (cap price + today’s GMP). The expected percentage gain/loss per share is 72.86%.

Bajaj Housing Finance Day-wise IPO GMP Trend

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
11-09-2024 Close 70.00 ₹74   12000/168000 ₹144 (105.71%) 11-Sep-2024
10-09-2024 70.00 ₹70   11400/159600 ₹140 (100%) 10-Sep-2024
09-09-2024 Open 70.00 ₹64   10400/145600 ₹134 (91.43%) 9-Sep-2024
08-09-2024 70.00 ₹56.70   9200/128800 ₹126.7 (81%) 8-Sep-2024
07-09-2024 70.00 ₹52   8500/119000 ₹122 (74.29%) 7-Sep-2024
06-09-2024 70.00 ₹51  8300/116200 ₹121 (72.86%) 6-Sep-2024
05-09-2024 70.00 ₹53   8600/120400 ₹123 (75.71%) 5-Sep-2024
04-09-2024 70.00 ₹50   8100/113400 ₹120 (71.43%) 4-Sep-2024
03-09-2024 70.00 ₹45  7300/102200 ₹115 (64.29%) 3-Sep-2024

Bajaj Housing Finance Limited IPO subscription status 

Bajaj Housing Finance IPO subscribed 67.28 times. The public issue subscribed 7.19 times in the retail category, 222.05 times in QIB, and 43.85 times in the NII category by September 11, 2024,  PM.

Investor Category Subscription (times) Shares Offered* Shares bid for Total Amount (Rs Cr.)*
Anchor Investors 1 25,11,42,856 25,11,42,856 1,758.00
Qualified Institutions 222.05 16,74,28,580 37,17,70,59,692 2,60,239.42
Non-Institutional Buyers 43.85 12,55,71,430 5,50,67,41,518 38,547.19
  bNII (bids above ₹10L) 50.53 8,37,14,286 4,23,02,57,840 29,611.80
  site (bids below ₹10L) 30.50 4,18,57,143 1,27,64,83,678 8,935.39
Retail Investors 7.19 29,30,00,000 2,10,65,19,058 14,745.63
Employees 2.05 2,85,71,428 5,85,71,586 410.00
Others 18.31 7,14,28,571 1,30,81,92,914 9,157.35
Total ** 67.28 68,60,00,009 46,15,70,84,768 3,23,099.59

Total Application: 8,706,059

Note:

  • Shares Offered and Total Amount are calculated based on the upper price of the issue price range.

  • The portion of anchor investors (or market makers) is not included in the total number of shares offered.

Bajaj Housing Finance IPO Subscription Details (times)

Date QIB NII Retail EMP Other Total
Day 1
Sep 9, 2024		 1.14 4.71 1.79 0.38 3.29 2.26
Day 2
Sep 10, 2024		 7.91 17.57 4.25 1.14 10.31 8.08
Day 3
Sep 11, 2024		 222.05 43.85 7.19 2.05 18.31 67.28

Bajaj Housing Finance Limited IPO Allotment status

The allotment status of Bajaj Housing Finance IPO is expected to be available on September 12, 2024.

Bajaj Housing Finance IPO allotment status is not available at this time. Bajaj Housing Finance IPO – The allotment status will be available once the basis of the allotment is finalized. Please revisit us to check the latest updates for Bajaj Housing Finance Limited’s IPO allotment status.

To check Bajaj Housing Finance IPO allotment status, follow the steps below:

  • Click on the below allotment status check button.
  • Select Company Name.
  • Enter your PAN Number, Application Number, or DP Client ID (Anyone).
  • Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call 04067162222, 04079611000, or send an email with all relevant details to bhfl.ipo@kfintech.com.

Bajaj Housing Finance Limited Contact Details

Bajaj Housing Finance Limited
Bajaj Auto Limited Complex,
Mumbai-Pune Road,
Akurdi, Pune – 411035
Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website: https://www.bajajhousingfinance.in/

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Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.