Bajaj Housing Finance IPO is creating a book built issue of Rs. 6,560.00. The IPO includes a fresh issue of Rs.50.86 cr shares summing to Rs. 3,560.00 crores and offer for sale of 42.86 crore chares summing to Rs 3,000.00 crores.
Bajaj Housing finance IPO is all set to open on 9 September 2024 and it will close on 11 September 2024. The allotment of the IPO is expected to be finalized on Thursday, 12 September 2024. Bajaj Housing Finance is a non – deposit taking housing finance company that has been registered with the national housing bank. And their IPO will public on BSE, NSE with tentative listing date i.e Monday 16 September 2024.
Bajaj Housing Finance IPO have set their price range between Rs.66 to Rs.70 per share and more importantly the minimum lot size for an application is 214 Shares.
Bajaj Housing Finance (BHF) IPO Details-
| IPO Date | September 9, 2024 to September 11, 2024 |
| 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 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 IPO Timeline (Tentative Schedule)
Bajaj Housing Finance IPO will be open for subscription from 9 September to 11 September 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 |
| 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 IPO Reservation
The Bajaj Housing Finance IPO offering 93.71 crore shares, allocated as follows: 17.87% (16.74 crore) to QIBs, 13.4% (12.55 crore) to NIIs, 31.27% (29.30 crore) to RIIs, 3.05% (2.85 crore) to employees, and 26.8% (25.11 crore) to anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | 25,11,42,856 (26.8%) | NA |
| QIB Shares Offered | 16,74,28,580 (17.87%) | NA |
| NII (HNI) Shares Offered | 12,55,71,430 (13.4%) | – |
| bNII > ₹10L | 8,37,14,286 (8.93%) | 27,942 |
| sNII < ₹10L | 4,18,57,143 (4.47%) | 13,971 |
| Retail Shares Offered | 29,30,00,000 (31.27%) | 13,69,158 |
| Employee Shares Offered | 2,85,71,428 (3.05%) | NA |
| Other Shares Offered | 7,14,28,571 (7.62%) | NA |
| Total Shares Offered | 93,71,42,865 (100%) | – |
Bajaj Housing Finance IPO Lot Size
Investors can place bids for a minimum of 214 shares in Bajaj Housing Finance IPO, with multiples thereafter. The table below highlights the minimum and maximum investment details for retail investors and HNIs 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 IPO Promoter Holding
The promoters of Bajaj Housing Finance IPO are Bajaj Finance Limited and Bajaj Finserv Limited.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | – |
Bajaj Housing Finance IPO Anchor Investors Details As per Bellows-
The company has raised Rs 1,758 crores from anchor investors. The anchor bid date for the IPO was September 6, 2024.
| Bid Date | September 6, 2024 |
| Shares Offered | 251,142,856 |
| Anchor Portion Size (In Cr.) | 1,758.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 11, 2024 |
About Bajaj Housing Finance Limited (BHF)
Bajaj Housing Finance is classified as an ‘upper-Layer NBFC (NON-BANKING FINANCIAL COMPANY) by the RBI pursuant to Scale Based Regulations, a subsidiary of the renowned Bajaj Group has been making significant strides in the Indian housing finance market since, its inception in 2008. Bajaj Housing Finance offers financial solutions that facilitate the purchase and renovation of residential and commercial properties for both individuals and companies. Bajaj Housing Finance uses both direct and indirect channels to originate loans.
With a strong focus on home loans, Bajaj Housing Finance has garnered a substantial customer base. As of March 31, 2024, the company had over 300,000 active customers, primarily consisting of home loan borrowers.
Bajaj Housing Finance’s extensive network of branches across India ensures widespread accessibility to its mortgage products. The company’s commitment to providing exceptional customer service and innovative financial solutions has contributed to its growth and success.
Financial Information Of Bajaj Housing Finance Limited
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 | 81,827.09 | 64,654.14 | 48,527.08 |
| Revenue | 2,208.73 | 7,617.71 | 5,665.44 | 3,767.13 |
| Profit After Tax | 482.61 | 1,731.22 | 1,257.8 | 709.62 |
| Net Worth | 14,719.91 | 12,233.5 | 10,503.19 | 6,741.36 |
| Reserves and Surplus | 4,252.83 | 5,520.81 | 3,791.03 | 1,858.03 |
| Total Borrowing | 73,347.06 | 69,129.32 | 53,745.39 | 41,492.32 |
| Amount in ₹ Crore | ||||
Objects of the Issue (Bajaj Housing Finance IPO Objectives)
- Strengthen Capital Base: The Company aims to increase its capital base to support future growth and lending activities.
Bajaj Housing Finance Limited Contact Details-
Bajaj Auto Limited Complex,
Mumbai-Pune Road,
Akurdi, Pune – 411035
Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website:
https://www.bajajhousingfinance.in/
Bajaj Housing Finance IPO Registrar
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com
Website:
https://kosmic.kfintech.com/ipostatus/
FAQs: Bajaj Housing Finance IPO
What is the Bajaj Housing Finance IPO?
The Bajaj Housing Finance IPO consists of an offer for sale (OFS) of equity shares by parent company Bajaj Finance for a total of ₹3,000 crore and a new issue of equity shares up to ₹3,560 crore.
When does the Bajaj Housing Finance IPO open for subscription?
The Bajaj Housing Finance IPO opens on September 9, 2024.
When does the Bajaj Housing Finance IPO close for subscription?
The Bajaj Housing Finance IPO closes on September 11, 2024.
The Bajaj Housing Finance IPO closes on September 11, 2024.
The Bajaj Housing Finance IPO closes on September 11, 2024.
What is the minimum investment amount for retail investors?
The minimum investment amount for retail is required ₹14,980.
What are the lot sizes for different categories of investors?
There are two lot for the different categories i.e Retail investors must apply for at least 214 shares. For sNII, it’s 2,996 shares (14 lots), and for bNII, it’s 14,338 shares (67 lots).
What is the date of allotment for the Bajaj Housing Finance IPO?
The Allotment date is expected to be finalized on September 12, 2024.
What is the tentative listing date of the Bajaj Housing Finance IPO?
The tentative listing date will be on September 16, 2024.
How much has the Bajaj Housing Finance IPO raised from anchor investors?
The Bajaj Housing Finance IPO has raised Rs 1,758 crores from anchor investors.
What is the purpose of the Bajaj Housing Finance IPO funds?
They wants to the funds will be used to strengthen the capital base for future lending and business growth.
