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₹ 14980 / 214 shares

IPO Details

RHP/DRHP

Issue Date

09 Sep - 11 Sep'24

Investment/lot

₹ 14980

Price Range

66 - 70

Lot Size

214

IPO Size

₹ 6560.00 Cr

IPO Listing Details

Listing On

16 Sep'24

Issue Price

70

Listed Price

₹ 150

Retail Gain/Listing Gain

114.29%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) engaged in mortgage lending since Fiscal 2018.

The company offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces. Their product suite comprises home loans, loans against property, lease rental discounting and developer financing.

Click here to know more about Bajaj Housing Finance Share Price and stay updated on the latest market trends.

Distinguished heritage of the “Bajaj” brand

The company is a wholly-owned subsidiary of Bajaj Finance Limited, which is among India’s largest NBFCs, based on AUM, as of March 31, 2024 (Source: CRISIL Report). Their market position is reflected in strong credit ratings, underscoring their financial stability and investor confidence.

Second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio

The company AUM has grown at a CAGR of 30.9% from FY22 to FY24 and was ₹913,704 million as of March 31, 2024, making them the fourth fastest growing HFC/NBFC as compared to other NBFCs in India (Source: CRISIL Report).

Well-defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among peers in FY24

The evaluation process is particularly true in the case of their retail loan portfolio wherein their centralised underwriting process coupled with adoption of straight-through processing for salaried customers and Approved Project Finance (APF) projects ensures quicker and more accurate loan evaluations. As at March 31, 2024, they had 6,039 APF projects. This approach is further enhanced by their digitised credit processes and the strategic use of account aggregator integration allowing for efficient retail underwriting.

  • Any inability to comply with financial and other covenants under their debt financing arrangements could adversely affect the business.

  • A majority of their home loan portfolio comprises loans to salaried and self-employed customers, who may be adversely affected by factors such as business failure, insolvency, lack of liquidity, loss of employment or personal emergencies. These factors could lead to increased customer defaults, leading to an increase in the levels of non-performing assets and a possible fall in the rate of loan portfolio expansion.

  • The company may be impacted by volatility in interest rates, which could cause their net interest income, net interest margins and the value of their fixed income portfolio to decline and adversely affect the business.

  • Continuous leverage of technology and analytics to enhance productivity, reduce expenses, improve customer experience and manage risks.

  • Diversifying and strengthening market presence with strategic customer focus and comprehensive risk management.

  • Continuous diversification of their borrowing profile to optimise borrowing costs.

Here are the key financials for Bajaj Housing Finance Limited:

Particulars (in Rs. million)

Particulars (in Rs. million)

WHAT ARE YOU LOOKING FOR?
Applying for an IPO for the first time?
Here's a video playlist to help you invest in the upcoming Bajaj Housing Finance Limited IPO
How to apply for IPO through ASBA

How to apply for IPO through ASBA

Kotak Securities

04m 01s

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

Here are the steps to apply for Bajaj Housing Finance Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Bajaj Housing Finance IPO FAQs

Bajaj Housing Finance IPO will list on 2024-09-16.

6560.00 is the issue size of Bajaj Housing Finance IPO.

The minimum lot size is 214 shares and the investment required is ₹14980.

The price band of Bajaj Housing Finance IPO is ₹66 to ₹70.

You can read more about Bajaj Housing Finance and its IPO from the company’s red herring prospectus (RHP) here.

The Bajaj Housing Finance IPO has an issue size of ₹6560 crores. The IPO opens for subscription on 9/9/2024 and closes on 11/9/2024.

KFin Technologies Limited is the registrar for this IPO.

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