In this article you get to know insight about Bajaj Housing Finance Limited IPO Details. Bajaj Housing Finance, established in 2008, is a prominent non-deposit-taking Housing Finance Company (HFC) recognized by the National Housing Bank (NHB) since 2015. Specializing in mortgage loans since the financial year 2018, the company is part of the renowned Bajaj Group, which operates across multiple sectors. Bajaj Housing Finance provides tailored financial solutions for both individuals and corporations, focusing on home purchases, renovations, and commercial space financing. Their comprehensive product suite includes home loans, loans against property (LAP), rent concessions, and developer finance.
As of March 31, 2024, Bajaj Housing Finance boasts a substantial customer base of 308,693 active clients, with 81.7% utilizing home loan services. The company’s extensive network spans 215 branches across 174 locations in 20 states and three union territories. This network is supported by six centralized retail loan review centers and seven centralized loan processing centers.
The upcoming Bajaj Housing Finance IPO is a significant book-built issue valued at ₹6,560 crores. This includes a fresh issue of ₹3,560 crores and an offer for sale amounting to ₹3,000 crores. The IPO will be open for subscription from September 9, 2024, to September 11, 2024. Allotments are expected to be finalized by September 12, 2024, with the shares anticipated to list on the BSE and NSE on September 16, 2024. The price band for the IPO will be announced closer to the opening date.
Leading the IPO as book-running lead managers are Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, JM Financial Limited, and IIFL Securities Ltd. The registrar for the IPO is Kfin Technologies Limited.
Bajaj Housing Finance Limited IPO Objectives
The Bajaj Housing Finance IPO aims to utilize the net proceeds to strengthen its capital base, enabling the company to meet its future business needs and support ongoing lending activities. This strategic move is intended to enhance the company’s financial stability and support its expansion plans.
Bajaj Housing Finance Limited IPO Details
| IPO Date | September 9, 2024 to September 11, 2024 |
| Face Value | ₹10 per share |
| Price | |
| Lot Size | |
| Total Issue Size | |
| Fresh Issue | |
| Issue Type | Book Built Issue IPO |
| Listing | BSE, NSE |
| Share holding pre issue | 7,819,575,273 |
| Share holding post issue | |
| Market Maker portion |
Bajaj Housing Finance Limited IPO Reservation
The Bajaj Housing Finance IPO has a structured reservation plan to ensure diverse investor participation. Qualified Institutional Buyers (QIBs) are allocated up to 50% of the net offer, reflecting their significant role in the issue. Retail investors will be offered no less than 35% of the total shares, providing broad access to individual investors. High-Net-Worth Individuals (HNIs), categorized under Non-Institutional Investors (NII), will be allocated at least 15% of the offer. This distribution strategy aims to cater to a range of investor types and maximize participation in the IPO.
Bajaj Housing Finance Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | |||
| Retail (Max) | |||
| HNI (Min) |
Bajaj Housing Finance Limited IPO Promoter Holding
Bajaj Housing Finance is primarily promoted by Bajaj Finance Limited and Bajaj Finserv Limited. Prior to the IPO, these promoters hold a complete 100% shareholding in the company. Following the IPO, their shareholding will be reduced due to the issuance of new shares, though the exact post-issue percentage is yet to be disclosed.
Bajaj Housing Finance Limited IPO Tentative Dates
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Wednesday, September 11, 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 Limited IPO Registrar
If you need to inquire about the allotment status of Bajaj Housing Finance IPO is Kfin Technologies Limited IPO, you can contact Kfin Technologies.
The registrar for the Bajaj Housing Finance IPO is Kfin Technologies Limited. Investors can contact Kfin Technologies at phone numbers 040-6716-2222 or 040-7961-1000. For inquiries via email, they can be reached at bhfl.ipo@kfintech.com. To check the status of the IPO or for more information, visit their website at Kfin Technologies IPO Status..
FAQs
What is Bajaj Housing Finance Limited?
Established in 2008 and recognized by the National Housing Bank (NHB) since 2015, Bajaj Housing Finance Limited is a prominent non-deposit-taking Housing Finance Company (HFC) that specializes in mortgage loans. It provides financial solutions for home purchases, renovations, and commercial space financing, as well as other financial products like loans against property and developer finance.
When will the IPO for Bajaj Housing Finance Limited open and close?
The IPO will open for subscription on September 9, 2024, and close on September 11, 2024.
What is the price band and face value of the shares in the IPO?
The face value of each share is ₹10. The price band for the IPO will be announced closer to the opening date.
What is the total issue size of the IPO and how is it structured?
The IPO has a total issue size of ₹6,560 crores, comprising:
A fresh issue of ₹3,560 crores
An offer for sale of ₹3,000 crores
How is the IPO reserved among different investor categories?
The IPO reservation is structured as follows:
Qualified Institutional Buyers (QIBs): Up to 50% of the net offer
Retail Investors: No less than 35% of the total shares
High-Net-Worth Individuals (HNIs) or Non-Institutional Investors (NII): At least 15% of the offer
What are the objectives of the IPO proceeds?
The net proceeds from the IPO will be used to strengthen the company’s capital base, support ongoing lending activities, and enhance financial stability to aid in future expansion plans.
When will the allotment, refunds, and credit of shares occur?
The basis of allotment will be finalized by September 11, 2024. Refunds and credit of shares to demat accounts are expected to occur on September 13, 2024. The shares are anticipated to be listed on the BSE and NSE on September 16, 2024.
What are the contact details for the IPO registrar?
The registrar for the IPO is Kfin Technologies Limited. You can contact them at:
Phone: 040-6716-2222 or 040-7961-1000
Email: bhfl.ipo@kfintech.com
Website: Kfin Technologies IPO Status
What is the pre and post-issue shareholding of the promoters?
Before the IPO, the promoters, Bajaj Finance Limited and Bajaj Finserv Limited, hold 100% of the company’s shares. After the IPO, their collective shareholding will be reduced due to the issuance of new shares, though the exact post-issue percentage is yet to be disclosed.
Who are the book-running lead managers for the IPO?
The book-running lead managers are:
- Kotak Mahindra Capital Company Limited
- Bofa Securities India Limited
- Axis Capital Limited
- Goldman Sachs (India) Securities Private Limited
- SBI Capital Markets Limited
- JM Financial Limited
- IIFL Securities Ltd