Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018.
The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces.
The company’s mortgage product range is comprehensive and includes:
- Home loans,
- Loan against property (LAP),
- Rent concessions, and
- Developer finance.
As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers.
The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.
Bajaj Housing Finance IPO – Details
| IPO Opening Date | 09 September 2024 |
| IPO Closing Date | 11 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 93,71,42,858 Shares Worth ₹6,560.00 Crore Fresh Issue: 50,85,71,429 Shares Worth ₹3560.00 Crore Offer For Sale: 42,85,71,429 Shares Worth ₹3000.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹66 – ₹70 per share |
| Market Lot | 214 Shares |
| Min Order | 214 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Bajaj Housing Finance IPO – Date Schedule
| IPO Open Date | 09 September 2024 |
| IPO Close Date | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation of Refund | 13 September 2024 |
| Credit of Shares to Demat Account | 13 September 2024 |
| IPO Listing Date | 16 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
Bajaj Housing Finance IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 214 | ₹14,980 |
| Retail (Max) | 13 | 2,782 | ₹1,94,740 |
| S-HNI (Min) | 14 | 2,996 | ₹2,09,720 |
| S-HNI (Max) | 66 | 14,124 | ₹9,88,680 |
| B-HNI (Min) | 67 | 14,338 | ₹10,03,660 |
Competitive Strengths
- The company has a distinguished heritage of the “Bajaj” brand, which enjoys widespread recognition as a reliable retail brand with strong brand equity.
- The company has the second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio.
- The company has a strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology.
- The company has well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among our Peers in Fiscal 2024.
- The company has access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies.
- The company has an experienced management team supported by a team of dedicated professionals and ability to attract and retain talented employees.
Company Promoters
- Bajaj Finance Limited
- Bajaj Finserv Limited
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 3767.13 | 2807.27 | 709.62 | 41,492.32 |
| 31 March 2023 | 5665.44 | 3965.38 | 1257.80 | 53,745.39 |
| 31 March 2024 | 7617.71 | 5456.39 | 1731.22 | 69,129.32 |
| 30 June 2024 | 2208.73 | 1578.85 | 482.61 | 73,347.06 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 3.6% |
| P/BV | 3.72 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.21 | 2.32 |
| P/E (x) | 31.62 | 30.2 |
Object Of The Issue
- Augment capital base to meet future business requirements of the company towards onward lending.
Bajaj Housing Finance IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | LIC Housing Finance Limited | 7.7 |
| 2 | 10 | PNB Housing Finance Limited | 14.1 |
| 3 | 2 | Can Fin Homes Limited | 15.0 |
| 4 | 10 | Aadhar Housing Finance | 21.4 |
| 5 | 10 | Aavas Financiers | 26.8 |
| 6 | 2 | Aptus Value Housing Finance | 25.0 |
| 7 | 2 | Home First Finance | 30.3 |
Bajaj Housing Finance IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 88.75% |
Bajaj Housing Finance IPO Prospectus
Company Contact Information
| 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/ |
Bajaj Housing Finance IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: bhfl.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Bajaj Housing Finance IPO Lead Manager(s)
| 1. JM Financial Limited 2. IIFL Securities Limited 3. Axis Capital Limited 4. SBI Capital Markets Limited 5. BofA Securities India Limited 6. Kotak Mahindra Capital Company Limited 7. Goldman Sachs (India) Securities Private Limited |
Bajaj Housing Finance IPO FAQs
| What is Bajaj Housing Finance IPO? Bajaj Housing Finance IPO is a main-board IPO. The issue is priced at ₹66 to ₹70 per equity share. The IPO is to be listed on BSE & NSE. |
| When Bajaj Housing Finance IPO will open? The IPO is to open on 09 September 2024 for QIB, NII, and Retail Investors. |
| What is Bajaj Housing Finance IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Bajaj Housing Finance IPO? You can apply Bajaj Housing Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Bajaj Housing Finance IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Bajaj Housing Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Bajaj Housing Finance IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Bajaj Housing Finance IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Bajaj Housing Finance IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bajaj Housing Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Bajaj Housing Finance IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Bajaj Housing Finance IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Bajaj Housing Finance IPO Size? Bajaj Housing Finance IPO size is ₹6,560.00 Crore. |
| What is Bajaj Housing Finance IPO Price Band? Bajaj Housing Finance IPO Price Band is ₹66 to ₹70. |
| What is Bajaj Housing Finance IPO Minimum and Maximum Lot Size for retail? The minimum bid is 214 Shares with ₹14,980 amount while the maximum bid is 2,782 Shares with ₹1,94,740. |
| What is the Bajaj Housing Finance IPO Allotment Date? Bajaj Housing Finance IPO allotment date is 12 September 2024. |
| What is the Bajaj Housing Finance IPO Listing Date? Bajaj Housing Finance IPO listing date is 16 September 2024. The IPO is to be listed on BSE and NSE. |
