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Bajaj Housing Finance IPO is a book build issue of ₹6,560.00 crores. The issue is a combination of fresh issue of 50.86 crore shares aggregating to ₹3,560.00 crores and offer for sale of 42.86 crore shares aggregating to ₹3,000.00 crores.
Bajaj Housing Finance IPO bidding started from Sep 9, 2024 and ended on Sep 11, 2024. The allotment for Bajaj Housing Finance IPO was finalized on Sep 12, 2024. The shares got listed on BSE, NSE on Sep 16, 2024.
Bajaj Housing Finance IPO price band is set at ₹70.00 per share . The lot size for an application is 214. The minimum amount of investment required by an retail is ₹14,124 (214 shares). The lot size investment for sNII is 14 lots (2,996 shares), amounting to ₹2,09,720, and for bNII, it is 67 lots (14,338 shares), amounting to ₹10,03,660.
The issue includes a reservation of up to 2,85,71,428 shares for employees offered at a discount of ₹0.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Bajaj Housing Finance IPO RHP for detailed Information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹66 to ₹70 per share |
| Issue Price Final | ₹70 per share |
| Lot Size | 214 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 93,71,42,856 shares (aggregating up to ₹6,560.00 Cr) |
| Fresh Issue | 50,85,71,428 shares (aggregating up to ₹3,560.00 Cr) |
| Offer for Sale | 42,85,71,428 shares of ₹10 (aggregating up to ₹3,000.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,81,95,75,273 shares |
| Share Holding Post Issue | 8,32,81,46,702 shares |
Bajaj Housing Finance IPO offers total 93,71,42,856 shares. Out of which 41,85,71,428 (44.66%) allocated to QIB, 16,74,28,572 (17.87%) allocated to QIB, 12,55,71,429 (13.40%) allocated to NII, 29,30,00,000 (31.27%) allocated to RII and 25,11,42,856 (26.80%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 41,85,71,428 (44.66%) | NA |
| − Anchor Investor Shares Offered | 25,11,42,856 (26.80%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 16,74,28,572 (17.87%) | NA |
| NII (HNI) Shares Offered | 12,55,71,429 (13.40%) | NA |
| − 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 |
| Shareholders Shares Offered | 7,14,28,571 (7.62%) | NA |
| Total Shares Offered | 93,71,42,856 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Up to | Yes |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
Bajaj Housing Finance IPO raises ₹1,758.00 crore from anchor investors. Bajaj Housing Finance IPO Anchor bid date is September 6, 2024. Bajaj Housing Finance IPO Anchor Investors list
| Bid Date | September 6, 2024 |
| Shares Offered | 25,11,42,856 |
| 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 |
Bajaj Housing Finance IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | Mon, Sep 9, 2024 |
| IPO Close Date | Wed, Sep 11, 2024 |
| Tentative Allotment | Thu, Sep 12, 2024 |
| Initiation of Refunds | Fri, Sep 13, 2024 |
| Credit of Shares to Demat | Fri, Sep 13, 2024 |
| Tentative Listing Date | Mon, Sep 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 11, 2024 |
Investors can bid for a minimum of 214 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Founded in 2008, 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 (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) 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 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 |
| Total Income | 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 | ||||
The market capitalization of Bajaj Housing Finance IPO is ₹58297.03 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| Debt/Equity | 5.70 |
| RoNW | 3.6% |
| Price to Book Value | 3.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 2.21 | 2.32 |
| P/E (x) | 31.62 | 30.2 |
The company intends to utilize the net proceeds towards the following objective:
[Dilip Davda] This is the Bajaj group’s housing finance arm carrying the group’s legacy. It is the second largest and fastest growing entity in the segment. It marked steady growth in its top and bottom lines for the reported periods. Based on FY25 annualized earnings, the issue appears fully priced. It’s a pure long term story and investors may park moderate funds for adding this company as a portfolio investment. Read detail review...
Shareholder Reservation Portion: The company has reserved Rs 5000 million worth of shares under shareholder quota.
Eligible Shareholders of Bajaj Finance Limited and Bajaj Finserv Limited as of the Red Herring Prospectus date, i.e. August 30, 2024, would be eligible to apply for this Offer under the Shareholder's Reservation Portion.
Only Bids received at or above the Offer Price will be considered in this category.
The Shareholder portion shall not exceed 10% of the size of the Offer.
| Listing Date | September 16, 2024 |
| BSE Script Code | 544252 |
| NSE Symbol | BAJAJHFL |
| ISIN | INE377Y01014 |
| Final Issue Price | ₹70 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | T |
Bajaj Housing Finance Ltd.
Bajaj Auto Limited Complex,
Mumbai-Pune Road,
Akurdi, Pune - 411035
Pune, Maharashtra
Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website: https://www.bajajhousingfinance.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Lead Manager Reports
Bajaj Housing Finance IPO is a main-board IPO of 93,71,42,856 equity shares of the face value of ₹10 aggregating up to ₹6,560.00 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 214.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Bajaj Housing Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Bajaj Housing Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bajaj Housing Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bajaj Housing Finance IPO opens on September 9, 2024 and closes on September 11, 2024.
Bajaj Housing Finance IPO lot size is 214, and the minimum amount required for application is ₹14,980.
You can apply in Bajaj Housing Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bajaj Housing Finance IPO will be done on Thursday, September 12, 2024, and the allotted shares will be credited to your demat account by Friday, September 13, 2024. Check the Bajaj Housing Finance IPO allotment status.
The Bajaj Housing Finance IPO listing date is on Monday, September 16, 2024.
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