Bookbuilding IPO | ₹6,560 Cr | Listed at BSE, NSE | Mon, Sep 9, 2024 - Wed, Sep 11, 2024
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 per share. The lot size for an application is 214. The minimum amount of investment required by an retail is ₹14,980 (214 shares) (based on upper price). 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 Open
Mon, Sep 9, 2024
IPO Close
Wed, Sep 11, 2024
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹58,297.03 Cr
| IPO Date | 9 to 11 Sep, 2024 |
| Listed on | Mon, Sep 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹66 to ₹70 |
| Issue Price | ₹70 per share |
| Lot Size | 214 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 93,71,42,856 shares (agg. up to ₹6,560 Cr) |
| Fresh Issue | 50,85,71,428 shares (agg. up to ₹3,560 Cr) |
| Offer for Sale | 42,85,71,428 shares of ₹10 (agg. up to ₹3,000 Cr) |
| Share Holding Pre Issue | 7,81,95,75,273 shares |
| Share Holding Post Issue | 8,32,81,46,702 shares |
| BSE Script Code / NSE Symbol | 544252 / BAJAJHFL |
| ISIN | INE377Y01014 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 214 shares and in multiples thereof.
| 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 |
Bajaj Housing Finance IPO raises ₹1,758.00 crore from anchor investors. Bajaj Housing Finance IPO Anchor bid date is September 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 6, 2024 |
| Shares Offered | 25,11,42,856 |
| Anchor Portion (₹ Cr.) | 1,758.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 11, 2024 |
| 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 | 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:
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.
| 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 | 1,257.80 | 709.62 |
| NET Worth | 14,719.91 | 12,233.50 | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting our capital base to meet future business requirements of the Company towards onward lending | 3,499.55 |
| KPI | Jun 30, 2024 |
|---|---|
| Debt/Equity | 5.70 |
| RoNW | 3.6% |
| Price to Book Value | 3.72 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.21 | 2.32 |
| P/E (x) | 31.62 | 30.2 |
| Promoter Holding | 100% | 88.75% |
| Market Cap | ₹58,297.03 Cr. |
The Bajaj Housing Finance IPO is subscribed 67.43 times on September 11, 2024 6:19:07 PM (Day 3). The public issue subscribed 7.41 times in the retail category, 222.05 times in the QIB category, and 43.98 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 222.05 | 16,74,28,580 | 37,17,70,59,692 |
| NII | 43.98 | 12,55,71,430 | 5,52,27,78,678 |
| bNII (bids above ₹10L) | 50.53 | 8,37,14,286 | 4,23,02,57,840 |
| sNII (bids below ₹10L) | 30.88 | 4,18,57,143 | 1,29,25,20,838 |
| Retail | 7.41 | 29,30,00,000 | 2,17,07,65,924 |
| Employee | 2.13 | 2,85,71,428 | 6,09,28,368 |
| Others | 18.54 | 7,14,28,571 | 1,32,42,38,420 |
| Total | 67.43 | 68,60,00,009 | 46,25,57,71,082 |
Total Application : 89,07,250
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees and commissions (including underwriting commission, brokerage and selling commission) | 35.99 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs (2)(3)(4)(5) | 13.17 |
| 3 | Fees payable to the Registrar to the Offer | 0.26 |
| 4 | Fees payable to the other advisors to the Offer | 2.67 |
| 5 | Other expenses: | |
| 6 | Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | 22.59 |
| 7 | Printing and stationery | 2.19 |
| 8 | Advertising and marketing expenses | 10.74 |
| 9 | Fee payable to legal counsels | 6.45 |
| 10 | Miscellaneous | 16.17 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹70.00 | ₹70.00 |
| Open | ₹150.00 | ₹150.00 |
| Low | ₹147.00 | ₹146.00 |
| High | ₹164.99 | ₹165.00 |
| Last Trade | ₹164.99 | ₹165.00 |
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 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 214.
The IPO opens on Mon, Sep 9, 2024, and closes on Wed, Sep 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 Mon, Sep 9, 2024 and closes on Wed, Sep 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 Fri, Sep 13, 2024. Check the Bajaj Housing Finance IPO allotment status.
The Bajaj Housing Finance IPO listing date is on Mon, Sep 16, 2024.
