Bajaj Housing Finance IPO
Bajaj Housing Finance IPO is listed on BSE and NSE, priced at ₹66–₹70 per share. The stock debuted at ₹150, delivering a listing gain of 114.3%. The IPO had a lot size of ₹214 shares and a minimum investment of ₹14,980.
Bajaj Housing Finance Limited IPO
- IPO Dates
- Sep 9, 2024 – Sep 11, 2024
- Price band
- ₹66-70 per equity share
- Minimum Investment
- ₹14,980
- Issue size
- ₹6560 Cr
- Lot size
- 214
- Allotment Date
- Sep 12, 2024
- Listing
- Sep 16, 2024
- Listing At
- BSE, NSE
IPO timeline
-
Sep 9, 2024
Open Date
Completed
-
Sep 11, 2024
Close Date
Completed
-
Sep 12, 2024
Allotment Date
Completed
-
Sep 16, 2024
Listing Date
Completed
Price Summary
- Last closing
- 84.24 (20.34%)
- 52 week high
- 128.70
- 52 week low
- 72.65
- Last update
Bajaj Housing Finance IPO Essentials
Bajaj Housing Finance IPO Details
Bajaj Housing Finance IPO is priced at ₹66-70 per share with a total issue size of 6560 crore. The IPO has a lot size of 214 shares and is listed on BSE and NSE.
- Issue price
- ₹66-70 per equity share
- Lot size
- 214 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Total ₹6,560 Cr :
#Fresh Issue : 508,571,429 shares(aggregating up to ₹3,560 Cr) +
#OFS : 428,571,429 shares of ₹10(aggregating up to ₹3,000 Cr) - Total issue size
- 93,71,42,858 shares
(aggregating up to ₹6560 crore) - Fresh issue
- 50,85,71,429 shares
(aggregating up to ₹3560 crore) - Offer for sale (OFS)
- 42,85,71,429 shares
(aggregating up to ₹3000 crore) - Listing at
- BSE, NSE
- List price
- 150.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
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
Market Lot Size
Investors can bid for a minimum of 214 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 214 | ₹14,980 |
| Retail(max) | 13 | 2782 | ₹1,94,740 |
Bajaj Housing Finance IPO Reservation
Bajaj Housing Finance IPO reservation details show category-wise allocation of shares. Out of the total 93,71,42,865 shares, approximately 17.87% are reserved for QIB, 13.4% for NII, 31.27% for retail investors, 3.05% for employees, and 26.8% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 25,11,42,856 (26.8%) | |
| QIB Shares Offered | 16,74,28,580 (17.87%) | |
| NII (HNI) Shares Offered | 12,55,71,430 (13.4%) | |
| bHNI > ₹10L | 8,37,14,286 (8.93%) | 27,942 |
| sHNI < ₹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%) | |
| Total Shares Offered | 93,71,42,865 (100%) |
Bajaj Housing Finance IPO Analytics
Bajaj Housing Finance IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Bajaj Housing Finance IPO Subscription Status
Bajaj Housing Finance IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 167,428,580 |
125,571,430
83,714,286
41,857,143
|
293,000,000 | 686,000,009 |
|
Day 1
09-09-24 05:00 PM
|
1.07 x |
4.34x
4.49x
4.03x
|
1.50 x | 2.01 x |
|
Day 2
10-09-24 05:00 PM
|
7.46 x |
16.46x
17.98x
13.41x
|
3.84 x | 7.51 x |
|
Day 3
11-09-24 05:00 PM
|
209.36 x |
41.42x
47.64x
28.98x
|
6.93x/SH:18.54 x | 63.52 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 88,53,409 (Approx) | —x | —x | 5.36x |
Bajaj Housing Finance Valuations
Earnings
- EPS Pre IPO
- ₹2.21/-
- EPS Post IPO
- ₹2.32/-
- P/E Pre IPO
- 31.62
- P/E Post IPO
- 30.2
Returns
- RoNW
- 3.6%
Fundamentals
- Debt / Equity
- 5.70
- Price / Book
- 3.72
Bajaj Housing Finance Financials( In Crs.)
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 81,827.09 | 64,654.14 | 48,527.08 |
| Revenue | 7,617.71 | 5,665.44 | 3,767.13 |
| Profit After Tax | 1,731.22 | 1,257.8 | 709.62 |
| Net Worth | 12,233.5 | 10,503.19 | 6,741.36 |
| Reserves & Surplus | 5,520.81 | 3,791.03 | 1,858.03 |
| Total Borrowing | 69,129.32 | 53,745.39 | 41,492.32 |
Bajaj Housing Finance Company & Offer Insights
About Bajaj Housing Finance
Bajaj Housing Finance Limited, registered with the National Housing Bank on September 24, 2015, began mortgage lending in Fiscal 2018. Within seven years, it became the largest non-deposit-taking HFC in India by AUM and the second-largest HFC overall. It's also the eighth-largest NBFC-UL in India, notable for its profitability with strong returns on average assets and equity in Fiscal 2024. The company leads its peers with the fastest AUM CAGR growth rate from Fiscal 2022 to 2024.
Bajaj Housing Finance offers a diverse range of financial solutions for both individuals and corporate entities. These solutions include home loans, loans against property (LAP), lease rental discounting, and developer financing. The company primarily focuses on individual retail housing loans, supplemented by various lease rental discounting and developer loans.
As of March 31,2024, Bajaj Housing Finance's assets under management (AUM) stood at ₹913,704.0 million, showcasing a compound annual growth rate (CAGR) of 30.9% from Fiscal 2022 to 2024. The average ticket size for its home loans was ₹4.6 million, with an average loan-to-value ratio of 70.5%. Additionally,75.8% of the company's home loan AUM came from customers with a CIBIL score above 750.
The company offers the most diversified suite of mortgage lending products in India and has the highest proportion of salaried customers in its home loan portfolio among large HFCs. It is known for focusing on prime housing and has one of the highest average ticket sizes.
Bajaj Housing Finance operates through a network of 215 branches across 174 locations in 20 states and three union territories. This network is supported by six centralised hubs for retail underwriting and seven processing hubs, ensuring efficient service delivery to meet the diverse needs of its customers across urban and upcountry locations.
Bajaj Housing Finance Promoter(s)
Bajaj Finance Limited and Bajaj Finserv Limited are the company's promoters of Bajaj Housing Finance.
Bajaj Housing Finance IPO Issue Objectives
- •
- Augmenting the company’s capital base to meet future business requirements of the company towards onward lending
- •
- General corporate purposes.
Bajaj Housing Finance IPO - Anchor Investors
Bajaj Housing Finance raises Rs 1,758 crore via anchor book.
Major anchor investors included Govt of Singapore, which contributed to 3.57 % of the anchor issue, at Rs 62.73 crore, ICICI Prudential Banking and Financial Services Fund that contributed to 4.55 % of the anchor issue at Rs 79.99 crore, and New World Fund Inc contributed 4.27 % of the anchor portion with Rs 74.99 crore.
The anchor issue also saw 21 mutual funds applying through a total of 43 schemes, investing around Rs 627.99 crore.
Bajaj Housing Finance IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Bajaj Housing Finance Limited | 2.6 | 2.6 | 18.2 | N/A | 15.2 | N/A | Standalone |
| LIC Housing Finance Ltd. | 86.5 | 86.5 | 572.3 | 7.3 | 16.2 | N/A | Consolidated |
| PNB Housing Finance Ltd. | 58.4 | 58.4 | 576.6 | 12.4 | 11.6 | N/A | Consolidated |
| Can Fin Homes Ltd. | 56.4 | 56.4 | 326.2 | 12.9 | 18.8 | N/A | Consolidated |
| Aadhar Housing Finance Limited | 19 | 18.4 | 104.3 | 18.7 | 18.4 | N/A | Consolidated |
| Aavas Financiers Ltd. | 62 | 61.9 | 476.8 | 25.8 | 13.9 | N/A | Consolidated |
| Aptus Value Housing Finance India Limited | 12.3 | 12.2 | 75.5 | 24.6 | 17.2 | N/A | Consolidated |
| Home First Finance Company India Ltd. | 34.7 | 33.7 | 239.7 | 24.3 | 15.5 | N/A | Consolidated |
Notes:
- The P/E Ratio has been computed based on the closing market price of equity shares on NSE as of May 31, 2024, divided by the diluted earnings per share for the year ended March 31, 2024.
- Return on Net Worth (%) is calculated as the profit after tax for the relevant fiscal year as a percentage of average net worth in such year.
- Net asset value per equity share (book value per equity share) is computed as net worth as of the last day of the relevant year divided by the outstanding number of issued and subscribed equity shares as of the last day of such year. Net worth is calculated as a sum of equity share capital and other equity.
Bajaj Housing Finance IPO - Strengths and Risks
Bajaj Housing Finance IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Bajaj Housing Finance
+91 20 7187806
bhflinvestor.service@bajajfinserv.in
https://www.bajajhousingfinance.in/
Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411035
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
Bajaj Housing Finance IPO is a book-built IPO worth ₹6560 crore. The price band is ₹66–₹70 per share. The IPO opens on Sep 9, 2024 and closes on Sep 11, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Bajaj Housing Finance IPO is ₹66 to ₹70 per share.
The lot size of Bajaj Housing Finance IPO is 214 shares.
The minimum investment for Bajaj Housing Finance IPO is approximately ₹14,980 based on the upper price band .
Bajaj Housing Finance IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
The allotment date of Bajaj Housing Finance IPO is Sep 12, 2024.
Bajaj Housing Finance IPO is expected to be listed on Sep 16, 2024, on BSE and NSE .
Bajaj Housing Finance IPO listed on Sep 16, 2024. It was issued at ₹150.0(NSE) and is currently around ₹84.24 as on 14-May-2026 3:30 PM, which is approximately 20.3% versus issue price. The 52-week high is ₹128.70.
Based on listing and post-listing performance, Bajaj Housing Finance IPO delivered around 20.3% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Bajaj Housing Finance IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Bajaj Housing Finance IPO valuation snapshot: P/E 30.2, EPS ₹2.32/-, P/B 3.72, RoNW 3.6%, and market cap N/A.
To apply for Bajaj Housing Finance IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Bajaj Housing Finance IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Bajaj Housing Finance IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Bajaj Housing Finance IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Bajaj Housing Finance IPO allotment status on IPO Ji for quick and easy access.