Bajaj Housing Finance Limited IPO
MainboardHousing Finance Company
Listed On: Sep 16, 2024 at ₹ 150.0(NSE)
₹ 14980 /214 Shares
Check AllotmentPrice Summary
Last Closing
121.67 (73.81%)52 Week High
188.5052 Week Low
103.10Last Update
13-Jun-2025 3:30 PM09 Sep, 2024
Open Date11 Sep, 2024
Close Date12 Sep, 2024
Allotment Date16 Sep, 2024
Listing DateIssue Price
₹66-70 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
150.0(NSE)Listing Date
2024-09-16Market Lot
Retail : 214 Shares (₹14,980/-)S-HNI : 2,996 Shares (₹2,09,720/-)
B-HNI : 14,338 Shares (₹10,03,660/-)
Lead Manager
Kotak Mahindra Capital Company LimitedBofa Securities India Limited
Axis Capital Limited
Goldman Sachs (India) Securities Private Limited
SBI Capital Markets Limited
Jm Financial Limited
Iifl Securities Ltd
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)
Retail Portion
35% (Number of Retail Applications: 13,69,159 Approx),(Number of S-HNI Applications : 13,971 Approx),
(Number of B-HNI Applications : 27,942 Approx),
(Number of Shareholder Applications : 3,33,378 Approx)
Subscription
63.52 timesBajaj Housing Finance IPO Details
Bajaj Housing Finance IPO is a book-built issue of ₹6560 crores, The total issue size is ₹6560 crores. The IPO of Bajaj Housing Finance is priced at ₹66-70 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Sep 9, 2024 and ends on Sep 11, 2024. The allotment for Bajaj Housing Finance IPO will be finalized on Sep 12, 2024. Bajaj Housing Finance IPO will be listed on BSE, NSE, with a tentative listing date fixed as Sep 16, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.
Retail investors can bid for a minimum of 214 shares, extendable to 14,980. The book-running lead manager for the IPO is/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 .
The total issue ₹6560 crore, comprising a fresh issue of 50,85,71,429 shares ₹3560 crore and an Offer for Sale (OFS) of 42,85,71,429 shares to mop up ₹3000 crore.
The Bajaj Housing Finance IPO sets its price band at 66-70 for each share. A single application for Bajaj Housing Finance Limited IPO must contain at least 214 shares. Sentiment investors need to invest a minimum of 214 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,980
Bajaj Housing Finance IPO Subscription Details
| As on | QIB | NII bNII sNII | 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 | 4.34 4.49 x 4.03 x | 1.50 x | 2.01 x |
| Day 2 - 10-09-24 05:00 PM | 7.46 x | 16.46 17.98 x 13.41 x | 3.84 x | 7.51 x |
| Day 3 - 11-09-24 05:00 PM | 209.36 x | 41.42 47.64 x 28.98 x | 6.93x/SH:18.54 x | 63.52 x |
Bajaj Housing Finance Valuations
EPS Pre IPO
₹2.21/-EPS Post IPO
₹2.32/-P/E Pre IPO
31.62P/E Post IPO
30.2Debt/Equity
5.70RoNW
3.6%Price to Book Value
3.72Bajaj Housing Finance Company Financials All values are in ₹ Cr.
| 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 |
About The Company
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 - Strength and Weakness
Bajaj Housing Finance holds AUM of ₹913,704.0 million as of 2024.
Experienced management team with over 21 years of association with the Bajaj group.
Operates 215 branches across 174 locations in 20 states.
Inability to recover full collateral value could adversely affect financial stability.
Regulatory changes could increase provisioning needs, affecting financial health.
Interest rate volatility could erode Net Interest Margins, currently at 4.1%.
Bajaj Housing Finance - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Bajaj Hosing Finance | 3.72 | 33.27 | 15.2% | 7,617 |
| LIC Housing Finance | 1.18 | 7.81 | 16.2% | 27,315 |
| PNB Housing Finance | 1.70 | 15.9 | 11.6% | 7,166 |
| Home First Finance | 4.81 | 31.7 | 15.5% | 1,219 |
| Can Fin Homes | 2.65 | 15.0 | 18.8% | 3,630 |
| Aadhar Housing | N/A | 22.0 | 18.4% | 2,587 |
| AAVAS Financiers | 3.61 | 16.9 | 13.9% | 2,093 |
| Aptus Value Housing | 4.34 | 25.5 | 17.2% | 1,454 |
Bajaj Housing Finance - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 87.80%
- Bajaj Finance Limited and Bajaj Finserv Limited
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
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.
Other Details
Bajaj Housing Finance
Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411035Phone: +91 20 7187806
Email: bhflinvestor.service@bajajfinserv.in
Website: https://www.bajajhousingfinance.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: bhfl.ipo@kfintech.com
Bajaj Housing Finance IPO - FAQs
Ans. Bajaj Housing Finance Limited IPO is a Mainboard IPO. The issue is priced at ₹66-70 per equity share. The minimum order quantity is 214 Shares. The IPO opens on Sep 9, 2024, and closes on Sep 11, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Bajaj Housing Finance Limited IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.
Ans. The size of Bajaj Housing Finance Limited IPO is 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).
Ans. The IPO price band is set between ₹66-70 per equity share.
Ans. To apply for Bajaj Housing Finance Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Bajaj Housing Finance Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Bajaj Housing Finance Limited IPO is Sep 12, 2024.
Ans. The Bajaj Housing Finance Limited IPO will be listed on Sep 16, 2024.
Ans. Follow the steps to check the allotment status for Bajaj Housing Finance Limited IPO here.
