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BAJAJ HOUSING FINANCE IPO

14,980
Minimum Investment

Price Range (₹)

Rs. 66 –Rs. 70

Issue Size (₹ in Cr.)

Up to 6560 Cr

Minimum Quantity

214 Shares

Bidding Period

Sep 9 – Sep 11, 2024
  Prospectus Document: Download Now

Bajaj Housing Finance IPO Issue timeline

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About the Bajaj Housing Finance IPO

- Bajaj Housing Finance Ltd. is a non-deposit taking Housing Finance Company (“HFC”), registered with the National Housing Bank (“NHB”) since September 24, 2015, and engaged in mortgage lending since Fiscal 2018.
- Offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and
commercial spaces.
- Bajaj Housing Finance is the second largest HFC and has highest salaried customer mix in home loan portfolio amongst large HFCs

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Strengths

Distinguished heritage of the “Bajaj” brand, which enjoys widespread recognition

The Bajaj group was founded in 1926. It is a prominent Indian conglomerate known for its diverse business interests across various sectors. Bajaj Housing Finance is a wholly-owned subsidiary of Bajaj Finance Limited, which is among India’s largest NBFCs, based on AUM, as at March 31, 2024 (Source: CRISIL Report, Company RHP)

Track record of strong growth driven by a diversified portfolio

Bajaj Housing Finance has demonstrated a consistent growth trajectory over their seven-year operational history, even amid challenging events such as the NBFC crisis, the downturn of key industry players and the unprecedented impacts of COVID-19. They have grown to be the second largest HFC and were the eighth largest NBFC-UL in India (in terms of AUM) as at March 31, 2024. (Source: CRISIL Report, Company RHP)

Strategic presence with omni-channel sourcing strategy

Bajaj Housing Finance has a strategic presence across mortgage-centric markets with the following key components: branches, centralized hubs and active channel partners.As at March 31, 2024, their distribution network included 215 branches, six centralized hubs for retail underwriting and seven centralized processing hubs for loan processing and 1,784 active channel partners (Source: Company RHP)

Risks

Business is subject to various operational risks associated with the financial industry

Their business is subject to various operational and other risks associated with the financial industry.In particular, where customers repay their loans in cash directly to them or through representative appointed by them, they are exposed to the risk of fraud, misappropriation or unauthorized transactions by their representatives and employees responsible for dealing with such cash collections. (Source: Company RHP)

They are party to certain legal proceedings and any adverse outcome in these or other proceedings may adversely affect business

They are involved, from time to time, in legal proceedings that are incidental to their operations and these involve proceedings filed by and against them. There can be no assurance on the outcome of legal proceedings or that the provisions they make will be adequate to cover all losses they may incur in such proceedings, or that their actual liability will be as reflected in any provision that they have made in connection with any such legal proceedings.(Source: Company RHP)

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Financials

  • Net Worth
  • Total Income
  • Total Borrowings
  • Profit for the Period
  • Earnings Per Share

Industry Trends

  • Credit penetration is lower in India compared to other countries
  • Chandigarh, Delhi, Maharashtra, and Telangana, have a higher banking credit penetration compared to other states
  • Housing finance accounts for third highest share in overall NBFC credit as of Fiscal 2023
  • Estimated shortage and requirement of approximately 100 million houses in 2022
  • Housing finance market in India to log a CAGR of 13-15% from Fiscal 2023 to 2027
  • Maharashtra accounted for the highest share in housing finance credit as of December 31, 2023, with approximately 22% share
  • Public sector banks account for highest share (43%) among lenders in overall housing finance credit as of December 31, 2023

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    Fill in the required details

    Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.

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Bajaj Housing Finance IPO FAQs

The lot size is 214 shares and minimum investment required is Rs.14,980 for Bajaj Housing Finance IPO

Bajaj Housing Finance IPO is mainboard IPO of issue size up to Rs.6560 Crores

Bajaj Housing Finance IPO issue dates are from 09th – 11th Sep, 2024.

The allotment date is 12th Sep, 2024 and listing date is 16th Sep, 2024 for Bajaj Housing Finance IPO.

The price band of Bajaj Housing Finance IPO is Rs.66 – Rs.70.

The book runners for the Bajaj Housing Finance IPO are Kotak Mahindra Capital Company Ltd, Bofa Securities India Ltd, Axis Capital Ltd, Goldman Sachs (India) Securities Private Ltd, SBI Capital Markets Ltd, Jm Financial Ltd, Iifl Securities Ltd

The objective of Bajaj Housing Finance IPO is augmenting their capital base to meet future business requirements towards onward lending  

No, you cannot submit for more than one application with a single PAN in Bajaj Housing Finance IPO

Eligible shareholders of Bajaj Finance Ltd and Bajaj Finserv Ltd. as of 30th Aug are eligible to apply in shareholder category for Bajaj Housing Finance IPO. 

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