The Bajaj Housing Finance IPO: What You Need to Know

Bajaj Housing Finance, a well-known non-deposit-taking Housing Finance Company, will be commencing its IPO from September 9 to September 11, 2024. Being registered with the National Housing Bank and authorized by the RBI, the company provides an extensive selection of mortgage products. The main objective of the IPO is to reinforce its capital base for future growth. Investors can easily take part in this exciting opportunity using HDFC Sky’s One-Click IPO feature, streamlining the process with just a few taps. Here’s all you need to know about the Bajaj Housing Finance IPO and investing through HDFC Sky.

About Bajaj Housing Finance

Bajaj Housing Finance, established in September 2015, is a registered Housing Finance Company with the National Housing Bank. It specializes in tailored financial options for acquiring and improving both residential and commercial properties. Acknowledged by the Reserve Bank of India as an “Upper Layer” NBFC, Bajaj Housing Finance offers a variety of mortgage products such as home loans, property-backed loans, lease rental discounting, and funding for developers. With an emphasis on individual retail housing loans and a diversified selection of commercial and developer loans, the company caters to the needs of homebuyers and major developers.

Bajaj Finance Limited and Bajaj Finserv Limited are the promoters of Bajaj Housing Finance. The objective of the IPO is to augment the company’s capital base to meet future business requirements towards onward lending. 

Summary of Financial Information

The Restated Financial Information of the company for the last three financial years is as follows: 

Particulars	Year ended 31st March’24 (₹ in millions)	Year ended 31st March’23 (₹ in millions)	Year ended 31st March’22 (₹ in millions)
Equity Share Capital	67,121.6	67,121.6	48,833.3
Other Equity	55,213.4	37,910.3	18,580.3
Net Worth	122,335.0	105,031.9	67,413.6
Total Income	76,177.1	56,654.4	37,671.3
Profit for the Year	17,312.2	12,578.0	7,096.2
Net Asset Value Per Equity Share	18.2	15.6	13.8
Total Borrowings	691,293.2	537,453.9	414,923.2

Bajaj Housing Finance IPO Details

The following are the details associated with this IPO: 

• IPO Date: September 9, 2024, to September 11, 2024
• Tentative Listing Date: September 16, 2024
• Face Value: ₹10 per share
• Price Band: ₹66 to ₹70 per share
• Lot Size: 214 shares
• Total Issue Size: 937,142,858 shares, aggregating to ₹6,560.00 crore
• Fresh Issue: 508,571,429 shares, aggregating to ₹3,560.00 crore
• Offer for Sale: 428,571,429 shares with a face value of ₹10, aggregating to ₹3,000.00 crore
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• Pre-Issue Shareholding: 7,819,575,273 shares
• Post-Issue Shareholding: 8,328,146,702 shares

Bajaj Housing Finance IPO Reservation

• Investor Category: Shares Offered
• Qualified Institutional Buyer (QIB): Up to 50% of the net offer
• Retail Investors: At least 35% of the offer
• Non-Institutional Investors (NII): At least 15% of the offer

How can you invest in Bajaj Housing Finance’s IPO with HDFC Sky’s One-Click Feature?

HDFC Sky simplifies the way you invest in IPOs with its seamless One-Click IPO feature, making investing in trending companies like Bajaj Housing Finance easier than ever. With just a few clicks, you can participate in high-demand IPOs hassle-free and secure. 

Here’s a step-by-step guide to investing in the Bajaj Housing Finance IPO using HDFC Sky: 

1. Open an HDFC Sky Account: Setting up an account is a quick and entirely online process, giving you access to all the features of HDFC Sky instantly. Provide your PAN details and date of birth and submit to verify KYC.
2. Explore IPO Listings: Once your account is active, browse the platform to find the upcoming Bajaj Housing Finance IPO, among other exciting offerings. You got to Profile > Indian Stocks > IPO.
3. Invest with One Click: After selecting the IPO, click to invest. You can complete the transaction swiftly using your UPI ID.
4. Place Order: Approve the mandate in your UPI/banking app. Confirm and place the order.

About HDFC Sky

HDFC Sky is a stock market trading app from HDFC Securities that offers much more than IPO investments. You can open trading and Demat accounts, invest in the share market via equity derivatives, Mutual Funds and start options and futures trading. Additionally, HDFC Sky provides personalised stock portfolio recommendations and allows you to track and apply for IPOs anytime with UPI payments.