| Bajaj Housing Finance IPO Review | Bajaj Housing Finance IPO Subscription Status | Bajaj Housing Finance IPO Allotment Status |
Bajaj Housing Finance IPO Description – Bajaj Housing Finance is a housing finance company (HFC) registered with the National Housing Bank (NHB). The company has been involved in mortgage lending since Fiscal 2018. The company offers customized financial solutions for individuals and corporate entities seeking to buy or renovate homes and commercial spaces. The company mortgage product range includes home loans, loans against property, lease rental discounting, and developer financing.
The company’s primary focus is on individual retail housing loans, complemented by an assortment of lease rental discounting and developer loans, serving a broad customer base from individual homebuyers to large developers. As of 31 March 2024, the company AUM stood at INR 91,370.40 crore, showing a compound annual growth rate (CAGR) of 30.9% between Fiscals 2022 and 2024.
The average ticket size of the home loans was INR 0.46 crore, with an average loan-to-value ratio of 70.5%. Also, 75.8% of the company home loan AUM originated from customers with a CIBIL score above 750. As part of the Bajaj group, the company has 308,693 active customers as of 31 March 2024, with 81.7% being home loan customers. The company had 215 branches across 174 locations in 20 states and three union territories.
Promoters of Bajaj Housing Finance – Bajaj Finance Limited, and Bajaj Finserv Limited
Table of Contents
Bajaj Housing Finance IPO Details
| Bajaj Housing Finance IPO Dates | 9 – 11 September 2024 |
| Bajaj Housing Finance Issue Price | INR 66 – 70 per share |
| Fresh issue | INR 3,560 crore |
| Offer For Sale | INR 3,000 crore |
| Total IPO size | INR 6,560 crore |
| Minimum bid (lot size) | 214 shares (INR 14,980) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Shareholder Reservation | Yes |
| Listing On | NSE, BSE |
Bajaj Housing Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 3,766.71 | 5,664.73 | 7,617.31 |
| Expenses | 2,807.27 | 3,965.38 | 5,456.39 |
| Net income | 709.62 | 1,257.80 | 1,731.22 |
| Margin (%) | 18.84 | 22.20 | 22.73 |
Bajaj Housing Finance Offer News
- Bajaj Housing Finance RHP
- Bajaj Housing Finance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Bajaj Housing Finance Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 (Pre Issue) | FY 2024 (Post Issue)* | |
| EPS | 1.5 | 1.9 | 2.6 | 2.08 |
| PE Ratio | – | – | 25.38 – 26.92 | 31.75 – 33.67 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 11.1 | 14.6 | 15.2 |
| NAV | 13.8 | 15.6 | 18.2 |
| EBITDA (%) | 83.39 | 87.29 | 90.50 |
| Debt/Equity | 6.2 | 5.1 | 5.7 |
Bajaj Housing Finance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 September 2024 | 70 | – | 9,000 |
| 13 September 2024 | 70 | – | 9,000 |
| 12 September 2024 | 70 | – | 9,000 |
| 11 September 2024 | 63 | – | 7,300 |
| 10 September 2024 | 60 | – | 7,000 |
| 9 September 2024 | 55 | – | 6,100 |
| 7 September 2024 | 50 | – | 5,900 |
| 6 September 2024 | 53 | – | 6,100 |
| 5 September 2024 | 53 | – | 6,100 |
| 4 September 2024 | 53 | – | 6,100 |
| 3 September 2024 | 57 | – | 6,500 |
| 2 September 2024 | 57 | – | 6,500 |
| 31 August 2024 | 45 | – | 4,400 |
| 28 August 2024 | 40 | – | 4,200 |
| 27 August 2024 | 36 | – | 4,100 |
| 26 August 2024 | 36 | – | 4,100 |
| 24 August 2024 | 32 | – | 4,000 |
| 23 August 2024 | 25 | – | 4,000 |
| 22 August 2024 | 15 | – | 3,000 |
Bajaj Housing Finance IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Augmenting the capital base to meet future business requirements of the company toward onward lending
- General corporate purposes
Bajaj Housing Finance – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Bajaj Housing Finance | 33.67 | 2.6 | 15.2 | 18.2 | 7,617.71 |
| LIC Housing Finance | 7.3 | 86.5 | 16.2 | 572.3 | 27,277.80 |
| PNB Housing Finance | 12.4 | 58.2 | 11.6 | 576.6 | 7,057.09 |
| Can Fin Homes | 12.9 | 56.4 | 18.8 | 326.2 | 3,524.69 |
| Aadhar Housing | 18.7 | 18.4 | 18.4 | 104.3 | 2,586.98 |
| Aavas Financiers | 25.8 | 61.9 | 13.9 | 476.8 | 2,020.69 |
| Aptus Value Housing Finance | 24.6 | 12.2 | 17.2 | 75.5 | 1,416.84 |
| Home First Finance | 24.3 | 33.7 | 15.5 | 239.7 | 1,156.55 |
Bajaj Housing Finance IPO Allotment Status
Bajaj Housing Finance IPO allotment status will be available on KFin Tech website. Click on this link to get allotment status.
Bajaj Housing Finance IPO Dates & Listing Performance
| IPO Opening Date | 9 September 2024 |
| IPO Closing Date | 11 September 2024 |
| Finalization of Basis of Allotment | 12 September 2024 |
| Initiation of refunds | 13 September 2024 |
| Transfer of shares to demat accounts | 13 September 2024 |
| Bajaj Housing Finance IPO Listing Date | 16 September 2024 |
| Opening Price on NSE | INR 150 per share (up 114.3%) |
| Closing Price on NSE | INR 165 per share (up 135.71%) |
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Bajaj Housing Finance Offer Lead Manager
KOTAK MAHINDRA CAPITAL COMPANY LIMITED
1st Floor, 27 BKC, Plot No. C – 27, “G” Block, Bandra Kurla Complex,
Bandra (East), Mumbai 400 051, Maharashtra, India
Phone: +91 22 4336 0000
Email: [email protected]
Website: www.investmentbank.kotak.com
Bajaj Housing Finance Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/18003094001
E-mail: [email protected]
Website: www.kfintech.com
Bajaj Housing Finance Contact Details
BAJAJ HOUSING FINANCE LIMITED
5th Floor, B2, Cerebrum IT Park, Kumar City, Kalyani Nagar,
Pune 411014, Maharashtra, India
Phone: 020 71878060
Email: [email protected]
Website: www.bajajhousingfinance.in
Bajaj Housing Finance IPO FAQs
How many shares in Bajaj Housing Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for Bajaj Housing Finance Public Offer?
The best way to apply for the Bajaj Housing Finance public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Bajaj Housing Finance IPO GMP today?
Bajaj Housing Finance IPO GMP today is INR 70 per share.
What is Bajaj Housing Finance’s kostak rate today?
Bajaj Housing Finance kostak rate today is INR NA per application.
What is Bajaj Housing Finance Subject to Sauda rate today?
Bajaj Housing Finance Subject to Sauda rate today is INR 9,000 per application.
Is there any quota reserve for Bajaj Finance and Bajaj finserv Shareholder?
Yes, there is special reservation for shareholders of Bajaj Finance and Bajaj Finserv in this IPO. You can check full list of IPOs with shareholder detail on this page
https://ipocentral.in/upcoming-ipos-with-shareholders-quota/
Appreciate quota ratio as I hold shares of bajaj Finser. So do I get benifits for Bajaj houseing