Bajaj Housing Finance Ltd IPO
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Bajaj Housing Finance Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 9,371.43 L | ₹ 4,285.71 L | ₹ 2,930 L | ₹ 78,195.75 L | BSE | ₹ 6560 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 09 Sep, 24 | 11 Sep, 24 | 214 | ₹ 14,124 | Book Building | 16 Sep, 24 |
Bajaj Housing Finance Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Finance - Housing |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 88.82x | 418571428 | 37177059692 |
| NII | 44.03x | 125571429 | 5528557748 |
| Retail | 7.47x | 293000000 | 2188022028 |
| Employee | 2.18x | 28571429 | 62185190 |
| Total | 49.39x | 937142857 | 46283582522 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Bajaj Housing Finance Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 2,200.92 | 1,733.46 | 985.62 |
| EBITDA | 2,240.52 | 1,766.86 | 1,011.38 |
| PAT | 1,731.22 | 1,257.80 | 709.62 |
| Total Assets | 533.57 | 543.66 | 791.61 |
| Share Capital | 6,712.16 | 6,712.16 | 4,883.33 |
| Total Borrowings | 65,481.87 | 52,564.29 | 36,370.95 |
| Operating Activities (Net Cash) | 1,770.82 | 1,291.20 | 735.38 |
| Investing Activities (Net Cash) | 1,937.70 | 2,000.60 | 1,246.81 |
| Financing Activities (Net Cash) | 65,481.87 | 52,564.29 | 36,370.95 |
| Net Cashflow | 64.01 | 108.87 | 407.17 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Bajaj Housing Finance Ltd
Bajaj Housing Finance Limited was originally incorporated as `Bajaj Financial Solutions Limited' at Pune, Maharashtra as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2008, issued by the Registrar of Companies, Maharashtra at Pune (RoC) and was granted its certificate for commencement of business on September 24, 2008 by the RoC. Thereafter, the name of the Company was changed to `Bajaj Housing Finance Limited' with a fresh certificate of incorporation dated November 14, 2014 issued by the Assistant Registrar of Companies, Pune. The Company has also been granted a certificate of registration dated September 24, 2015 by the NHB bearing registration number 09.0127.15 to commence/carry on the business of a housing finance institution without accepting public deposits.
According to the CRISIL Report, India has very low penetration in terms of housing finance as compared to other economies which shows a high potential for expansion of Indian housing finance companies. The Indian housing finance market clocked a healthy CAGR of 12.6% (growth in credit outstanding) during Fiscals 2019 to 2023, on account of rise in disposable incomes, healthy demand, and greater number of players entering the segment. Going forward, CRISIL MI&A expects overall housing segment to grow at a CAGR of 13-15% from Fiscal 2023 to Fiscal 2027.
Bajaj Housing Finance Limited is a non-deposit taking Housing Finance Company registered with the National Housing Bank since September 24, 2015, offering tailored financial solutions for purchasing and renovating residential and commercial properties. It has also been identified and categorized as an Upper Layer NBFC by the RBI in India and its comprehensive mortgage products include home loans, loans against property, lease rental discounting and developer financing. The Company primarily focus on individual retail housing loans, supported by a diverse range of commercial and developer loans, serving customers from homebuyers to large developers.
Peer Comparison:
- LIC Housing Finance Ltd
- PNB Housing Finance Ltd
- Can Fin Homes Ltd
- Aadhar Housing Finance Ltd
- AAVAS Financiers Ltd
- Aptus Value Housing Finance India Ltd
- Home First Finance Company India Ltd
Bajaj Housing Finance Ltd IPO Key Points
Strengths
- The Company has a distinguished heritage of the Bajaj brand, which enjoys widespread recognition as a reliable retail brand with strong brand equity.
- The Company is the second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio.
- The Company has a strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology.
- The COmpany has well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among its Peers in Fiscal 2024.
- The Company has access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies.
Risk
- Its inability to fully recover the collateral value or the sums due from defaulted loans promptly or entirely, could adversely affect its business, results of operations, cash flows and financial condition.
- If the company is unable to control the level of Gross Non-Performing Assets/Stage 3 Assets in its portfolio effectively or if the company is unable to maintain adequate provisioning coverage or if there is any change in regulatorily-mandated provisioning requirements, its financial condition and results of operations could be adversely affected.
- If the company is unable to comply with the requirements stipulated by Reserve Bank of India, it could have a material adverse effect on its business, results of operations, cash flows and financial condition.
Strategy
- Continue to leverage technology and analytics to enhance productivity, reduce expenses, improve customer experience and manage risks.
- Diversifying and strengthening market presence with strategic customer focus and comprehensive risk management.
- Continue to diversify our borrowing profile to optimize borrowings costs.
- Continue to attract, train and retain talented employees.
- The Company has a distinguished heritage of the Bajaj brand, which enjoys widespread recognition as a reliable retail brand with strong brand equity.
- The Company is the second largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio.
- The Company has a strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology.
- The COmpany has well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among its Peers in Fiscal 2024.
- The Company has access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies.
How To Apply for Bajaj Housing Finance Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.