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Bajaj Housing Finance Ltd IPO

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.

Bajaj Housing Finance Ltd IPO Details

Total Shares Offered

₹ 93,71,42,857

Offer to Public

42,85,71,428

Retail Max (Shares)

₹ 29,30,00,000

Pre Issue Promoters Holding

₹ 7,81,95,75,373

Exchange

BSE

Issue size

₹ 6560 Cr

IPO Open Date

Sep 9, 2024

Close Date

Sep 11, 2024

Lot Size

214

Min Investment

₹ 14,124

Issue Type

Book Building

Listing Date

Sep 16, 2024

Bajaj Housing Finance Ltd IPO Dates

Sep 9, 2024

Opening date

Sep 11, 2024

Closing date

Sep 12, 2024

Basis of Allotment

Sep 13, 2024

Initiation of Refunds

Sep 13, 2024

Credit of Shares

Sep 16, 2024

Listing date

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*
QIB	0x	418571428
NII	0x	125571429
Retail	0x	293000000
Employee	0x	28571429
Total	0x	937142857

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

418571428

125571429

293000000

28571429

937142857

Bajaj Housing Finance Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	2,811.38	2,200.92	1,733.46
EBITDA	2,852.53	2,240.52	1,766.86
PAT	2,162.90	1,731.22	1,257.80
Total Assets	733.95	550.31	543.66
Share Capital	8,328.15	6,712.16	6,712.16
Total Borrowings	78,920.53	65,498.61	52,564.29
Operating Activities (Net Cash)	2,204.05	1,770.82	1,291.20
Investing Activities (Net Cash)	2,532.80	1,937.70	2,000.60
Financing Activities (Net Cash)	78,920.53	65,498.61	52,564.29
Net Cashflow	61.78	64.01	108.87

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.

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 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.

How To Apply for Bajaj Housing Finance Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Bajaj Housing Finance Ltd IPO?

Bajaj Housing Finance Ltd's IPO offers shares for up to 3,560 It begins on Sep 9, 2024 and ends on Sep 11, 2024.

What is the price of the Bajaj Housing Finance Ltd IPO?

The price of Bajaj Housing Finance Ltd IPO ranges between ₹66 to ₹70 per share.

What are the open and close dates for the Bajaj Housing Finance Ltd IPO?

The Bajaj Housing Finance Ltd IPO opens on Sep 9, 2024 and closes on Sep 11, 2024.

When will the Bajaj Housing Finance Ltd IPO be allotted?

The allotment for the Bajaj Housing Finance Ltd IPO will be finalised on Sep 12, 2024. The shares will be listed on BSE and NSE on Sep 16, 2024.

What is the minimum lot size required for Bajaj Housing Finance Ltd IPO?

The minimum lot size for Bajaj Housing Finance Ltd IPO is 214 shares, priced between ₹66 to ₹70 per share.

What is the GMP of Bajaj Housing Finance Ltd IPO?

The GMP (Grey Market Premium) of Bajaj Housing Finance Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Bajaj Housing Finance Ltd IPO?

To check the allotment status of Bajaj Housing Finance Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Bajaj Housing Finance Ltd IPO getting listed?

The Bajaj Housing Finance Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 9, 2024, and closes on Sep 11, 2024. The allotment is finalised on Sep 12, 2024.

How do you apply for the Bajaj Housing Finance Ltd IPO?

To apply for the Bajaj Housing Finance Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.