About Bajaj Housing Finance LimitedIncorporated in 2008, Bajaj Housing Finance Limited is a non-deposit taking housing finance company (HFC) in India. Its product portfolio includes (i) home loans (ii) loans against property (LAP) (iii) lease rental discounting; and (iv) developer financing. It caters to every customer segment, from individual homebuyers to large-scale developers. As of 31 March 2024, it has had 308,693 active customers and an overall loan disbursement of ₹44656 crore. It is present across 174 locations in 20 states and three union territories with a network of 215 branches. The company has scaled its operations consistently to become the second largest non-deposit taking HFC (in terms of AUM) in India within seven years of commencing mortgage operations. The company originates loans from direct and indirect channels. It sources direct loans through strategic partnerships with developers, self-sourcing through customer engagement, and partnership with digital players. It also sources indirectly through a distribution network of channel partners, aggregators, direct selling agents, third-party agents and connectors. Bajaj Housing Finance also offers a suite of insurance products, including life, general, and health insurance. Between FY22 and FY24, it saw a CAGR rise of 19% in its AUM (Assets Under Management) and 34% in its profit. As of 31 March 2024, the gross non-performing assets (GNPA) ratio and net non-performing assets (NNPA) ratio had been at 0.27% and 0.10%, respectively. Meanwhile, around 75.8% of home loan AUM were from customers with a CIBIL score above 750 as of 31 March 2024. Moreover, NBFC credit is expected to grow at a CAGR of 16% to 18% between FY23 and FY25, with housing finance accounting for the highest share in NBFC retail credit, which could benefit the company. And now, Bajaj Housing Finance Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹7000 crore comprising fresh issue, aggregating to ₹4000 crore, as well as an offer for sale, aggregating to ₹3000 crore. The money raised from the fresh issue will be utilized to augment its capital base to meet future business requirements. Its shares will be listed on the NSE and BSE. Here are key details about the Bajaj Housing Finance IPO:
Financial snapshot
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Here’s a quick look at Bajaj Housing Finance Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
Risks and threats
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Bajaj Housing Finance Limited IPO details|Bajaj Housing Finance Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Bajaj Housing Finance IPO’s opening date – in other words, the Bajaj Housing Finance IPO launch date – is yet to be announced. The Bajaj Housing Finance IPO closing date is yet to be announced. After this, investors will be updated about the allotment status on a date which is yet to be announced. Investors, who have been allotted shares, can expect them to be credited to their demat account on a date that is yet to be announced. The Bajaj Housing Finance IPO listing date is yet to be announced. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Bajaj Housing Finance Limited IPO Price BandThe IPO is a fresh issue as well as an offer for sale. The Bajaj Housing Finance IPO price band is yet to be announced. Interested investors can choose a price within this band to apply for the IPO. The Bajaj Housing Finance IPO listing price is yet to be announced. The listing price is the price at which a company’s shares debut on the stock exchanges. |Bajaj Housing Finance Limited IPO Lot size The Bajaj Housing Finance IPO details have not been declared. The Bajaj Housing Finance IPO lot size is yet to be announced and an investor can apply for a minimum of 1 lot. Meanwhile, the Bajaj Housing Finance IPO issue size is approx ₹7000 crore. |
How to pre-apply for the Bajaj Housing Finance Limited IPO?You can pre-apply for the Bajaj Housing Finance Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Bajaj Housing Finance Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Bajaj Housing Finance Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Bajaj Housing Finance Limited IPO on Upstox:
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How to check the Bajaj Housing Finance Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Bajaj Housing Finance Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Bajaj Housing Finance Limited IPOTo apply for the Bajaj Housing Finance Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Bajaj Housing Finance Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Bajaj Housing Finance Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Bajaj Housing Finance IPO means applying for this public issue before it goes live. Pre-apply for the Bajaj Housing Finance IPO start soon.
You can pre-apply for the Bajaj Housing Finance IPO on Upstox soon. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Bajaj Housing Finance IPO opens for the subscription.
The Bajaj Housing Finance IPO launch date is yet to be announced. The Bajaj Housing Finance IPO will be open for subscription till the date which is yet to be announced.
The Bajaj Housing Finance lot size is yet to be announced and the minimum investment required is yet to be announced.
The Bajaj Housing Finance IPO price band is yet to be announced.
The size of the Bajaj Housing Finance IPO is approx. ₹7000 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on a date which is yet to be announced.
Bajaj Housing Finance shares will be on NSE and BSE.
Bajaj Housing Finance shares’ listing date is yet to be announced.