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 home loans, loans against property (LAP), lease rental discounting, and developer financing. It caters to every customer segment, from individual homebuyers to large-scale developers. As of 30 June 2024, the company has 3.23 lakh active customers and an overall loan disbursement of ₹12,003 crore. It is present across 174 locations in 20 states and three union territories with a network of 215 branches. The company has consistently scaled its operations to become the second-largest non-deposit taking HFC (in terms of AUM) in India within seven years of commencing mortgage operations. Total assets under management (AUM) stood at ₹97,071 crore during the first quarter of FY25. Home loans make up over 57% of the total AUM, while LAP and other products make up for the remaining AUM. Meanwhile, the average ticket size of the home loan was around ₹0.46 crore and ₹0.59 crore for LAP. The company originates loans from direct and indirect channels. It sources direct loans through strategic partnerships with developers, self-sourcing through customer engagement, and partnerships with digital players. It also source loans 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 19.6% in its AUM (assets under management) and 34% in its profit. As of 30 June 2024, the gross non-performing assets (GNPA) ratio and net non-performing assets (NNPA) ratio had been at 0.28% and 0.11%, respectively. Meanwhile, around 75.5% of home loan AUM were from customers with a CIBIL score above 750 as of 30 June 2024. Moreover, NBFC credit is expected to grow at a CAGR of 15% to 17% between FY24 and FY27, driven by growth in the retail segment. Housing finance accounts 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 ₹6,560 crore, comprising fresh issue aggregating to ₹3,560 crore, as well as an offer for sale, aggregating to ₹3000 crore. The money raised from the fresh issue will be utilised 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
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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 – will be 9th September 2024. The Bajaj Housing Finance IPO closing date is 11th September 2024. After this, investors will be updated about the allotment status on 12th September 2024.
Investors who have been allotted shares can expect them to be credited to their demat account on 13th September 2024. The Bajaj Housing Finance IPO listing date is 16th September 2024. The listing date is the date on which a company's shares are listed on the bourses—NSE and BSE. |Bajaj Housing Finance Limited IPO Price BandThe IPO is a fresh issue and an offer for sale. The Bajaj Housing Finance IPO price band has been set between ₹66 and ₹70 per share. Interested investors can choose a price within this band to apply for the IPO. The Bajaj Housing Finance IPO listing price will be determined on 16th September 2024. 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. Click here to pre-apply for the Bajaj Housing Finance IPO on Upstox.
You can pre-apply for the Bajaj Housing Finance IPO from 05 September 2024. 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 9th September 2024. The Bajaj Housing Finance IPO will be open for subscription till 11th September 2024.
The Bajaj Housing Finance lot size is 214 shares and the minimum investment required is ₹14,124.
The Bajaj Housing Finance IPO price band is ₹66 – ₹70 per share.
The size of the Bajaj Housing Finance IPO is approx. ₹6,560 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 13th September 2024.
Bajaj Housing Finance shares will be on NSE and BSE.
Bajaj Housing Finance shares’ listing date is 16th September 2024.
If yes, you can apply in an additional Shareholder quota category. You can apply up to ₹2 lakh in the shareholder quota category. You can do so using the following combinations: Shareholder quota + BHNI Shareholder quota + SHNI Shareholder quota + Retail
Note:- 2 lakhs is the maximum bid limit in shareholder quota as per the latest Addendum.