Bajaj Housing Finance IPO price band set at ₹66-₹70 per share: Check issue date, lot size and other key details

Investors can bid for a minimum of 214 equity shares and in multiples after that.

The initial share sale consists of a fresh issue of shares up to ₹3,560 crore and an offer for sale (OFS) component of equity shares worth ₹3,000 crore by parent company Bajaj Finance.

Proceeds from the fresh issue will be used to increase the company's capital base to meet future capital requirements.

Half of the offer size has been set aside for qualified institutional buyers, 35% for retail investors and the remaining 15% for non-institutional investors (NIIs).

The company has also reserved shares worth ₹200 crore for Bajaj Housing Finance employees.

The company's shares will likely be allotted on September 12, while the listing is expected to occur on September 16.

JM Financial Ltd, BofA Securities India Ltd, Kotak Mahindra Capital Company Ltd, SBI Capital Markets Ltd, and Goldman Sachs (India) Securities Private Ltd are the book-running lead managers to the issue.

About Bajaj Housing Finance

Bajaj Housing Finance is a non-deposit taking housing finance company registered with the National Housing Bank (NHB) since 2015. It offers financial solutions for renovating and purchasing residential and commercial properties.

For the financial year 2023-24, the housing lender posted a net profit of ₹1,731 crore, marking a growth of 38% from ₹1,258 crore in FY23.