BAJAJ HOUSING FINANCE LIMITED IPO
₹ 66 - ₹ 70
09-Sep-2024 - 11-Sep-2024
₹ 14980.00

/ 214 Shares

BAJAJ HOUSING FINANCE LIMITED IPO

09-Sep-2024 - 11-Sep-2024

₹ 66 - ₹ 70

Price Band

₹ 14980.00

Minimum Investment

214

Bid Lot

937,142,856

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 1,369,158 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs.3,560 Cr and Offer for Sale of Equity Shares aggregating upto Rs.3,000 Cr

Category % Shares/Amount
QIB 50% 418,571,428 Shares Rs.2930.00 Cr
HNI 1 5% 41,857,143 Shares Rs.293.00 Cr @ 13971 Form 1X
HNI 2 10% 83,714,286 Shares Rs.586.00 Cr @ 27942 Form 1X
Retail 35% 293,000,000 Shares Rs.2051.00 Cr @ 1369159 Form 1X
Employee 0% 28,571,428 Shares Rs.200.00 Cr
ShareHolder 0% 71,428,571 Shares Rs.500.00 Cr

BRLMs: Axis Capital, Kotak Mahindra Capital, BofA Securities, Goldman Sach, SBI Capital Markets, JM Financial, IIFL Securities


Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
1369159 Form 1X 13971 Form 1X 27942 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 214 ₹ 14,980
Retail (Upto 2 Lakh) 13 2782 ₹ 194,740
S-HNI (2 Lakh to 10 Lakh) 14 2996 ₹ 209,720
S-HNI (2 Lakh to 10 Lakh) 66 14124 ₹ 988,680
B-HNI (Above 10 Lakh) 67 14338 ₹ 1,003,660

IPO Timeline

  • Open Date

    09-Sep-2024
  • Close Date

    11-Sep-2024
  • Basis of Allotment Date

    12-Sep-2024
  • Initiation of Refunds

    13-Sep-2024
  • Credit Shares to Demat A/c

    13-Sep-2024
  • IPO Listing Date

    16-Sep-2024

Subscription as on
11-Sep-2024 19:11

Category Book Size Subscription No. of Times
QIB 167,428,572 ₹ 1172.00 Cr. 37,177,059,692 ₹ 260239.42 Cr. 222.05x
HNI (<10 LAKH) 41,857,143 ₹ 293.00 Cr. 1,299,009,104 ₹ 9093.06 Cr. 31.03x
HNI2 (>10 LAKH) 83,714,286 ₹ 586.00 Cr. 4,230,257,840 ₹ 29611.80 Cr. 50.53x
RETAIL 293,000,000 ₹ 2051.00 Cr. 2,190,092,478 ₹ 15330.65 Cr. 7.47x
EMP 28,571,428 ₹ 200.00 Cr. 62,332,850 ₹ 436.33 Cr. 2.18x
SHA 71,428,571 ₹ 500.00 Cr. 1,328,231,232 ₹ 9297.62 Cr. 18.60x
Total 686,000,000 46,286,983,196 67.47x
Category Book Size Subscription No. of Times
QIB 167,428,572 ₹ 1172.00 Cr. 37,177,059,692 ₹ 260239.42 Cr. 222.05x
HNI (<10 LAKH) 41,857,143 ₹ 293.00 Cr. 1,299,009,104 ₹ 9093.06 Cr. 31.03x
HNI2 (>10 LAKH) 83,714,286 ₹ 586.00 Cr. 4,230,257,840 ₹ 29611.80 Cr. 50.53x
RETAIL 293,000,000 ₹ 2051.00 Cr. 2,190,092,478 ₹ 15330.65 Cr. 7.47x
EMP 28,571,428 ₹ 200.00 Cr. 62,332,850 ₹ 436.33 Cr. 2.18x
SHA 71,428,571 ₹ 500.00 Cr. 1,328,231,232 ₹ 9297.62 Cr. 18.60x
Total 686,000,000 46,286,983,196 67.47x

*Excluding Anchor

Total No. of Application Approx : ~8331023 (6.08 Appwise)

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About Company

  • Incorporated on June 13, 2008, Bajaj Housing Finance Ltd (“BHFL”), the part of Bajaj group, is a non-deposit taking Housing Finance Company (“HFC”), registered with the National Housing Bank since September 24, 2015, and engaged in mortgage lending since Fiscal 2018. BHFL have been identified and categorized as an “Upper Layer” NBFC ("NBFC-UL”) in India by the RBI since September 30, 2022.

  • BHFL offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces. Their mortgage product suite is comprehensive and comprises of:

  • Home loans; Loans against property (“LAP”); Lease rental discounting; and Developer financing.

  • BHFL is the 2nd largest HFC with AUM of ? 97,071.33 crore as at June 30, 2024 and fastest growing HFC with CAGR of 29.3% between Fiscal 2020 and Fiscal 2024.

  • BHFL is the largest non-deposit taking HFC (in terms of AUM) in India with, in 7 years of commencing mortgage operation. BHFL also has the highest total income CAGR growth of 30.3% between Fiscal 2020 and Fiscal 2024.

  • Company’s strategic focus is on low risk and fast-growing home loan customers and as at March 31, 2024, home loans contributed 57.8% of their AUM, of which 87.5% pertained to salaried customers, 4.3% self-employed professional customers and 8.2% self-employed non-professional customers.

  • The company has a network of 215 branches as at June 30, 2024, spread across 174 locations in 20 states and 3 union territories, which are overseen by 6 centralized hubs for retail underwriting and 7 centralized processing hubs for loan processing.

  • BHFL’s Gross Non-Performing Assets (“GNPA”) ratio and Net Non-Performing Assets (“NNPA”) ratio had been at 0.28% and 0.11%, respectively, as at June 30, 2024.

  • BHFL has the highest possible credit ratings in India for both the long term (CRISIL AAA/stable and IND AAA/stable) as well as short term (CRISIL A1+ and IND A1+) borrowings programme.

Read More

Strengths

Competitive Strength 

  • Distinguished heritage of the “Bajaj” brand, having recognition as a reliable retail brand with strong brand equity;

  • 2nd largest HFC in India (in terms of AUM) with a track record of strong growth driven by a diversified portfolio;

  • Strategic presence with omni-channel sourcing strategy, driven by customer-focused digitization initiatives and technology;

  • Well defined credit evaluation and risk management practices resulting in lowest GNPA and NNPA among the Peers;

  • Access to diversified and cost-effective borrowing sources facilitated by the highest possible credit ratings from rating agencies;

  • Experienced management team supported by a team of dedicated professionals and ability to attract and retain talented employees.

Business Strategies 

  • 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 the borrowing profile to optimize borrowings costs;

  • Continue to attract, train and retain talented employees

Company Promoters

Company Financials

Bajaj Housing Finance Limited Financial Information (Restated)

Bajaj Housing Finance Limited's revenue increased by 34% and profit after tax (PAT) rose by 38% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 88,538.83 81,827.09 64,654.14 48,527.08
Revenue 2,208.73 7,617.71 5,665.44 3,767.13
Profit After Tax 482.61 1,731.22 1,257.8 709.62
Net Worth 14,719.91 12,233.5 10,503.19 6,741.36
Reserves and Surplus 4,252.83 5,520.81 3,791.03 1,858.03
Total Borrowing 73,347.06 69,129.32 53,745.39 41,492.32
Amount in ? Crore

Objects of the Issue

The company intends to utilize the net proceeds towards the following objective:

  1. Augment capital base to meet future business requirements of the company towards onward lending.

How to Apply

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    Once you accept the mandate, Application is submitted successful.

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Frequently Asked Questions

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