Bajaj Housing Finance is set to launch its much-anticipated Initial Public Offering (IPO) with the bidding period commencing on September 9 and closing on 11 September. The company, which offers a range of financial services including home loans and mortgage loans, aims to raise a total of ₹6,560 crore through Bajaj Housing Finance IPO.
Bajaj Housing Finance IPO Price
The price band for the Bajaj Housing Finance IPO has been fixed between ₹66 to ₹70 per equity share, each having a face value of ₹10. The anchor book, which caters to institutional investors, is scheduled to open on September 6, ahead of the public bidding on September 9.
The minimum lot size for bidding is 214 equity shares, and investors can bid in multiples of 214 shares thereafter. So, the minimum amount required to bid for the Bajaj Housing Finance IPO by retail investors will be around Rs 15,000.
IPO Share Allocation
The allocation of shares in the Bajaj Housing Finance IPO is as follows:
- Up to 50% of the shares are reserved for Qualified Institutional Buyers (QIBs)
- At least 15% for Non-Institutional Investors (NIIs)
- At least 35% for Retail Investors
Listing and Allotment Timeline
- Allotment Date: September 12
- Refund Initiation: September 13
- Credit of Shares to Demat Accounts: September 13
- Expected Listing Date on BSE and NSE: September 16
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Bajaj Housing Finance Fundamentals
Founded in 2008, Bajaj Housing Finance plans to raise a total of ₹6,560 crore through this primary stake sale. The IPO will consist of a fresh issue of shares worth ₹3,560 crore and an offer-for-sale (OFS) by its promoter, Bajaj Finance Ltd., valued at ₹3,000 crore. The company specializes in providing tailored financial solutions for individuals and corporates, particularly for purchasing and renovating residential and commercial properties.
Bajaj Housing Finance IPO a Good Investment Opportunity?
There is growing anticipation around the Bajaj Housing Finance IPO for some time now. Many industry experts have already given it a strong “BUY” rating.
About Bajaj Housing Finance
As of March 31, 2024, Bajaj Housing Finance had 3,08,693 active customers, with 81.7% being home loan clients. The company operates a robust network of 215 branches across 174 locations in 20 states and three union territories, providing comprehensive financial solutions to a diverse customer base.
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