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IPO Status: Listed [9th Sep 2024 to 11th Sep 2024]
Bajaj Housing Finance IPO, a Mainline IPO of ₹6560.00 Cr was launced on 09-09-2024 to 11-09-2024 and the shares got listed on BSE, NSE on 16-09-2024.
The public issue of Bajaj Housing Finance IPO (BAJAJHFL,544252) was offered at ₹70.00 per share and the ipo was listed at ₹150.00. It has delivered listing gain of 114.29%.
As the minimum lot size was 214 shares, the IPO has offered Rs 17120.00 per lot return on listing.
| IPO Issue Opening Date: | 9th Sep 2024 |
| IPO Issue Closing Date: | 11th Sep 2024 |
| IPO Issue Price: | ₹66.00-70.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹6560.00 Cr |
| Offer for Sale: | ₹3000.00 Cr |
| Fresh Issue: | ₹3560.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 87.8% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544252 |
| NSE Code: | BAJAJHFL |
Get important updates regarding Bajaj Housing Finance IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 12th Sep 2024 |
| Refunds Initiation* | 13th Sep 2024 |
| Credit of Shares to Demat* | 13th Sep 2024 |
| IPO Listing Date* | 16th Sep 2024 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹66.00-70.00 |
| Market Lot: | 214 Shares |
| 1 Lot Amount: | ₹14980 |
| Min Small HNI Lots(2-10 Lakh): | 2996 shares (14 lots) - ₹209720 |
| Min Big HNI Lots(10+ Lakh): | 14338 shares (67 lots) - ₹1003660 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 16-09-2024 | 70.00 | 72 | 11700/163800 | ₹142 (102.86%) | 16-Sep-2024 10:28 |
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**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Bajaj Housing Finance Limited was established in June 2008. The company provides customized financial solutions to individuals and businesses to purchase and renovate homes and commercial premises. The range of mortgage products is comprehensive and includes:-
In addition, the focus is on individual housing loans for private customers, supplemented by a wide range of rental discounts and property development loans. The financial products thus cover every customer segment, from individual home buyers to large property developers.
To support its offering, as of March 31, 2024, it had a network of 215 branches in 174 locations across 20 states and three Union Territories, serviced by six central retail lending centres and seven central loan processing centers. Their diversified reach helps us meet our target customers' specific needs in all regions, both in urban and rural areas.
They use direct and indirect channels for lending. Direct business is generated, for example, through strategic partnerships with developers, self-procurement through customer contact, use of leads from the digital ecosystem and partnerships with digital players. In the case of indirect procurement channels, business is concluded via a distribution network of intermediaries such as sales partners, aggregators, direct sales agents, third-party intermediaries and connectors.
Bajaj Housing Finance IPO has 5000 million shares reserved for subscription under shareholder quota. Eligible Shareholders who hold Bajaj Finance or Bajaj Finserv's shares in their demat account as of 30 August 2024, will be eligible shareholders for the Bajaj Housing Finance IPO.
Eligible Shareholders can apply for a maximum of Rs 2 lakh under the shareholder reservation. And, can also apply either under the retail category for a bidding amount not exceeding Rs 2 lakh or apply as an NII category for a minimum Rs 2 lakh.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Housing Finance Company | ₹6560.00 Cr | https://www.bajajhousingfinance.in/ |
The company intends to utilize the net proceeds towards the following objective:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Other | Total | |
|---|---|---|---|---|---|---|---|
| # of Shares Offered | 167,428,580 (24.41%) | 125,571,430 (18.3%) | 293,000,000 (42.71%) | 28,571,428 | 71,428,571 | 686,000,009 | |
| 1 | 9th Sep 2024 19:04 | 1.14x | 4.71x | 1.79x | 0.38x | 3.29x | 2.26x |
| 2 | 10th Sep 2024 19:04 | 7.91x | 17.57x | 4.25x | 1.14x | 10.31x | 8.08x |
| 3 | 11th Sep 2024 18:21 | 222.05x | 43.98x | 7.41x | 2.13x | 18.54x | 67.43x |
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 | ||||||||||||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Bajaj Housing Finance Limited | 2.6 | 2.6 | 18.2 | 15.2 | ||
| Lic Housing Finance Ltd. | 86.5 | 86.5 | 572.3 | 7.3 | 16.2 | Consolidated |
| Pnb Housing Finance Ltd | 58.4 | 58.4 | 576.6 | 12.4 | 11.6 | Consolidated |
| Can Fin Homes Ltd. | 56.4 | 56.4 | 326.2 | 12.9 | 18.8 | Consolidated |
| Aadhar Housing Finance Limited | 19 | 18.4 | 104.3 | 18.7 | 18.4 | Consolidated |
| Aavas Financiers Ltd | 62 | 61.9 | 476.8 | 25.8 | 13.9 | Consolidated |
| Aptus Value Housing Finance India Limited | 12.3 | 12.2 | 75.5 | 24.6 | 17.2 | Consolidated |
| Home First Finance Company India Ltd | 34.7 | 33.7 | 239.7 | 24.3 | 15.5 | Consolidated |
Last Updated on 18-Sep-2024 07:03:24
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Bajaj Housing Finance IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Bajaj Housing Finance IPO with Zerodha.
Alternate approch to apply in Bajaj Housing Finance IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Bajaj Housing Finance IPO Review and Important Updates
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To subscribe or apply in Bajaj Housing Finance IPO, you can use the following methods:
| Bajaj Housing Finance IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Bajaj Housing Finance IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Bajaj Housing Finance IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Bajaj Housing Finance IPO. Most of the Syndicate Banks provide access to apply in Bajaj Housing Finance IPO via ASBA process. You must have your net banking access, DP ID information to apply in Bajaj Housing Finance IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Bajaj Housing Finance IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Bajaj Housing Finance IPO Review and Important Updates
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Applying in Bajaj Housing Finance IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Bajaj Housing Finance IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Bajaj Housing Finance IPO, please refer article >> Link
Bajaj Housing Finance IPO Review and Important Updates
Steps to download the online application form for Bajaj Housing Finance IPO
Or
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Bajaj Housing Finance IPO is going to be list on 16-09-2024. NSE Code for Bajaj Housing Finance is BAJAJHFL. BSE Code for Bajaj Housing Finance is 544252.
Other relevant questions:
When Bajaj Housing Finance IPO will be listing? Bajaj Housing Finance IPO NSE listing date?Bajaj Housing Finance IPO date of listing.Bajaj Housing Finance IPO BSE listing date?
Bajaj Housing Finance IPO Allotment Date is 12-09-2024.
Other relevant questions:
Bajaj Housing Finance IPO share allotment date?Bajaj Housing Finance IPO allotment date?
