Bajaj Housing Finance IPO GMP Today, Bajaj Housing Finance IPO Grey Market Premium Updates |Bajaj Housing Finance IPO, Latest target, Opening gain

Bajaj Housing Finance IPO began on 09 September 2024. It will close on 11 September 2024. The Total IPO Size is ₹6,560.00 Crore Approx. The company set its IPO price is ₹66 to ₹70 per share Per Share. There are three basic categories in Bajaj Housing Finance IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018.

As of March 31, 2024, the company had 308,693 active customers, of which 81.7% were home loan customers.

The company is part of the Bajaj Group, a diversified group of companies with interests in various sectors. Bajaj Housing Finance provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces. The company’s mortgage product range is comprehensive and includes (i) home loans, (ii) loan against property (LAP), (iii) rent concessions, and (iv) developer finance.

The Company has a network of 215 branches in 174 locations across 20 states and three union territories, overseen by six centralized retail loan review centers and seven centralized loan processing centers.

Bajaj Housing Finance IPO Details:

Issuer Bajaj Housing Finance IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 09 September 2024
Issue Closes: 11 September 2024
Price Brand 66 to ₹70 per share
Issue Size ₹6,560.00 Cr
Face Value ₹10 per share
Market Lot 214 Shares
Retail (Max) 194,740
QIB 50%
HNI 15%
Retail Individual Bidders 35%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 937,142,858 Shares

Bajaj Housing Finance IPO GMP Rates day by day

Bajaj Housing Finance IPO Market Lot:

Application Lots Shares Amount
Retail (Min) 1 214 ₹14,980
Retail (Max) 13 2782 ₹1,94,740
S-HNI (Min) 14 2,996 ₹2,09,720
S-HNI (Max) 66 14,124 ₹9,88,680
B-HNI (Min) 67 14,338 ₹1,003,660

Bajaj Housing Finance IPO Date, Allotment & Listing:

Bajaj Housing Finance IPO Opening Date: SEPTEMBE9R 9, 2024
Bajaj Housing Finance  IPO Closing Date: SEPTEMBER 11, 2024
Basis of Allotment: SEPTEMBER 12, 2024
Initiation of Refunds: SEPTEMBER 13, 2024
Credit to Demat Account: SEPTEMBER 13, 2024
Listing Date: SEPTEMBER 16, 2024

Bajaj Housing Finance Financial Information (Restated Consolidated)

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

Key Performance Indicator

The market capitalization of Bajaj Housing Finance IPO is Rs 58297.03 Cr.

KPI as of June 30, 2024.

KPI Values
Debt/Equity 5.7
RoNW 3.6%
P/BV 3.72
Pre IPO Post IPO
EPS (Rs) 2.21 2.32
P/E (x) 31.62 30.2

Objects of the Issue (Bajaj Housing Finance IPO Objectives)

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.
The company has reserved Rs 5000 million worth of shares under shareholder quota. Only Eligible Shareholders as of the Red Herring Prospectus date, i.e. August 30, 2024, would be eligible to apply for this Offer under the Shareholder’s Reservation Portion. Only Bids received at or above the Offer Price will be considered in this category.

Bajaj Housing Finance IPO ALLOTMENT STATUS

How to Apply for Bajaj Housing Finance IPO?

If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.

How to Apply Bajaj Housing Finance IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Bajaj Housing Finance”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with Zerodha.

How to Apply Bajaj Housing Finance IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Bajaj Housing Finances”. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – the mandate. Open a Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Frequently Asked Questions

What is Bajaj Housing Finance IPO?

Bajaj Housing Finance IPO is a main-board initial public offering of 937,142,858 Equity shares of the face value of ₹10 aggregating up to ₹6,560.00 Crores. The issue price of the IPO is ₹66 to ₹70 Per Equity Share. The minimum order quantity is 214 Shares per application and the offer type is Book Built Issue. The IPO opens on September 09, 2024 and closes on Sepetmber 11, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Bajaj Housing Finance IPO will open?

The Bajaj Housing Finance IPO opens on September 09, 2024 and closes on September 11, 2024.

How to apply for Bajaj Housing Finance IPO?

You can apply in Bajaj Housing Finance IPO online using either UPI or ASBA as payment method. Kotak Mahindra Capital Company Limited, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, Jm Financial Limited and Iifl Securities Ltd are the book running lead managers of the Bajaj Housing Finance IPO, while Kfin Technologies Limited is the registrar for the issue.

When Bajaj Housing Finance IPO allotment?

The finalization of Basis of Allotment for Bajaj Housing Finance IPO will be done on September 12, 2024, and the allotted shares will be credited to your demat account by September 13, 2024.

Check the Bajaj Housing Finance IPO allotment status.

When is Bajaj Housing Finance IPO listing date?

The Bajaj Housing Finance IPO listing date is not yet announced. The tentative date of Bajaj Housing Finance IPO listing is September 16, 2024.

What is the lot size of Bajaj Housing Finance IPO?

Bajaj Housing Finance IPO lot size is 214 Shares and the minimum order quantity is 1 Shares.