Bajaj Housing Finance Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹66 - ₹70
- Lot size
- 214 shares
- Issue amount
- ₹6,560 cr
- Total subscription
- 67.52×
- Opens
- 9 Sept 2024
- Closes
- 11 Sept 2024
- Allotment
- 13 Sept 2024
- Listing
- 16 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 93,71,42,856 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,124
- Fresh issue
- ₹3,560 cr
- Offer for sale
- ₹3,000 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,980
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,81,95,75,273
- Shares after issue
- 8,32,81,46,702
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 214 | ₹14,980 |
| sHNI | 14 | 2,996 | ₹2,09,720 |
| bHNI | 67 | 14,338 | ₹10,03,660 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs(10L +) | 27,942 | 2,45,538 |
| HNIs (2-10L) | 13,971 | 3,92,498 |
| RETAIL | 13,69,159 | 73,35,425 |
| Shareholder | 0 | 9,36,447 |
| Employee | 0 | 1,63,652 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1,172 | 2,60,239.42 |
| RETAIL | 2,051 | 15,463.95 |
| HNIs 2+ | 293 | 9,136.28 |
| HNIs 10+ | 586 | 29,611.8 |
| EMPLOYEES | 200 | 447.54 |
| Shareholder | 500 | 9,322.79 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 2.6 | 1.9 | 1.5 |
| ROE | 15.2 | 14.6 | 11.1 |
| ROCE | 0 | 0 | 0 |
| RONW | 15.2 | 14.6 | 11.1 |
| PRE IPO(PE) | 31.62 | 0 | 0 |
| POST IPO(PE) | 30.2 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Bajaj Housing Finance Limited (BHFL), a part of Bajaj Finance Limited, has been serving customers since June 2008. Based in Pune, BHFL is a key player in India's financial sector, especially in the Non-Banking Financial Company (NBFC) category. Recognized as an 'Upper-Layer NBFC' by the Reserve Bank of India (RBI), the company offers various financial services like home loans, loans against property, and business loans. With AAA/Stable and A1+ credit ratings from CRISIL and India Ratings, BHFL is known for its strong financial health and reliability. As of March 2024, the company serves over 3 lakh customers across India with the support of 2,372 employees, making it a trusted name in the lending business.
Strengths
- Trusted Brand Name: The Bajaj brand is well-known for its reliability, giving the company a strong reputation in the market.
- Market Leader: It is the second-largest housing finance company (HFC) in India by assets under management (AUM), with steady growth and a wide range of services.
- Smart Digital Strategy: The company uses both online and offline channels , along with the latest technology, to reach customers and improve efficiency.
Risk factors
- Collateral Recovery Risks: If the company cannot recover the full value of collateral or unpaid amounts from defaulted loans, it may hurt the company's cash flow and overall financial health.
- Non-Performing Assets (NPAs): Struggling to manage bad loans or not setting aside enough money to cover potential losses could weaken the company's financial stability and performance.
- Covenant Compliance: If the company fails to meet the terms and conditions of its loan agreements, it could negatively affect its business operations, financial results, and overall financial position.
Promoters
Bajaj Finance Limited
Bajaj Finserv Limited
Registrar & documents
Lead manager
Kotak Mahindra Capital Company, Bofa Securities India Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, SBI Capital Markets Limited, Jm Financial Limited, IIFL Capital Services Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Bajaj Auto Limited Complex, Mumbai-Pune Road, Akurdi, Pune - 411035
+91 20 7187806
[email protected]Company website ↗Understanding BAJAJHFL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.