Bajaj Housing Finance IPO: 

A Comprehensive Guide for Investors

The much-awaited Bajaj Housing Finance IPO is set to make a significant impact on the Indian stock market. Opening for subscription from September 9, 2024, to September 11, 2024, this IPO presents a promising opportunity for investors eager to participate in one of India's leading housing finance companies.

Key Details of the Bajaj Housing Finance IPO

• Issue Size: The IPO aims to raise ₹6,560 crore through a book-built issue, comprising:
• Fresh Issue: 50.86 crore shares aggregating to ₹3,560 crore.
• Offer for Sale (OFS): 42.86 crore shares aggregating to ₹3,000 crore.
• Price Band: ₹66 to ₹70 per share.
• Lot Size: Minimum of 214 shares.
• Minimum Investment for Retail Investors: ₹14,980.
• Investment for sNII (Small Non-Institutional Investors): 14 lots (2,996 shares) amounting to ₹209,720.
• Investment for bNII (Big Non-Institutional Investors): 67 lots (14,338 shares) amounting to ₹1,003,660.

Important Dates to Remember

• IPO Open Date: Monday, September 9, 2024.
• IPO Close Date: Wednesday, September 11, 2024.
• Basis of Allotment: Thursday, September 12, 2024.
• Initiation of Refunds: Friday, September 13, 2024.
• Credit of Shares to Demat Accounts: Friday, September 13, 2024.
• Listing Date: Monday, September 16, 2024.
• UPI Mandate Confirmation Cut-off: 5 PM on September 11, 2024.

About Bajaj Housing Finance Limited 

Founded in 2008, Bajaj Housing Finance Limited (BHFL) is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. As a part of the esteemed Bajaj Group, BHFL offers tailored financial solutions to both individuals and corporates, focusing primarily on the purchase and renovation of residential and commercial properties. Core Products and Services

• Home Loans
• Loan Against Property (LAP)
• Rent Concessions
• Developer Finance

Financial Performance Highlights 

BHFL has exhibited strong financial growth:

• Revenue Growth: Increased from ₹5,665.44 crore in FY 2023 to ₹7,617.71 crore in FY 2024, marking a 34% growth.
• Profit After Tax (PAT): Rose by 38%, from ₹1,257.80 crore in FY 2023 to ₹1,731.22 crore in FY 2024.
• Total Assets: Expanded from ₹64,654.14 crore in FY 2023 to ₹81,827.09 crore in FY 2024.
• Net Worth: Strengthened from ₹10,503.19 crore in FY 2023 to ₹12,233.50 crore in FY 2024.

Why Investors are Excited 

The Bajaj Housing Finance IPO has garnered significant attention for several reasons:

• Attractive Pricing: With a price band of ₹66 to ₹70 per share, the IPO is accessible to a wide range of investors.
• Strong Growth Trajectory: Consistent financial growth highlights the company's profitability and future potential.
• Reputable Backing: As part of the Bajaj Group, BHFL benefits from the conglomerate's established market presence and credibility.
• Expanding Market Presence: A growing network of branches and service centers enhances BHFL's reach and customer service efficiency.

How to Participate

• Minimum Investment: Retail investors can get involved with a minimum investment of ₹14,980 for one lot (214 shares).
• Application Window: Ensure your applications are submitted between September 9 and September 11, 2024.
• Allotment and Listing: Keep an eye on the allotment finalization on September 12, 2024, and be prepared for the listing on September 16, 2024.