Bajaj Housing Finance Limited is coming up with an IPO worth INR 6,560 crores, consisting of a fresh issue of shares worth INR 3,560 crores and an offer to sell shares worth INR 3,000 crores. The company aims to augment capital for future lending and enhance brand visibility through listing.
Bajaj Housing Finance IPO – Important Dates
| Bajaj Housing Finance Limited IPO Date | September 9, 2024 to September 11, 2024 |
| Bajaj Housing Finance Limited IPO Listing Date | September 16, 2024 |
| Bajaj Housing Finance Limited IPO Price | INR 66 to 70 per share |
| Bajaj Housing Finance Limited IPO Lot Size | 214 Shares |
| Bajaj Housing Finance Limited IPO Total Issue Size | INR 6,560 crores |
| Bajaj Housing Finance Limited IPO Basis of Allotment | September 12, 2024 |
| Bajaj Housing Finance Limited IPO Initiation of Refunds | September 13, 2024 |
| Bajaj Housing Finance Limited IPO Credit of Shares to Demat | September 13, 2024 |
| Bajaj Housing Finance Limited IPO Issue Type | Book Built Issue IPO |
| Bajaj Housing Finance Limited IPO Listing At | BSE, NSE |
Read more Bajaj Housing Finance Limited IPO GMP
Bajaj Housing Finance Limited IPO – Company Profile
Bajaj Housing Finance Limited, an NBFC-UL registered with NHB, offers a comprehensive mortgage product suite, focusing on individual retail housing loans, lease rental discounting, and developer financing, catering to diverse customer segments.
A hybrid model combining direct engagement and intermediaries supports 215 branches across 20 states, enhancing geographic reach, strategic partnerships, and personalized customer experiences in urban and upcountry locations. The model leverages direct and indirect loan origination channels.
Customized credit evaluations, robust risk management, and competitive borrowing have enabled them to maintain low GNPA (0.27%) and NNPA (0.10%) ratios, supported by top-tier credit ratings and a cost-effective funding base.
Bajaj Housing Finance Limited IPO Fundamental Analysis
Bajaj Housing Finance Limited’s financial analysis reveals a mixed performance. Revenue increased steadily, accompanied by higher profitability, improved EPS, and stronger RoNW, reflecting business growth, reduced debt reliance, and increased total assets.
- Revenue Trend: The revenue increased from ₹34,817.5 million in March 2022 to ₹52,692.4 million in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 72,023.6 million.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing.
- Profitability: The profit after tax (PAT) has increased from ₹7,096.2 million in March 2022 to ₹17,312.2 million by March 2024. The rise in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS has also increased from ₹1.5 in March 2022 to ₹2.6 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 11.1% to 15.2%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Bajaj Housing Finance IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in Million) | 34,817.5 | 52,692.4 | 72,023.6 |
| Equity (₹ in Million) | 67,413.6 | 105,031.9 | 122,335.0 |
| Expenses (₹ in Million) | 28,072.7 | 39,653.8 | 54,563.9 |
| Profit and Loss After Tax (₹ in Million) | 7,096.2 | 12,578.0 | 17,312.2 |
| RoNW (%) | 11.1 | 14.6 | 15.2 |
| NAV per Equity Share (₹) | 13.8 | 15.6 | 18.2 |
| Diluted EPS only (₹) | 1.5 | 1.9 | 2.6 |
| Total Assets (in millions) | 485,270.8 | 646,541.4 | 818,270.9 |
| Total Liabilities (in millions) | 417,857.2 | 541,509.5 | 695,935.9 |
| Debt Equity Ratio | 6.2 | 5.1 | 5.7 |
Bajaj Housing Finance Limited IPO Peer Comparison
Bajaj Housing Finance Limited has a strong RoNW and EPS, comparable with industry peers like LIC Housing Finance, PNB Housing Finance, Can Fin Homes, and Aadhar Housing Finance, demonstrating competitive financial performance and market positioning.
| Company | Total Income (₹ in million) | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Bajaj Housing Finance Limited | 76,177.1 | 10 | NA | 2.6 | 2.6 | 15.2 | 18.2 |
| LIC Housing Finance Limited | 272,778.0 | 2 | 7.3 | 86.5 | 86.5 | 16.2 | 572.3 |
| PNB Housing Finance Limited | 70,570.9 | 10 | 12.4 | 58.4 | 58.2 | 11.6 | 576.6 |
| Can Fin Homes Limited | 35,246.9 | 2 | 12.9 | 56.4 | 56.4 | 18.8 | 326.2 |
| Aadhar Housing Finance | 25,869.8 | 10 | 18.7 | 19.0 | 18.4 | 18.4 | 104.3 |
Bajaj Housing Finance Limited IPO Objective
The main objective of Bajaj Housing Finance Limited is to augment capital for future lending and enhance brand visibility through listing.
Bajaj Housing Finance Limited IPO Risks And Challenges
Bajaj Housing Finance Limited’s risk includes exposure to real estate market fluctuations, which may affect loan recovery and collateral value. Regulatory shifts, customer defaults, and substantial borrowings threaten financial stability and growth.
- Exposure to real estate market fluctuations, declining collateral value, and foreclosure delays pose risks to Bajaj Housing Finance Limited’s operations, potentially impacting financial performance and the ability to recover outstanding loans.
- Factors like macroeconomic changes, regulatory shifts, and customer defaults may increase GNPAs/Stage 3 Assets, impacting loan portfolio quality, credit ratings, and profitability. Provisioning errors and regulatory requirements could further affect financial stability.
- With significant total borrowings as of March 31, 2024, their future growth hinges on additional debt and adherence to financing covenants. Non-compliance or failure to maintain credit ratings could adversely affect cash flow and financial stability.
Bajaj Housing Finance Limited IPO – Industry & Market Potential
Systemic credit is projected to grow at a 13-14% CAGR between Fiscal 2023 and 2025, driven by strong retail demand, corporate credit, and investment activity, supported by budgetary pushes and private sector growth.
The Indian housing finance market is expected to grow at a 13-15% CAGR from Fiscal 2023 to 2027, driven by rising disposable incomes, stable property rates, and strong demand in metro and Tier 2/3 cities.
The Loan Against Property (LAP) segment is expected to grow at a 13-15% CAGR between Fiscal 2023 and 2026, driven by increased lender focus, financial penetration, technology use, new entrants, and continued government support.
Bajaj Housing Finance IPO – Type of Offer
Bajaj Housing Finance Limited plans a fresh issue of shares, seeking INR 4000 crores to augment capital for future lending and enhance brand visibility through listing. Additionally, the company proposes an offer for sale, intending to sell existing shares worth INR 3000 crores.
- Fresh Issue: The company will issue new shares to raise capital, aiming to collect INR 4000 crores. The company intends to utilize the proceeds from the fresh issue to augment capital for future lending and enhance brand visibility through listing.
- Offer for sale: Bajaj Housing Finance Limited is offering to sell existing shares worth INR 3000 crores. The following are the details of the existing shareholders who are also the promoters selling the shares:
| Name of the promoter selling shareholder | Maximum number of offered shares for sale (in millions) |
| Bajaj Finance Limited | 300,000 |
Bajaj Housing Finance IPO Offer Size
The offer size of Bajaj Housing Finance Limited is INR 6,560 crores, consisting of a fresh issue of shares worth INR 3,560 crores and an offer to sell shares worth INR 3,000 crores. The company aims to augment capital for future lending and enhance brand visibility through listing.
Bajaj Housing Finance Limited IPO Allotment Structure
Bajaj Housing Finance Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
Read more Bajaj Housing Finance Limited IPO Allotment Status
How to apply for Bajaj Housing Finance IPO?
To apply for the Bajaj Housing Finance Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Bajaj Housing Finance Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Bajaj Housing Finance Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more Bajaj Housing Finance IPO Day 1 Subscription
How do you check Bajaj Housing Finance IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Bajaj Housing Finance Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Bajaj Housing Finance Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Bajaj Housing Finance Limited IPO:
● Registrar’s Website: Visit the website of KFin Technologies Limited, the registrar of the Bajaj Housing Finance Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more Bajaj Housing Finance IPO Day 2 Subscription
Bajaj Housing Finance Ltd IPO Offer Registrar
The registrar for the Bajaj Housing Finance Limited IPO is KFin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
KFin Technologies Limited
Selenium Tower B, PlotNo. 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad-500 032,
Telangana, India
Tel: +91 40 6716 2222/18003094001
E-mail: [email protected]
Website: www.kfintech.com
Read more Bajaj Housing Finance IPO Day 3 Subscription
Bajaj Housing Finance IPO – FAQs
1. What is the allotment date of the Bajaj Housing Finance IPO?
The allotment date of the Bajaj Housing Finance Limited IPO is September 12, 2024.
2. What is the price band of the Bajaj Housing Finance IPO?
The price band of the issue is INR 66-70 per share.
3. What is the size of the Bajaj Housing Finance IPO?
The offer size of Bajaj Housing Finance Limited is INR 6,560 crores, consisting of a fresh issue of shares worth INR 3,560 crores and an offer to sell shares worth INR 3,000 crores. The company aims to augment capital for future lending and enhance brand visibility through listing.
4. What is the listing date of the Bajaj Housing Finance IPO?
The listing date of Bajaj Housing Finance Limited’s IPO is September 16, 2024.
