Bajaj Housing Finance Limited IPO
Company Overview
Founded in 2008, Bajaj Housing Finance is a non-deposit-taking Housing Finance Company (HFC) registered with the National Housing Bank (NHB) since 2015. It began offering mortgage loans in the financial year 2018. The company is a part of the Bajaj Group, a diversified conglomerate with interests spanning various sectors.
Bajaj Housing Finance specializes in providing customized financial solutions to both individuals and corporates for the purchase, renovation, and development of homes and commercial spaces.
Mortgage Products
Bajaj Housing Finance offers a wide range of mortgage products, including:
Home Loans
Loan Against Property (LAP)
Rent Concessions
Developer Finance
Key Figures and Network
As of March 31, 2024, the company served 308,693 active customers, with 81.7% being home loan customers. The company operates a vast network, consisting of:
215 branches across 174 locations in 20 states and three union territories
Six centralized retail loan review centers
Seven centralized loan processing centers
Objects of the Issue
The company intends to utilize the net proceeds from the IPO to:
Augment its capital base to meet future business needs, primarily for onward lending.
Bajaj Housing Finance IPO: Key Details
IPO Dates: 9 to 11 September 2024
Price Band: ₹66 to ₹70 per share
Lot Size: 214 shares
Total Issue Size: ₹6560 Crores
Retail Quota: 31%
GMP: +110% (for informational purposes only)
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