Bajaj Housing Finance is set to launch its ₹6,560 crore Initial Public Offering (IPO) on September 9, with the subscription window closing on September 11. The shares will be priced between ₹66 and ₹70. The IPO includes a fresh issue of ₹3,560 crore and an offer for sale of ₹3,000 crore by its parent company, Bajaj Finance. Investors can place bids starting from 214 shares and in multiples of that amount.
Bajaj Housing Finance, a fully-owned subsidiary of Bajaj Finance, offers loans for buying or renovating homes and commercial spaces to individuals and businesses. It also provides loans against property, working capital for business growth, and lease rental discounting for developers. The funds raised from the fresh issue will be used to strengthen the company’s capital base.
In the financial year 2024, Bajaj Housing Finance saw its net profit increase by 37.6% to ₹1,731.2 crore, compared to ₹1,257.8 crore in the previous year. Revenue from operations also grew by 34.5% to ₹7,617.3 crore. The IPO is being managed by several lead managers, including Kotak Mahindra Capital, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial, and IIFL Securities.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
