Bajaj Finance’s housing finance subsidiary is set to raise Rs 4,000 crore through an IPO, as per the Reserve Bank of India’s regulations. The company’s board approved the IPO plan, which includes a fresh issue of Rs 4,000 crore and an offer for sale, subject to market conditions and necessary approvals.
Bajaj Housing Finance is one of 15 NBFCs and housing finance companies classified in the RBI’s upper layer. These companies, with assets of Rs 50,000 crore or more, must be listed on stock exchanges by September 2025.
Currently, eight of these 15 NBFCs are listed, including Bajaj Housing’s parent company, Bajaj Finance. Some companies, like Tata Capital Financial Services and L&T Finance, merged with their listed parents to avoid separate listings. HDB Financial Services, promoted by HDFC Bank, is also preparing for a listing to comply with RBI rules.
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