BAJAJ HOUSING FINANCE LIMITED’S Rs. 6,560 CRORE INITIAL PUBLIC OFFERING TO OPEN ON 9 SEPTEMBER 2024
Mr. Atul Mehra, Managing Director & CEO – Axis Capital Limited;
Mr. Atul Jain – Managing Director, Bajaj Housing Finance Limited;
Mr. Sanjivnayan Bajaj, Chairman, Bajaj Housing Finance Limited;
Mr. Gaurav Kalani – Chief Financial Officer, Bajaj Housing Finance Limited;
Mr. Vipin Arora – Executive Vice President – CRE & LAP, Bajaj Housing Finance Limited;
Mr. Amit Sinha – Executive Vice President – Home Loans, Bajaj Housing Finance Limited;
Mr. Vijay Solanki – Treasurer, Bajaj Housing Finance Limited
MUMBAI, 3rd SEPTEMBER, 2024 (TGN): Bajaj Housing Finance Limited, a subsidiary of Bajaj Finance Group, will be launching its IPO to raise Rs 6,560 crore from investors. The IPO will open for bidding on September 09 and close on September 11. The company kept the IPO price band in a range of Rs 66 to 70 per equity share. Investors can apply for a minimum of 214 equity shares and its multiples thereafter.
Bajaj Housing Finance was founded in 2008 and is a non-deposit-taking housing finance company (HFC) registered with the National Housing Bank (NHB) since 2015 and has been offering mortgage loans since the financial year 2018. The company provides customized financial solutions to individuals and corporates for the purchase and renovation of homes and commercial spaces.
The company is looking to raise a total of Rs. 6,560 crore from its primary stake sale, which includes a fresh share sale of Rs. 3,560 crore and an offer-for-sale (OFS) of ₹3,000 crore from its promoter Bajaj Finance Ltd. Anchor book for the issue will open on September 6.
In the IPO, Bajaj Housing Finance has reserved shares worth Rs. 200 crore for the eligible employees of the company. Shares worth Rs. 500 crore shall be reserved for eligible shareholders of Bajaj Finance and Bajaj Finserv. In the offer, 50 per cent shares will be allocated for qualified institutional bidders while NII and retail investors will get 15 per cent and 35 per cent.
Kotak Mahindra Capital Company, BofA Securities India, Axis Capital, Goldman Sachs (India) Securities, SBI Capital Markets, JM Financial and IIFL Securities are the book running lead managers of the Bajaj Housing Finance IPO. Kfin Technologies is the registrar for the issue.
Shares of the company shall be listed on both BSE and NSE likely on September 16.
Link to the red herring prospectus of the Company dated August 30, 2024: https://investmentbank.kotak.