The IPO of housing finance company, Bajaj Housing Finance will open on 9th September, 2024. The IPO will close on 11th September, 2024. IPO Price band is Rs 66- Rs 70 per share. Minimum bid lot size of the IPO is 214 shares. The issue size of the IPO is Rs 7,000 crore. Rs 4,000 crore of this will be raised through issuance of fresh equity shares. Rs 3,000 crore will be through offer for sale of existing shareholders.
The entire amount raised through the fresh issue of shares in the IPO will be used for enhancing the capital base of the company so that it can expand in the near future. Book Running Lead Managers (BRLMs) of the IPO are Kotak Securities, BofA Securities, Axis Capital, SBI Caps, IIFL Securities etc.
Bajaj Housing Finance Ltd
Bajaj Housing Finance is India's second largest housing finance company in terms of Assets Under Management. The company is part of the Bajaj Group. In recent years, the company has shown strong track record of profitability. Its gross non-performing and net non-performing assets currently stand at 0.27% and 0.10% respectively. Lower the non-performing assets, better is the quality of loan portfolio.
Bajaj Housing Finance is a non-deposit taking Non-Banking Financial company. Average size of home loans given by Bajaj Housing Finance currently is Rs 4.6 million or Rs 46 lakhs. The company predominantly gives loans to salaried customers. 87.5% of home loans given by it are to salaried customers. Other products in the portfolio of Bajaj Housing Finance include
Loan against property, commercial property loans and loan for developers. Recently, the company has also added some insurance-based products in its portfolio. The company operates through a network of more than 215 brick-and-mortar or physical branches. It also has online and multi-channel presence.
Financial Performance in recent years
Profit after tax of Bajaj Housing Finance, in the most recent financial year, FY 24, stood at Rs 1,713 crore. This was a jump of 37% over its net profit in FY 23. The company was profitable in both FY 23 and FY 22 too. Return on Equity given by the company to its shareholders in FY 24 stood at around 15%. In the previous two years, before FY 24, its ROE stood at 14.6% and 11.1% respectively. Average interest rate that it charged its customers in FY 24 stood at 10.4%. Cash flow generated from operations of the company in FY 24 stood at Rs. 2,069 crore in FY 24. Earnings per share (EPS) of the company is FY 24 stood at Rs 2.6 per share.
Apply for Bajaj Housing Finance IPO in 5 minutes and in just one click, through HDFC Sky
It will not take more than 5 minutes for you to apply for this IPO through the HDFC Sky platform.
- Log in to your HDFC Sky app or platform
- Go to profile > Indian stocks > IPO
- Select IPO, then click Apply Now
- Add bid size, and customize
- Proceed to pay in just one click by paying through UPI
Conclusion
HDFC Sky is the most convenient way to invest in Bajaj Housing Finance IPO. You can apply for this IPO both through HDFC Sky app and the web platform of the company. You can download the HDFC Sky app from Google Play store or iPhone app store. You can go to the HDFC Sky web platform, by clicking on this link : https://hdfcsky.com/.