Bajaj Housing Finance Limited

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Bajaj Housing Finance Limited

We are a non-deposit taking Housing Finance Company registered with the National Housing Bank since September 24, 2015, offering tailored financial solutions for purchasing and renovating residential and commercial properties. We have also been identified and categorized as an “Upper Layer” NBFC by the RBI in India and our comprehensive mortgage products include home loans, loans against property, lease rental discounting and developer financing. We primarily focus on individual retail housing loans, supported by a diverse range of commercial and developer loans, serving customers from homebuyers to large developers.

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Price Band

₹66 - ₹70

Dates

09 Sep - 11 Sep

GMP

₹80 (114.29%)
Subscriptions

63.61 times
Issue Size

₹6,560.00 Crs
Bajaj Housing Key Dates
Opening Date

09 Sep 24

Closing Date

11 Sep 24

Basis Of Allotment

12 Sep 24

Initiations Of Refund

13 Sep 24

Credit Of Shares

13 Sep 24

Listing Date

16 Sep 24

Bajaj Housing Objects

  1. Augmenting our capital base to meet future business requirements of our Company for lending.

Bajaj Housing Details
Price Band

₹66 - ₹70

Listing At

NSE & BSE
IPO Issue Type

100% Book Built Offer
Fresh Issue

₹3,560.00 Cr (50.86 Cr Shares)
Offer For Sale

₹3,000.00 Cr (42.86 Cr Shares)
Total Issue

₹6,560.00 Cr (93.71 Cr Shares)
Face Value

₹10 per equity share
Bajaj Housing Lot Information
Investor Category Lot Shares Amount
Retail
Minimum 1 214 14,980
Maximum 13 2,782 1,94,740
Small HNI
Minimum 14 2,996 2,09,720
Maximum 66 14,124 9,88,680
Big HNI
Minimum 67 14,338 10,03,660
Bajaj Housing Subscription

Updated as on 11-Sep-2024 19:00:00

Investor Category Subscription (times) Shares Offered Shared Bid
QIB 209.36 17,75,75,756 37,17,70,59,692
NII 41.51 13,31,81,819 5,52,85,57,748
bNII (bids above ₹10L) 47.64 8,87,87,880 4,23,02,57,840
sNII (bids between ₹2L to ₹10L) 29.24 4,43,93,939 1,29,82,99,908
Retail 7.04 31,07,57,576 2,18,80,22,028
Employee 2.05 3,03,03,030 6,21,85,190
Others 17.53 7,57,57,575 1,32,77,57,864
Total 63.61 72,75,75,756 46,28,35,82,522

Subscription data excludes the Anchor Investor portion.

Bajaj Housing GMP

The estimated Grey Market Premium of Bajaj Housing is ₹80 per share (114.29%)

  • GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
  • The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
Particulars Allocation
QIBs Not more than 50% of Net Offer
Big HNIs (NII) Not less than 10% of Net Offer
Small HNIs (NII) Not less than 5% of Net Offer
Retail Not less than 35% of Net Offer
Employee Rs. 200 Crores
Shareholder Rs. 500 Crores
Bajaj Housing Financials

(Rs. in crores)

Particulars Sep-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 2,208.73 7,617.71 5,665.44 3,767.13
Profit after Tax 482.61 1,731.22 1,257.80 709.62
Net Worth 14,719.91 12,233.50 10,503.19 6,741.36
Total Borrowing 73,347.06 69,129.32 53,745.39 41,492.32
Total Assets 88,538.83 81,827.09 64,654.14 48,527.08
NAV per share (in ₹) 18.80 18.20 15.60 13.80
EPS - Basic (in ₹) 0.60 2.60 1.90 1.50
  • The financial information presented is on a consolidated basis.
Key Performance Indicators
KPI Values
Cost of Borrowing 7.60%
Net Interest Margin 4.10%
RONW 15.20%
ROAE 15.20%
ROAA 2.40%
Debt to Equity 5.70
PE Ratio 26.92
PB Ratio 3.85
Mkt Cap (in Crs.) 1,24,673.98
  • All information pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.
Bajaj Housing Peer Comparision

(Rs. in crores)

Particulars Bajaj Housing LIC Housing PNB Housing Can Fin Homes Aadhar Housing Aavas Financiers Aptus Value Housing Home First
Revenue from Ops (in Crs.) 7,617.71 27,277.80 7,057.09 3,524.69 2,586.98 2,020.69 1,416.84 1,156.55
PAT (In Crs.) 1,731.22 4,765.41 1,527.42 750.69 748.51 490.69 480.62 305.70
EPS - Basic 2.60 86.50 58.40 56.40 19.00 62.00 12.30 34.70
NAV per share 18.20 572.30 576.60 326.20 104.30 476.80 75.50 239.70
RONW 15.20% 16.20% 11.60% 18.80% 18.40% 13.90% 17.20% 15.50%
ROAE 15.20% 16.30% 11.80% 18.80% 18.40% 13.90% 14.70% 15.50%
ROAA 2.40% 1.70% 2.50% 2.30% 4.90% 3.90% 7.50% 4.30%
Price to earning (PE) 26.92 7.70 14.10 15.00 21.40 26.80 25.00 30.30
  • All information pertains to FY 2023-24.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 19, 2024 for Peers
Bajaj Housing Peer Comparision

(Rs. in crores)

Particulars Bajaj Housing
Revenue from Ops (in Crs.) 7,617.71
PAT (In Crs.) 1,731.22
EPS - Basic 2.60
NAV per share 18.20
RONW 15.20%
ROAE 15.20%
ROAA 2.40%
Price to earning (PE) 26.92
LIC Housing PNB Housing Can Fin Homes Aadhar Housing Aavas Financiers Aptus Value Housing Home First
27,277.80 7,057.09 3,524.69 2,586.98 2,020.69 1,416.84 1,156.55
4,765.41 1,527.42 750.69 748.51 490.69 480.62 305.70
86.50 58.40 56.40 19.00 62.00 12.30 34.70
572.30 576.60 326.20 104.30 476.80 75.50 239.70
16.20% 11.60% 18.80% 18.40% 13.90% 17.20% 15.50%
16.30% 11.80% 18.80% 18.40% 13.90% 14.70% 15.50%
1.70% 2.50% 2.30% 4.90% 3.90% 7.50% 4.30%
7.70 14.10 15.00 21.40 26.80 25.00 30.30
  • All information pertains to FY 2023-24.
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of August 19, 2024 for Peers
Promoter Details
Name Shareholding
Bajaj Finance Limited 100%
Management Details
Name Designation
Sanjivnayan Bajaj Chairman
Atul Jain Managing Director
Gaurav Kalani CFO
Company Details

Name: Bajaj Housing Finance Limited

Address: Bajaj Auto Limited
Complex, Mumbai-
Pune Road, Akurdi,
Pune 411 035,
Maharashtra, India

Number: +91 20 71878060

Email: bhflinvestor.service@bajajfinserv.in

Website: www.bajajhousingfinance.in

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Frequently Asked questions?

Find answers to common questions that come in your mind related to IPO.

Bajaj Housing is a Mainboard IPO having an issue size of Rs. ₹6,560.00 Crs. Bajaj Housing is priced at ₹66 - ₹70 per share. The issue opens on 09 Sep 24 and closes on 11 Sep 24.

Bajaj Housing opens on 09 Sep 24 and closes on 11 Sep 24.

The estimated Grey Market Premium of Bajaj Housing is ₹80 per share (114.29%).

The minimum lot size of Bajaj Housing is 214 shares & the minimum application amount is Rs. 14980.

The allotment date of Bajaj Housing is 12 Sep 24.

The listing date of Bajaj Housing is 16 Sep 24.

Bajaj Housing is subscribed 63.61 times.

Bajaj Housing is priced at ₹66 - ₹70 per share.

Click the allotment link on Bajaj Housing page of IPO360.

  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app

  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app

  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Bajaj Housing from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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